{"id":520386,"date":"2023-02-21T10:10:53","date_gmt":"2023-02-21T10:10:53","guid":{"rendered":"https:\/\/wncen.com\/?p=520386"},"modified":"2024-06-11T07:47:44","modified_gmt":"2024-06-11T07:47:44","slug":"shiba-inu-based-bone-up-34-in-one-week","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/shiba-inu-coin\/shiba-inu-based-bone-up-34-in-one-week\/","title":{"rendered":"Shiba Inu Based BONE Up 34% In One Week, Too Late To Buy?"},"content":{"rendered":"
The launch of the beta version of Shibarium, the layer-2 network if Shiba Inu,\u00a0is getting closer and closer. As NewsBTC reported<\/a>, lead developer Shytoshi Kusama published a blog post yesterday in which he informed about the upcoming steps before the launch.<\/p>\n What is clear at the moment is that Shibarium will be released before May 2023, although there are rumors<\/a> that the launch could be completed much sooner, possibly within the next week. And the Shiba Inu-based Bone ShibaSwap (BONE) token is significantly outperforming SHIB over the past week in anticipation of that.<\/p>\n While BONE is up about 10% in the last 24 hours and 34% over the last seven days, SHIB is down 2% on the day, up roughly 8% over the last week.<\/p>\n With its recent strong performance, BONE has even entered the top 100 cryptocurrencies by market cap. With a total market capitalization of $426.8 million, BONE is currently ranking 98th. But what’s the reason?<\/p>\n First and foremost, the already suspected launch of Shibarium seems to be a key driver of BONE’s price rally. BONE will play a pivotal role in Shibarium and for the Shiba Inu ecosystem in general.<\/p>\n The BONE token will have a number of use cases once the layer-2 blockchain is deployed. The Twitter account “BoneShibaSwap,” popular in the Shiba Inu community, wrote<\/a>:<\/p>\n The most important topics for everyone!<\/strong> The backdrop is that BONE will be the only governance token of the layer-2 technology. On February 16, the Unification team released the first BONE proposal, which also started BONE’s price rally.<\/p>\nWhy Does BONE Outperform Shiba Inu?<\/h2>\n
\n1. It has been confirmed that Shibarium Beta will be released next week<\/strong>
\n2. Over a million Shiba holders will buy Bone for very low fees and burn Shib with every transaction.<\/strong>
\n3. You will need Bone for everything in the SHIB ecosystem<\/strong><\/p><\/blockquote>\n