Bone

Bone ShibaSwap

Shiba Inu

Coin

<ul class="news-points"> 
 <li>Analyst explains that the decreased amount of Shibarium transactions should not have a negative effect on the price of SHIB.</li> 
 <li>BONE is the only token that stands to gain from the growth of Shibarium.</li> 
 <li>Both BONE and SHIB experienced losses of more than 10% over the past month of trading.</li> 
</ul> 
Analyst Clay from Claybro shared in one of his latest YouTube <a href="https://www.youtube.com/watch?v=UEj1FYEXshc" target="_blank" rel="nofollow">videos</a> that there has been a substantial decrease in the amount of Shibarium transactions. Luckily, Clay explained, this will not necessarily have a negative effect on the price of the popular meme coin <a href="https://coinedition.com/tag/shiba-Inu-SHIB/">Shiba Inu (SHIB)</a>. 
Shibarium does not contribute to the demand and utility of SHIB itself. Clay explained that it is important to note that SHIB is not required for utilizing Shibarium, instead, Bone ShibaSwap (BONE) is the cryptocurrency used for transactions on Shibarium. 
Consequently, Clay stated that Shibarium’s growth is mainly beneficial for BONE as it is the only token that stands to gain from it. Meanwhile, SHIB experiences a drop in supply when Shibarium transactions increase. Therefore, Shibarium is more likely to boost demand for BONE rather than for SHIB, according to the analyst. 
Meanwhile, data from…
The post <a rel="nofollow" href="https://coinedition.com/shibariums-growth-benefits-bone-more-than-shiba-inu-shib/">Shibarium’s Growth Benefits BONE More Than Shiba Inu (SHIB)</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

Shibarium’s Growth Benefits BONE More Than Shiba Inu (SHIB)

Coin Edition

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