Cryptocurrencies Price Prediction: MATIC, Chainlink & Shiba Inu – American Wrap 31 May
Shiba Inu price drops to three-month lows amid community conflicts
Shiba Inu (SHIB) price is trading with a bearish bias as bulls continue to lose ground to the bears. It appears the token burns are not achieving the expected result, given that the meme coin has recorded massive losses since the year started, with more to come as sellers continue to dominate the market. SHIB could soon hit rock bottom before a pullback, although it should not be a surprise if the dog-themed token records another all-time low.
Chainlink price is following the broader market cues like many of the other altcoins in the market. However, one distinct factor of this cryptocurrency network is that the ratio of investors at a loss is far higher than those in profits, making a recovery more crucial for LINK.
Polygon, Ethereum’s largest Layer-2 scaling solution, entered a partnership with Deutsche Telekom, a telecommunications giant. The firm joined the Polygon ecosystem as a validator.
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