Shiba Inu (SHIB) Surpassed by Chainlink (LINK). Is It About to Leave Top 20?

Shiba Inu (SHIB), a formidable name in the world of meme coins, is now on precarious ground. Earlier today, it dropped below Chainlink (LINK) by market capitalization, according to data provided by CoinMarketCap.

Timeline of Chainlink, Shiba-inu

Shiba Inu (SHIB) has been navigating turbulent waters in the crypto market since mid-April. With its price oscillating between the lows of $0.0000068 and the highs of $0.0000076, SHIB holders have been eagerly awaiting a breakout from this sideways movement.

Chainlink (LINK), the decentralized oracle network, has been making waves in the cryptocurrency space recently. Renowned crypto analyst Altcoin Sherpa, known for his insightful market predictions on the social media platform X, has voiced strong support for Chainlink, highlighting its promising fundamentals.

Chainlink (LINK) has recently showcased encouraging signs, especially with its price staying robust above the $7.25 benchmark against the US dollar. Moreover, trading above the critical $7.

The global reach of cryptocurrencies Shiba Inu and XRP will significantly increase to over 190 countries as a result of the partnership between cryptocurrency payment provider Wirex and on-ramp aggregator Onramper, which is expected to contribute to overall crypto adoption.

The ShibariumID project has officially announced its plans to introduce the first domain name service designed specifically for the Shibarium ecosystem. Expected to go live as early as next month, this development may mark a significant milestone for the Shiba Inu blockchain.

Traders have continued to flock to the Calcium token, a dummy token associated with Shiba Inu (CRYPTO: SHIB), causing its value to soar by 200% within the last 24 hours. This surge comes even after a warning issued by the SHIB team regarding the token's risks.

Shiba Inu (SHIB) cryptocurrency, renowned for its status as a meme coin with the second-largest market capitalization, has defied the recent bearish trend that had gripped it in the past few days. This resurgence follows a slump in SHIB's value, which reached a near-term low of $0.000007195 on September 21.

Shibarium, a fast-growing Layer-2 network, has processed more than three million transactions in less than a month. This impressive feat shows that many people are starting to use the network, which is gaining popularity quickly.

Layer-2 network Shibarium has impressively handled over three million transactions in less than a month. This remarkable achievement suggests the network has garnered significant adoption relatively quickly.

Shibburn platform has reported that over the past 24 hours, the SHIB army has managed to achieve substantial progress in diminishing the circulating supply of Shiba Inu meme coins.