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Breaking News: Bitcoin Exchange Gemini Makes A Splash On Nasdaq Debut, Jumping Nearly 50%
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Breaking News: Bitcoin Exchange Gemini Makes A Splash On Nasdaq Debut, Jumping Nearly 50%

BONE Surges 14% As Shibarium Set To Launch This Week

Samuel Edyme
Samuel Edyme
1 year ago
3 mins read
BONE spikes 14%

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While the rest of the crypto market is still in a bewildered state, Shiba Inu’s BONE, a governance token for the upcoming Shibarium layer 2 blockchain, has surged by over 10% in the last 24 hours. 

The rally occurred after Shibarium developers announced earlier today the launch of the Shibarium blockchain later this week. 

BONE Surges 14% In 24 Hours

Over the past 24 hours, Shiba Inu’s BONE has spiked in price by 14.71%, as a result of the upcoming catalyst set to launch later this week. The token’s trading volume has surged from a low of $7.3 million seen on Tuesday to a high of $21.8 million, at the time of writing. 

Related Reading

Bone ShibaSwap (BONE) Spikes 20% In a Week: Here’s Why

Bone ShibaSwap (BONE) Spikes 20% In A Week – Here’s Why

1 year ago

Notably, the past few weeks haven’t been quite favorable for BONE, after its February high of $2.04. BONE has fallen by nearly 5% from the $2.04 price tag seen last month to a month low of $1.39 as of March 7. The BONE price chart still indicates a continuous rally which is projected to occur after the Shibarium beta launch this week.

BONE price chart on TradingView
BONE price looking to tap marked liquidity on the 4-hour chart. Source: BONE/USDT on TradingView

Looking at the BONE price chat, the token is looking to tap into external liquidity at $2.1 and $2.04. Despite BONE’s significant rally since the beginning of the year, it is still down 88% from its all-time high of $15.50 seen in July 2021. With the ongoing doubt in the crypto market among investors, it is still uncertain whether the Shibarium launch will be a good enough catalyst to drive BONE value beyond or closer to its peak.

Meanwhile, Shiba Inu (SHIB) is still suffering from the ubiquitous bearish trend in the crypto market. SHIB is currently down by 1.8% in the last 24 hours with a trading price of $0.00001092, at the time of writing. Over the past 7 days, SHIB’s market cap has fallen from $6.8 billion on March 1 to $5.9 billion as of March 8.

Related Reading

Shiba Inu price

Shiba Inu Jumps 4% As Lead Dev Answers ‘When Shibarium’

1 year ago

Shibarium To Launch This Week

On March 7, the Shiba Inu developers announced when the launch of the Shibarium beta phase is to take place. According to the Shiba Inu team, Shibarium will “launch this week.” Though the team did not reveal any exact date, they mentioned that the Shibarium documents which will contain all the necessary details are set to be released in the coming days. 

Notably, The beta phase will allow users to test run any features of the upcoming layer 2 network and report any problems to the team. Furthermore, the beta version will only be for testing and development purposes as users would not be able to make commercial transactions during the beta phase.

Featured image from Twitter – @Shibtoken, Chart from TradingView
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Samuel Edyme
Samuel Edyme

Samuel Edyme

Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others.

Read more

Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis.

Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events—like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ’s arrest—has honed his keen sense of market dynamics.

When he isn’t crafting engaging crypto content, you’ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he’s catching some Z’s or scrolling through Elon Musk’s very own X platform—(oops, another screen activity, my bad…)

Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters—(don’t judge, that’s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or “kaizen,” striving to be 1% better every day. His mantras, “God knows best” and “Everything is still on track,” reflect his resilient outlook and how he lives his life.

In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He’s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck—unflappable. Edyme is like trading in your car for a jet—bold. He’s the guy who’d ask his boss for a pay cut just to prove a point—(uhhh…). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent—okay, maybe that’s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps.

Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That’s just not the way he roll. He has these favorite lyrics from NF’s “Clouds” that resonate deeply with him: “What you think's probably unfeasible, I've done already a hundredfold.”

PS—Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He’s 100% Him-alayan. Screw it, he ate the opp.

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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

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