[ad_1]
The Shiba Inu ecosystem token, BONE, has emerged as one of the best performing altcoins on the crypto market. The token, a relatively new player in the crypto world, has seen a significant increase of 25% in the last 24 hours.
The spike in prices is even more impressive, given that most of the market has been consolidating and struggling to find solid footing.
The impressive increase in the price of the token is coupled with an equally impressive increase in its trading volume, which has jumped by 750% in the same period.
The InvestorsObserver Sentiment Score, a reliable indicator of cryptocurrency performance, has given Bone ShibaSwap a Bullish rating for the last five days based on volume and price movement.
The rise in token value has attracted significant attention. According to CoinMarketCap data, the token is currently trading at $1.81, a sizeable increase from its low of $1.39 just a day ago.
Moreover, an upward trend has been seen over the past week, with the token increasing in value by almost 8%. The token market capitalization also rose by 26.06%.
Factors Driving Bone Prices
It seems that the reason behind this unprecedented spike can be linked to the recent one announcement by BoneArmy regarding the launch of the SHIBARIUM Public Beta scheduled for this week.
As BoneArmy revealed exciting news on their official social media channels, crypto enthusiasts and token lovers around the world were eagerly awaiting more details to access the beta website.
One tweet by token’s official Twitter account reads:
In the end, everything I’ve said about $Bone in the last two years has been borne out. How long have you been following me? I wonder who the old followers are.
The excitement around the upcoming launch of SHIBARIUM has emboldened Bone ShibaSwap statement, declaring that the entire crypto world will line up to buy the token. Token lovers expressed their approval, with some even declaring that it would reach $50 and become the next BTC.
However, some skeptics point out that another token, ZinuToken, has launched its mainetz before SHIBARIUM, giving them a potential advantage over Shiba Inu ecosystem tokens.
Nonetheless, BoneArmy’s announcement has caused quite a stir in the crypto community, and it remains to be seen how the launch of SHIBARIUM will impact Bone’s future.
[ad_2]
Source link
