{"id":549012,"date":"2023-08-26T20:00:03","date_gmt":"2023-08-26T20:00:03","guid":{"rendered":"https:\/\/wncen.com\/?p=549012"},"modified":"2024-06-11T07:35:51","modified_gmt":"2024-06-11T07:35:51","slug":"shibarium-shiba-inu-bone","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/shiba-inu-coin\/shibarium-shiba-inu-bone\/","title":{"rendered":"Shibarium Launch Proves Positive As Shiba Inu-Based BONE Celebrates New Milestone"},"content":{"rendered":"

Following its temporary shutdown, Shibarium has made a comeback and relaunched. This release of the layer 2 blockchain has pushed the BONE price upwards, recording new milestones for the token.\u00a0<\/span><\/p>\n

Shibarium Relaunch Ignites Bullish Trend For BONE<\/h2>\n

Bone Shibaswap (BONE) has recorded a massive price increase of about 17% in the last 24 hours after Shibarium made an official relaunch and became open to the public on Thursday, August 24. The number of BONE addresses has also increased to 90,151 while <\/span>SHIB burn rates are running high.<\/span><\/a><\/p>\n

Related Reading: Exodus Of 30,000 BTC To Cold Wallets Spells Good News For Bitcoin Price<\/a><\/div>\n

Currently, the BONE token is valued at $1.40 with a 24-hour trading volume of over $11 million, according to CoinMarketCap. The shift in the price has also proved fortunate for a majority of BONE token holders.\u00a0<\/span><\/p>\n

Reports<\/span><\/a> reveal that 68% of BONE holders are in a very profitable position and are likely to reap massive gains. In contrast, 19% are currently in the red, struggling with some losses. The remaining 13% of BONE holders have found themselves at a point of stability, experiencing no profits or losses.\u00a0<\/span><\/p>\n

\"BONE<\/p>\n

68% of holders sitting in profit | Source: IntoTheBlock<\/pre>\n
Shibarium\u2019s Lead Developer, Shytoshi Kusama had previously described plans of adding new features and tweaks to prevent another suspension. He also stated that the Shiba Inu team plans to integrate a <\/span>Self-Sovereign Identity (SSI) into Shibarium<\/span><\/a>.\u00a0<\/span><\/p>\n
Additionally, he said that the recently launched layer 2 blockchain has finally achieved a state of stability, ensuring users gain all the benefits of the mainnet including more options for BONE staking.\u00a0<\/span><\/p>\n
\u201cAfter two days of testing and tweaking parameters to achieve a \u2018ready\u2019 state, Shibarium is now enhanced and optimized. Additional validators will go live, giving even more options for you to stake your BONE,\u201d Kusama said.<\/span><\/p>\n
SHIB Community Embraces Shibarium Relaunch And Modifications<\/h2>\n
The SHIB army has been anticipating Shibarium\u2019s release after the Ethereum layer 2 solution got off to a rocky start. The Shibarium mainnet halted its operations after its first launch and has been undergoing reconfigurations and testing to bolster its network.\u00a0<\/span><\/p>\n
According to developers, the reason for the network\u2019s suspension was due to the high traffic and overwhelming increase in adoption, with over 10 million new wallets registered on the platform.<\/span><\/p>\n
However, <\/span>Kusama had reassured<\/span><\/a> the SHIB community, stating that the mainnet was only going through a few tweaks and would <\/span>be up and running soon<\/span><\/a>, stronger than it was in its previous release.\u00a0<\/span><\/p>\n
Shiba Inu\u2019s price performance also declined slightly<\/span><\/a> following Shibarium\u2019s temporary shutdown. But the cryptocurrency is on a recovery trend presently and growing to be one of the trendiest meme coins in the crypto space.\u00a0<\/span><\/p>\n
Related Reading: Shiba Inu Whale Buys 708 Billion SHIB, Sparks Speculation Of Price Recovery<\/a><\/div>\n
The recent relaunch has pushed active addresses in the Shibarium mainnet to over 50,000 and this figure is expected to continue to rise. Lead developer Kusama has also vowed to increase the layer 2 network\u2019s capacity by 1,500%, improving its safety, decentralization, and solidity.\u00a0<\/span><\/p>\n
Recently, Shiba Inu has been making new strides in the crypto space, expanding into new geographical regions to facilitate better adoption. The meme coin is now <\/span>available to Brazilian merchants <\/span><\/a>through Binance Pay, a cryptocurrency payment technology supported by the Binance exchange.<\/span><\/p>\n
\"BONE<\/p>\n
Token price ranging at $1.3 following new milestone | Source: BONEUSDT on Tradingview.com<\/a><\/pre>\n
Featured image from BSC News, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Following its temporary shutdown, Shibarium has made a comeback and relaunched. This release of the layer 2 blockchain has pushed the BONE price upwards, recording new milestones for the token.\u00a0 Shibarium Relaunch Ignites Bullish Trend For BONE Bone Shibaswap (BONE) has recorded a massive price increase of about 17% in the last 24 hours after Shibarium made an official relaunch and became open to the public on Thursday, August 24. The number of BONE addresses has also increased to 90,151 while SHIB burn rates are running high. Related Reading: Exodus Of 30,000 BTC To Cold Wallets Spells Good News For Bitcoin Price Currently, the BONE token is valued at $1.40 with a 24-hour trading volume of over $11 million, according to CoinMarketCap. The shift in the price has also proved fortunate for a majority of BONE token holders.\u00a0 Reports reveal that 68% of BONE holders are in a very profitable position and are likely to reap massive gains. In contrast, 19% are currently in the red, struggling with some losses. The remaining 13% of BONE holders have found themselves at a point of stability, experiencing no profits or losses.\u00a0 68% of holders sitting in profit | Source: IntoTheBlock Shibarium\u2019s Lead Developer, Shytoshi Kusama had previously described plans of adding new features and tweaks to prevent another suspension. He also stated that the Shiba Inu team plans to integrate a Self-Sovereign Identity (SSI) into Shibarium.\u00a0 Additionally, he said that the recently launched layer 2 blockchain has finally achieved a state of stability, ensuring users gain all the benefits of the mainnet including more options for BONE staking.\u00a0 \u201cAfter two days of testing and tweaking parameters to achieve a \u2018ready\u2019 state, Shibarium is now enhanced and optimized. Additional validators will go live, giving even more options for you to stake your BONE,\u201d Kusama said. SHIB Community Embraces Shibarium Relaunch And Modifications The SHIB army has been anticipating Shibarium\u2019s release after the Ethereum layer 2 solution got off to a rocky start. The Shibarium mainnet halted its operations after its first launch and has been undergoing reconfigurations and testing to bolster its network.\u00a0 According to developers, the reason for the network\u2019s suspension was due to the high traffic and overwhelming increase in adoption, with over 10 million new wallets registered on the platform. However, Kusama had reassured the SHIB community, stating that the mainnet was only going through a few tweaks and would be up and running soon, stronger than it was in its previous release.\u00a0 Shiba Inu\u2019s price performance also declined slightly following Shibarium\u2019s temporary shutdown. But the cryptocurrency is on a recovery trend presently and growing to be one of the trendiest meme coins in the crypto space.\u00a0 Related Reading: Shiba Inu Whale Buys 708 Billion SHIB, Sparks Speculation Of Price Recovery The recent relaunch has pushed active addresses in the Shibarium mainnet to over 50,000 and this figure is expected to continue to rise. Lead developer Kusama has also vowed to increase the layer 2 network\u2019s capacity by 1,500%, improving its safety, decentralization, and solidity.\u00a0 Recently, Shiba Inu has been making new strides in the crypto space, expanding into new geographical regions to facilitate better adoption. The meme coin is now available to Brazilian merchants through Binance Pay, a cryptocurrency payment technology supported by the Binance exchange. Token price ranging at $1.3 following new milestone | Source: BONEUSDT on Tradingview.com Featured image from BSC News, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":549014,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[92559],"tags":[86713,86715,88155,83668,89178,83667,87680,84562],"class_list":["post-549012","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shiba-inu-coin","tag-bone","tag-bone-price","tag-bone-shibaswap","tag-shib","tag-shib-news","tag-shiba-inu","tag-shibarium","tag-shibusd"],"acf":[],"yoast_head":"\nShibarium Launch Proves Positive As Shiba Inu-Based BONE Celebrates New Milestone<\/title>\n<meta name=\"description\" content=\"The release of the layer 2 blockchain Shibarium has pushed the BONE price upwards, recording new 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. 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