CAT, MOG, SHIB, and other meme coins have entered into a significant partnership with Chainlink. As part of the agreement, these altcoins will become compatible with the LINK network. Offering tokens on different networks will increase their visibility and distribution, encouraging investment and usage among network users.
CAT, MOG, and SHIB Added to Chainlink Services
Over the weekend, several popular meme tokens were added to Chainlink services. Among the added tokens are Shiba Inu (SHIB), Simon’s Cat (CAT), and Mog Coin (MOG). Offering tokens across different networks increases their visibility and distribution, boosting investment and usage among network users.
In the past few days, Shiba Inu (SHIB) and its ecosystem tokens, Turbo (TURBO) and Apu (APU), adopted Chainlink Cross-Chain Token (CCT) standards, becoming compatible with 12 different blockchains. This allows these tokens to be accessible on networks beyond the ones in which they were originally issued.
On Sunday, tokens such as Simon’s Cat (CAT), Coq Inu (COQ), Goat (GOAT), Hamster Kombat (HMSTR), and Mog Coin (MOG) were included in Chainlink’s decentralized data flow list.
What Price Levels Are Expected for Shiba Inu?
Shiba Inu (SHIB) is a popular meme token introduced in 2021 as an alternative to Dogecoin. Initially just a community-focused project, it grew rapidly, attracting a large investor base. SHIB’s success wasn’t limited to targeting meme tokens and a fun community; it also became notable for its strong following and deflationary characteristics. This allowed it to aim for long-term value, gaining even more significance.
One of the project’s major innovations is the creation of its own decentralized exchange (DEX) platform called ShibaSwap. Platforms like these, which enhance Shiba Inu’s growth potential, can widen the token’s use cases, contributing to its future expansion.
The future of SHIB depends not only on the current community support but also on gaining investors’ trust and increasing adoption rates. Recent integration with major networks like Chainlink provides SHIB with more development opportunities in terms of technology and user access. Shiba Inu, a project trying to go beyond being just a meme token, continues to grow its potential with initiatives like its stablecoin, “Shiba Inu Coin,” and integration into the decentralized finance (DeFi) ecosystem. SHIB’s contribution to projects on the Ethereum network, in particular, is crucial in ensuring the token’s long-term value.
However, the value of meme tokens like SHIB is largely based on speculation and community perception. Investors may engage in short-term buying and selling to make profits. Yet, project developments can also impact price movements. Long-term investors should carefully analyze the technology behind SHIB and its ecosystem expansion, considering opportunities for sustained value growth by solidifying the token’s position over time. Don’t forget to check out our updated SHIB analysis on Kriptokoin.com.
To stay up-to-date with the breaking news, follow us on Twitter, Facebook, and Instagram. Join our Telegram and YouTube channel