Can Parody Coin (PARO) and Shiba Inu (SHIB) Emulate Chainlink (LINK)?

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Chainlink is one of the most followed networks in the DeFi space. We could attribute part of the reasons to the protocols it powers, especially blockchain oracles. Chainlink’s success has led to massive hodling of its native and energy token, $LINK.

In this article, we’ll dive into two other cryptos — one you may already know and a newcomer to the DeFi space — emulating Chainlink’s token, $LINK, to generate a potentially high return on investment (ROI) for investors. They include Shiba Inu (SHIB) and Parody Coin (PARO). See more below!

The Chainlink network is famous for powering blockchain oracles. This offering is a unique one — scarce in the DeFi space. Similar protocols like Chainlink include WINKlink, Band Protocol, and API3 — none of whose crypto even makes the top 50 cryptocurrencies in the world.

$LINK, the native currency powering transactions, governance, and other protocols on Chainlink, is a top investor choice and store of value.

$LINK’s price shows it could be a good investment for long-term investors because it continues to power more protocols and approve partnerships that promote Chainlink’s ecosystem the more.

A recent partnership with Dolce & Gabbana will welcome Chainlink to the fashion space. Chainlink also powers many other smart contract-run protocols, including investment platforms in real estate, DEX, yield farming, etc.

Adding to the abovementioned facts, $LINK is a deflationary coin and has the potential to appreciate in worth over time. Investors should, however, beware of the high volatility of cryptocurrencies if they wish to invest quarterly or in the short term.

Shiba Inu (SHIB) is a meme token