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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Bone ShibaSwap Among Weekend 100 Biggest Hitters With 25% Rally

Christian Encila
Christian Encila
1 year ago
3 mins read
BONE

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The cryptocurrency market is currently growing in a variety of ways, but the Shiba Inu (SHIB) ecosystem’s tokens are currently noticeably on a positive run. Bone ShibaSwap (BONE), one of the leading tokens in the meme coin ecosystem, is on a clear uptrend, rising as much as 5.6% in the previous day to $1.74. The coin has increased by more than 25% over the last week as a result of the ecosystem’s overall buzz.

The price of Bone Shibaswap has made a significant recovery in recent months. After soaring to a high of $1.7410, the highest point since March, it exceeded several of the initially pessimistic expectations.

BONE price all in green in the weekend chart. TradingView.com

BONE Showing Solid Performance

While the price of Bitcoin and Ethereum has stabilized, the BONE cryptocurrency has increased by more than 130% since its June lows.

The anticipation stems from the belief that the upcoming August mainnet release of Shibarium will mark the beginning of a transformative era.

Ever since the launch timeline was disclosed earlier, members of the community have been attributing special significance to this event, particularly emphasizing the role of BONE.

BONEUSD trading at $1.74 on the weekly chart: TradingView.com

This enthusiasm is fueled by the potential impact of Shibarium’s launch on the overall landscape and the specific importance of BONE within this context.

The idea of a crypto exchange is among the most crucial ones in the field of crypto. Because cryptocurrencies don’t have an inherent worth, having a market where they may be purchased, sold, or traded aids in determining their price.

Related Reading

XRP

XRP Performance Woes: How Might Its Price Respond To Current Market Realities?

1 year ago

To address possible problems with conventional, centralized exchanges (CEXes), decentralized exchanges, or DEXes, were developed. People can trade any cryptocurrency they want for any cryptocurrency they want at a price determined by the market, rather than being restricted to what a centralized authority says can and cannot be listed.

Source: CoinMarketCap

ShibaSwap is one of many decentralized exchanges available and is built on the Ethereum (ETH) network. The Bone ShibaSwap (BONE) crypto token serves as its backbone. It was established in 2021 by the team behind the Shiba Inu (SHIB) cryptocurrency.

Shibarium Launch Boosts Token’s Price

The impending arrival of Shibarium is the main reason why Bone Shibaswap is so high. To begin with, Shibarium is a forthcoming layer 2 network that aims to alter how Shiba Inu and ShibaSwap operate.

Related Reading

BALD

All Hype? BALD Meme Coin’s Volume Shaved By 96%

1 year ago

Meanwhile, in the last week, BONE outpaced the top performers in the market, including Bitcoin (BTC) and Ethereum (ETH). For the first time in nearly five months, the asset has broken above $1.6 thanks to the latest climb.

(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).

Featured image from Coinlib

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Christian Encila
Christian Encila

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Read more

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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