Chainlink (LINK) and Toncoin (TON) Struggle, While Panshibi (SHIBI) Gains Momentum

The cryptocurrency market appears to be in recovery mode after last week's downturn, but traders remain focused on securing entry positions for short-term profits. Some tokens, particularly those locked in the red, are prime targets for speculative rebounds.

The cryptocurrency market appears to be in recovery mode after last week’s downturn, but traders remain focused on securing entry positions for short-term profits. Some tokens, particularly those locked in the red, are prime targets for speculative rebounds.

Toncoin (TON) and Chainlink (LINK) fit this profile, as their recent lackluster performance has put traders on alert for a potential rebound. However, expectations that Toncoin price could reclaim its previous trade zone above $8 in 2025 and that LINK would sustain the momentum through March appear increasingly unlikely.

As a result, many investors are shifting smart money to new crypto projects with far greater upside potential like Panshibi (SHIBI). Panshibi (SHIBI)—a meme-inspired project that combines cultural significance with compelling utility and an ambitious roadmap. Let’s take a closer look.

Chainlink (LINK): More Downward Movements

Chainlink (LINK) bears remain in control as selling pressure continues to mount. Last week, LINK tanked 6.50%, and in the past 24 hours alone, the token has suffered additional losses of 4.14% taking LINK price to $18.66. Whales offloading their LINK holdings hasn’t helped matters, pushing Chainlink’s sloppy trajectory further downwards.

LINK price charts show there is a crucial demand zone between $14.27 and $16.55, aligning with past resistance levels and Fibonacci retracement zones. A potential rebound could occur for LINK if the buying pressure strengthens. However, even if a bounce occurs, Chainlink may lack sustained momentum, leading to further struggles for LINK trajectory as Q2 approaches.

Toncoin (TON): Strong Fundamentals, Weak Price Action

On Tuesday, TON—recognized as one of the most robust ecosystems— unveiled a partnership with the LayerZero protocol on its official X account. This collaboration is expected to enhance Toncoin’s scalability, allowing seamless asset transfers across different networks.

While the community is excited about this development the same cannot be said with TON’s recent price performance, which has been on a steady decline. Toncoin price shrank by 3.22% within the last 24 hours to trade at $3.69. The situation looks even bleaker on a larger time frame, with Toncoin price down 28.79% over the past 30 days.

Toncoin might be a project with long-term potential but hopes of Toncoin price trajectory revisiting the $8.0 threshold since mid-2024 have been quickly blown away, and some of its investors are switching to projects with both upside potential in the short-term and long-term.

Panshibi (SHIBI): A New Crypto With Massive Growth Potential

As Chainlink and Toncoin continue to struggle, Panshibi (SHIBI) is gaining momentum, and investors are taking notice. Inspired by the Panda, a revered symbol in Asian culture, Panshibi (SHIBI) is attracting a flood of investor interest thanks to its strategic mix of cultural identity, strong community, and explosive growth potential.

Panshibi also boasts a robust roadmap much like Toncoin. As a new crypto, one of the most important steps in its roadmap is getting listed on the biggest decentralized and centralized exchanges (DEXs and CEXs). Akin to how Chainlink enjoyed a massive rally after a major listing, SHIBI could do even better.

Much like Toncoin’s strategic partnerships, Panshibi (SHIBI) is also looking to forge impactful collaborations. However, while Toncoin is focused on blockchain interoperability, SHIBI is directing its efforts toward global panda conservation efforts. By tying its mission to a real-world cause, SHIBI strengthens its appeal among investors and other market participants.

With the SHIBI presale still ongoing at $0.004 per token and 40 days remaining, early investors have an opportunity to exploit this new crypto before it explodes in value.

Telegram: https://t.me/panshibi

Twitter: https://x.com/panshibi_

Website: https://panshibi.com