Shiba Inu

Bone ShibaSwap

The governance token for Shiba Inu, BONE, which also functions as the Shibarium&#39;s Layer 2 gas token, has <a href="https://coinmarketcap.com/community/articles/64a2def566af8965edb7ae45/" rel="noopener noreferrer nofollow">observed</a> a significant uptick since June 10. After touching a low of $0.665, the token&#39;s price has doubled, translating to 100% gains, and reached a peak of $1.16 in today&#39;s trading. The notable ascent of BONE gathered momentum in the past 24 hours following several key announcements by Shiba Inu lead, Shytoshi Kusama, regarding the future of the SHIB ecosystem.At the press time, BONE is <a href="https://coinmarketcap.com/currencies/bone-shibaswap/" rel="noopener noreferrer nofollow">trading</a> at $1.16, marking an 8.99% rise in the past 24 hours and an increase of over 25% in the last seven daya. These gains are particularly significant given the broader crypto market&#39;s current bearish climate following recent sell-offs. BONE is notably outpacing other dog-themed tokens, including SHIB, which has recorded losses at press time.In a recent blog post on Thursday, Kusama <a href="https://twitter.com/LucieSHIB/status/1676871206555770881" rel="noopener noreferrer nofollow">disclosed</a> a probable launch date for the highly anticipated Shibarium Layer 2 blockchain&#39;s mainnet. The Layer 2 network would employ BONE as a gas token. Kusama suggested that the forthcoming Blockchain Futurist Conference, scheduled for this August in Toronto, might feature discussions and possibly the release of the eagerly awaited Shibarium Layer 2 solution.-Read full article at <a href="https://cryptotale.org/shiba-inus-bone-token-skyrockets-unpacking-the-causes-for-its-surge/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Shiba Inu's BONE Token Skyrockets: Unpacking the Causes for Its Surge

CryptoTale

Other articles published on Jul 7, 2023

Union Finance unveils permissionless credit protocol at ETHBarcelona

Stacks (STX) Plunges After Its Bullish Period, Time to Switch to Tron (TRX) and VC Spectra (SPCT)

$130M Worth Of Outflows From Multichain Spark Fears Of Exploit

Verge (XVG) Jumps 15%, Here Are 3 Reasons Why

Bitcoin Cash (BCH): How Soon Before the Push to Reclaim $300?

Veloce Media Group announces major investment commitment of $50 million from GEM Digital Limited

Join our free newsletter for daily crypto updates!