Chainlink, Shiba & Ripple — Asian Wrap 07 August


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Chainlink, a web3 services platform token is likely to witness a rally with the increase in activity on the CCIP testnet. Testing of different digital coin transactions is fueling activity on the testnet. LINK price is in an uptrend since its June low, the altcoin is trading at $7.133 on Binance.

Shiba Inu, the second-largest meme coin in the crypto ecosystem, is currently rallying in response to bullish catalysts. SHIB developers recently announced the launch of a blockchain based identity system.

Attorney John Deaton, who signed up as amicus in the Securities and Exchange Commission’s (SEC) lawsuit against Ripple, believes XRP price could hit its all-time high. Deaton argues that it would require a Bitcoin bull market for XRP price to rally to a new peak.

 

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