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Chainlink’s path to resurgence may lie in embracing meme coin launches like Panshibi, which is growing significantly.
Testing meme launches like Panshibi
When cryptocurrency debuted with Bitcoin in 2009, it took a while for investors to catch on, which was understandable considering the novelty of the idea. Today, the cryptocurrency market is worth well over $3.5 trillion. However, the growth hasn’t stopped market stalwarts like Chainlink from falling behind due to market volatility. This week alone, Chainlink hit a 13.7% decline.
However, analysts think focusing on transformative meme coins like Panshibi could help LINK regain its footing, just like it did with Solana. Panshibi has been raising dust in its ongoing presale, which sold out a stage within two days.