DailyCoin
Published Oct 24, 2022 02:00PM ET
Updated Oct 24, 2022 03:00PM ET
Shiba Inu’s (SHIB) Bone ShibaSwap (BONE) Grows 10% as Shibarium Nears
Despite the canine cryptocurrency Shiba Inu (SHIB) dangerously floating slightly above the resistance line at $0.00001, the gas fee token of the SHIB Ecosystem, Bone ShibaSwap (BONE) had a brilliant week with 10.1% gains in the last seven days.
While Shibarium, the Layer-2 solution for SHIB is still in testing phase, the TOP 100 Ethereum (ETH) whales have a broad interest in BONE. This is likely due to the fact that the SHIB Army on Twitter is constantly trending with requests for Binance, Robinhood (NASDAQ:HOOD), Coinbase (NASDAQ:COIN) and other popular crypto exchanges to list the Shibarium governance token.
The only coin in the market that whales are behind right now is $boneDon’t miss the train #ShibaArmy #shibarium will be out sooner or later.. place your bets or wait and watch the matchh2 BONE’s Next Goal/h2
— CryptoKing (@MrCryptoBullish) October 23, 2022
The 152th-ranked BONE’s next target is $1, according to popular crypto influencers on Twitter. Besides, SHIB’s delicacy token is trending on DexTools with a favorable green candle. This green candle confirms significantly increased trading activity.
At press time, BONE is priced at $0.980311, according to CoinGecko. Growing 0.9% in the last 24 hours, BONE recorded eight days in the green. Further on, the potential Robinhood listing could be the gamechanger for BONE.
Let @RobinhoodApp know we want $BONE everyone!We are #SHIBARMYSTRONG https://t.co/ShYCbYiA8Eh2 Red-Hot SHIB Burn Rate Catapults 3,359%/h2— Ellen B (@BeishuizenEllen) October 21, 2022
Another card up BONE’s sleeve is the drastically increased SHIB burning activity, which recorded a juicy 3,359% increase in one day. According to Shibburn, the official SHIB burn portal, there were 45 million SHIB tokens set aflame in the last 24 hours alone.
Ultimately, the blazing up SHIB tokens pays off for the whole SHIB Ecosystem. Besides, the turning point for its impact could be the SB Visa (NYSE:V) Card with integrated SHIB and BONE burning, which was announced earlier this year.
In the past 24 hours, there have been a total of 45,165,582 $SHIB tokens burned and 6 transactions. Visit https://t.co/t0eRMnhnPL to view the overall total of #SHIB tokens burned, circulating supply, and more. #shibarmyh2 On the Flipside/h2— Shibburn (@shibburn) October 24, 2022
With huge interest from Ethereum’s (ETH) TOP 100 whales, both SHIB and BONE have great potential to lead the memecoin race.
Read about Shiba Inu’s (SHIB) recent milestones:
Shiba Inu (SHIB) Gets Accepted by Google (NASDAQ:GOOGL) Cloud via Coinbase Commerce
Shiba Inu (SHIB) Becomes Top Traded Crypto in India – Here’s Why
See original on DailyCoin
Written By: DailyCoin
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.