BONE logged gains of more than 18% in the week-to-date period. Despite BONE’s growth, most indicators were pessimistic about SHIB’s outlook. BoneShibaSwap [BONE] has become the newest star in the Shiba Inu [SHIB] ecosystem. The coin was one of the best-performing cryptos in the market over the last week. At the time of writing, it […]
Despite BONE’s growth, most indicators were pessimistic about SHIB’s outlook.has become the newest star in the Shiba Inu [SHIB] ecosystem. The coin was one of the best-performing cryptos in the market over the last week.
BONE will be at the center of the upcoming Shibarium ecosystem as it will be a utility token on the Ethereum layer-2 protocol. All the gas fees on the protocol will be paid using the BONE token. According to data from Santiment, BONE’s network growth spiked after the Shibarium beta announcement was made public. This indicated that new users showed interest in the prospects of BONE.
Interestingly, BONE holders bathed in profits. The daily transaction volume in profits soared 175% over the past four days. The 30-day MVRV Ratio was positive indicating that most holders would earn a profit on their sales.
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