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Chainlink’s path to resurgence may lie in embracing meme coin launches like Panshibi, which is growing significantly.
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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.
What 2025 holds for Chainlink amid struggles
In 2023, Chainlink emerged alongside Solana as a market leader with bullish runs that thrilled investors worldwide. However, LINK suffered a painful nosedive for the better part of 2024 and lost a chunk of its momentum. In a dramatic twist of fate, it managed a surprising upsurge of 200% in November and then reverted to record lows in December. Many experts described the December debacle as a wipeout of its short-lived gains and a complete antithesis to its 2023 run.
Nonetheless, LINK started 2025 with a somewhat bullish run, and experts are optimistic about a possible return to form. Some inconsistencies in the past few weeks have, however, dampened investor confidence, with many unsure about the direction of the troubled token. Chainlink currently trades at $20.46, and while there have been improvements, it’s still a far cry from its peak. The Chainlink team, as expected, is devising optimal strategies to help guarantee stability and keep it on an upward trend for 2025.