{"id":521076,"date":"2023-02-26T13:44:58","date_gmt":"2023-02-26T13:44:58","guid":{"rendered":"https:\/\/wncen.com\/?p=521076"},"modified":"2024-06-11T07:47:02","modified_gmt":"2024-06-11T07:47:02","slug":"bone-shibaswap-bone-spikes-20-in-a-week-heres-why","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/shiba-inu-coin\/bone-shibaswap-bone-spikes-20-in-a-week-heres-why\/","title":{"rendered":"Bone ShibaSwap (BONE) Spikes 20% In A Week &#8211; Here\u2019s Why"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Shiba Inu ecosystem token BONE has experienced a price surge of 20% making it one of the best-performing altcoins in the past week. This starkly contrasts the crypto market, which experienced a significant consolidation during this period.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">BONE has benefited from a few developments in recent weeks. This includes the impending launch of layer-two blockchain Shibarium and recent listings on top exchanges.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Shibarium Announcement Sparks Bone Price Rally\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Shibarium is the much-hyped layer-2 blockchain touted as a game-changer for the Shiba Inu ecosystem. Since the announcement of its development in 2022, there has been great anticipation for its launch.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Shiba Inu\u2019s main developer, known as Shytoshi Kusama, recently validated rumors by YouTuber <a href=\"https:\/\/twitter.com\/Yourpop8\/status\/27345664\" rel=\"nofollow\">YourPop8<\/a> about Shibarium. The latter had said on February 18 that the beta version of Shibarium would be released the following week.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The ShibArmy Canada Twitter account had initially dismissed YourPop8 notion by stating that a YouTuber won\u2019t announce the release. But Kusama <a href=\"https:\/\/twitter.com\/ShytoshiKusama\/status\/16565504\" rel=\"nofollow\">replied<\/a> to the post by saying \u2018\u2019when he is right, you owe him an apology.&#8221;\u00a0<\/span><\/p>\n<p><b>Related Reading:<\/b> <a href=\"https:\/\/wncen.com\/shiba-inu\/shiba-inu-based-bone-poised-for-new-all-time-high\/\"><span style=\"font-weight: 400\">Shiba Inu Based BONE Poised For New All-Time High? Here\u2019s Why<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400\">Unsurprisingly, Kusama\u2019s comment has led to optimism in the Shiba Inu ecosystem. Buoyed by this, BONE went from $1.46 to a weekly high of $2.10. Its price subsequently corrected, and it fell as low as $1.83. However, at the time of writing, BONE is back on a bullish trend and is up 20% over the last seven days.\u00a0<\/span><\/p>\n<figure id=\"attachment_219286\" aria-describedby=\"caption-attachment-219286\" style=\"width: 640px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-219286\" src=\"https:\/\/i0.wp.com\/bitcoinist.com\/wp-content\/uploads\/2023\/02\/BONE_1676_graph_coinmarketcap.png?resize=640%2C276&#038;ssl=1\" alt=\"BONE price in the last 7 days. Source: CoinMarketCap .\" width=\"640\" height=\"276\"><figcaption id=\"caption-attachment-219286\" class=\"wp-caption-text\">BONE price in the last 7 days. Source: <a href=\"https:\/\/coinmarketcap.com\/currencies\/bone-shibaswap\/\" rel=\"nofollow\">CoinMarketCap<\/a>.<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">Apart from Kusama\u2019s comments, BONE has also experienced a wave of listings on exchanges. Earlier in the week, Gate.io announced it would support Bone ShibaSwap with the trading pair BONE\/USDT. This is viewed as a positive move as the exchange has over 10 million registered users.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">It is common for tokens to experience price surges following listing on a popular exchange. BONE followed suit as the token experience a price spike of 6% following the announcement.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Bone is not yet listed on Binance and Coinbase, the two largest exchanges in the world. There\u2019s a growing expectation that the launch of Shibarum will bring about listings from notable exchanges in the future.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400\">What&#8217;s The Hype Behind Shibarium?<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Many crypto enthusiasts have pushed Shibarium as a significant development for good reasons. Shiba Inu has developed into a decentralized ecosystem of products built on the Ethereum blockchain.\u00a0<\/span><\/p>\n<p><b>Related Reading:<\/b> <a href=\"https:\/\/wncen.com\/news\/why-blockchain-and-crypto-vc-funding-is-down-in-q4-according-to-this-report\/?swcfpc=1\"><span style=\"font-weight: 400\">Why Blockchain And Crypto VC Funding Is Down In Q4, According To This Report<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400\">Ethereum blockchain is often congested, and the switch to Proof-of-Stake has still not solved the problems of gas fees. Shibarium is being developed as a cheaper and more scalable alternative to the Ethereum blockchain.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">It is a layer-2 blockchain built on Ethereum, similar to Polygon and Arbitrium. Shibarium will be used by Shiba Inu products and other applications that want to develop on this new network. BONE, as Shibarium\u2019s native token, will be used to pay commissions to validators similar to ETH on the Ethereum network. <\/span><span style=\"font-weight: 400\">For now, BONE, like SHIB, are ERC-20 tokens, and when Shibarium launches, they\u2019ll also have a version on its network.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<figure id=\"attachment_219289\" aria-describedby=\"caption-attachment-219289\" style=\"width: 640px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-219289\" src=\"https:\/\/i0.wp.com\/bitcoinist.com\/wp-content\/uploads\/2023\/02\/BONEUSD_2023-02-26_12-03-39.png?resize=640%2C283&#038;ssl=1\" alt=\"BONE price trend set to test $2 resistance level @source TradingView.com \" width=\"640\" height=\"283\"><figcaption id=\"caption-attachment-219289\" class=\"wp-caption-text\">BONE price trend set to test $2 resistance level @source <a href=\"https:\/\/www.tradingview.com\/chart\/0HXdyPSp\/?symbol=BITSTAMP%3ABTCUSD\" rel=\"nofollow\">TradingView.com<\/a><\/figcaption><\/figure>\n<p><em>Featured Image from Coingecko.com, charts from Coinmarketcap.com and Tradingview.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shiba Inu ecosystem token BONE has experienced a price surge of 20% making it one of the best-performing altcoins in the past week. This starkly contrasts the crypto market, which experienced a significant consolidation during this period.\u00a0 BONE has benefited from a few developments in recent weeks. This includes the impending launch of layer-two blockchain Shibarium and recent listings on top exchanges.\u00a0 Shibarium Announcement Sparks Bone Price Rally\u00a0 Shibarium is the much-hyped layer-2 blockchain touted as a game-changer for the Shiba Inu ecosystem. Since the announcement of its development in 2022, there has been great anticipation for its launch.\u00a0 Shiba Inu\u2019s main developer, known as Shytoshi Kusama, recently validated rumors by YouTuber YourPop8 about Shibarium. The latter had said on February 18 that the beta version of Shibarium would be released the following week.\u00a0 The ShibArmy Canada Twitter account had initially dismissed YourPop8 notion by stating that a YouTuber won\u2019t announce the release. But Kusama replied to the post by saying \u2018\u2019when he is right, you owe him an apology.&#8221;\u00a0 Related Reading: Shiba Inu Based BONE Poised For New All-Time High? Here\u2019s Why Unsurprisingly, Kusama\u2019s comment has led to optimism in the Shiba Inu ecosystem. Buoyed by this, BONE went from $1.46 to a weekly high of $2.10. Its price subsequently corrected, and it fell as low as $1.83. However, at the time of writing, BONE is back on a bullish trend and is up 20% over the last seven days.\u00a0 Apart from Kusama\u2019s comments, BONE has also experienced a wave of listings on exchanges. Earlier in the week, Gate.io announced it would support Bone ShibaSwap with the trading pair BONE\/USDT. This is viewed as a positive move as the exchange has over 10 million registered users.\u00a0 It is common for tokens to experience price surges following listing on a popular exchange. BONE followed suit as the token experience a price spike of 6% following the announcement.\u00a0 Bone is not yet listed on Binance and Coinbase, the two largest exchanges in the world. There\u2019s a growing expectation that the launch of Shibarum will bring about listings from notable exchanges in the future.\u00a0 What&#8217;s The Hype Behind Shibarium? Many crypto enthusiasts have pushed Shibarium as a significant development for good reasons. Shiba Inu has developed into a decentralized ecosystem of products built on the Ethereum blockchain.\u00a0 Related Reading: Why Blockchain And Crypto VC Funding Is Down In Q4, According To This Report Ethereum blockchain is often congested, and the switch to Proof-of-Stake has still not solved the problems of gas fees. Shibarium is being developed as a cheaper and more scalable alternative to the Ethereum blockchain.\u00a0 It is a layer-2 blockchain built on Ethereum, similar to Polygon and Arbitrium. Shibarium will be used by Shiba Inu products and other applications that want to develop on this new network. BONE, as Shibarium\u2019s native token, will be used to pay commissions to validators similar to ETH on the Ethereum network. For now, BONE, like SHIB, are ERC-20 tokens, and when Shibarium launches, they\u2019ll also have a version on its network.\u00a0 &nbsp; Featured Image from Coingecko.com, charts from Coinmarketcap.com and Tradingview.com<\/p>\n","protected":false},"author":585,"featured_media":521077,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,83740,92559],"tags":[86713,83668,86714,87680],"class_list":["post-521076","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-shiba-inu","category-shiba-inu-coin","tag-bone","tag-shib","tag-shiba-inu-bone","tag-shibarium"],"acf":[],"yoast_head":"\n<title>Bone ShibaSwap (BONE) Spikes 20% In A Week - Here\u2019s Why<\/title>\n<meta name=\"description\" content=\"Shiba Inu ecosystem token BONE has experienced a price surge of 20% making it one of the best-performing altcoins in the past week. 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