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Cryptocurrency News Articles

Remittix (RTX) Is Transforming Cross-Border Payments with Its Innovative Crypto-to-Fiat Solutions; Shiba Inu (SHIB) Is Growing Its Ecosystem Utilizing a Novel Cooperation with Chainlink

Dec 28, 2024 at 07:00 pm

Could Shiba Inu’s stretching the boundaries of cross-chain capability and Remittix’s transforming the $250 trillion cross-border payment market spark a fresh surge of positive momentum?

Remittix (RTX) Is Transforming Cross-Border Payments with Its Innovative Crypto-to-Fiat Solutions; Shiba Inu (SHIB) Is Growing Its Ecosystem Utilizing a Novel Cooperation with Chainlink

Shiba Inu (SHIB) and Remittix (RTX) are making waves in the crypto world with their latest endeavors. While SHIB is expanding the boundaries of cross-chain capability, Remittix is transforming the $250 trillion cross-border payment market with its innovative crypto-to-fiat solutions. Both initiatives have the potential to spark a fresh surge of positive momentum in their respective markets, which could have significant implications for investors.

Shiba Inu (SHIB) is well-known for its community-driven ecosystem, and its latest partnership with Chainlink is sure to further enhance its capabilities. Together, they will be integrating the Cross-Chain Interoperability Protocol (CCIP) into Shibarium, Shiba Inu's layer-2 scaling solution.

This integration will also see the implementation of the Cross-Chain Token (CCT) standard, enabling SHIB, BONE, and LEASH to seamlessly function across twelve different blockchains. A burn-and-mint mechanism will facilitate cross-chain token transfers from Ethereum to other networks and vice versa.

As a decentralized blockchain oracle network, Chainlink plays a crucial role in enabling secure and reliable communication between blockchains. This partnership will essentially allow the meme coin to 'speak the language' of other major protocols. Tokens can be burned on one chain and then minted on another, opening up a whole new world of possibilities for mass adoption.

Shiba Inu (SHIB) has been making headlines recently with its impressive price performance and the community's enthusiasm for the upcoming Shibarium launch. The meme coin is currently trading at $0.000024, down more than 10% over the past week but up around 10% over the past month. Despite the recent downturn in the crypto market, SHIB has managed to hold up relatively well, thanks in part to the community's positive sentiment and the token’s encouraging updates.

Shiba Inu is ranked 14th on CoinMarketCap, with a live market cap of $13,188,206,249. Past performance is no guarantee of future results, and readers are advised to conduct their own due diligence before making any cryptocurrency-related investment decision.

Shiba Inu price chart on Binance for the past 3 months. Source: TradingView

Shiba Inu (SHIB) price has dropped significantly over the past week, losing 10% of its value and bouncing off the $0.000019 support zone. The altcoin has also charted a 10% drop in the past month, reflecting a bearish trend.

However, the community sentiment is quite positive because of the token’s encouraging updates and the more general appeal of its ecosystem, which could be signaling a potential rally. On the other hand, technical indicators are mixed, with the Momentum Oscillator and CCI highlighting caution with sell warnings, while the MACD and MAs are indicating possible buying prospects.

Shiba Inu (SHIB) and Remittix (RTX) are making waves in the crypto world with their latest endeavors. While SHIB is expanding the boundaries of cross-chain capability, Remittix is transforming the $250 trillion cross-border payment market with its innovative crypto-to-fiat solutions. Both initiatives have the potential to spark a fresh surge of positive momentum in their respective markets, which could have significant implications for investors.

Shiba Inu (SHIB) is well-known for its community-driven ecosystem, and its latest partnership with Chainlink is sure to further enhance its capabilities. Together, they will be integrating the Cross-Chain Interoperability Protocol (CCIP) into Shibarium, Shiba Inu's layer-2 scaling solution.

This integration will also see the implementation of the Cross-Chain Token (CCT) standard, enabling SHIB, BONE, and LEASH to seamlessly function across twelve different blockchains. A burn-and-mint mechanism will facilitate cross-chain token transfers from Ethereum to other networks and vice versa.

Shiba Inu (SHIB) is ranked 14th on CoinMarketCap, with a live market cap of $13,188,206,249. Past performance is no guarantee of future results, and readers are advised to conduct their own due diligence before making any cryptocurrency-related investment decision.

Shiba Inu price chart on Binance for the past 3 months. Source: TradingView

Shiba Inu (SHIB) price has dropped notably over the past week, losing 10% of its value and bouncing off the $0.000019 support zone. The altcoin has also charted a 10% drop in the past month, reflecting a bearish trend.

However, the community sentiment is quite positive because of the token’s encouraging updates and the more general appeal of its ecosystem, which could be signaling a potential rally. On the other hand, technical

News source:bravenewcoin.com

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Other articles published on Dec 29, 2024