Bone ShibaSwap (BONE) Doubles Up Ahead of Shibarium Upgrade

As the grand launch of Shibarium nears, Bone ShibaSwap (BONE) is making an impression on the crypto world once again. The governance token by Shiba Inu (SHIB) Ecosystem has almost doubled in the last fortnight.

ShibaSwap, $BONE, is up ~100% to $1.60 in the past 2 weeks, following the upcoming #Shibarium Layer-2 upgrade. https://t.co/bfGRbZeQUg pic.twitter.com/2kYnhiNwZV

— CoinGecko (@coingecko) September 7, 2022

Bone ShibaSwap (BONE) Keeps Growing

The governance coin Bone ShibaSwap (BONE) keeps overcoming obstacles that most of the TOP 20 cryptocurrencies by market cap fall to easily. Inflation, increased FED tax rates, war in Ukraine and selling sprees by Ethereum (ETH) whales cannot stop $BONE’s growth.

Even though the token has a horizontal area of support at $1.20, the Bone ShibaSwap (BONE) token managed to gain 5.8% in the last 24 hours, according to CoinGecko. At the time of publication, $BONE trades at $1.71. This could be due to the fact that members of the Shiba Army who owe the most $BONE are able to vote for proposals inside the Shiba Inu (SHIB) Ecosystem.

The strong voice of the community is seen in the constant voting for listings on various crypto platforms. Crypto.com is considering adding $BONE, according to rumors on Twitter. However, with Bluebit.io welcoming all three tokens of the Shiba Inu (SHIB) trifecta, it is highly likely that $BONE will grow on the major crypto exchanges in the near future.

Dear@cryptocom #Shibarium the #SHIB layer 2 scaling solution blockchain is coming out soon, and $BONE #BONE will be used as the gas token! Don’t miss listing this token on your platform  #SHIBARMY @ShibAlexander pic.twitter.com/4TPWmDReFn

— BONEARMY 100x (@Shibsweety) September 7, 2022

Shibarium is Expected to Lower Fees

The Layer-2 solution for the most popular memecoin will bring a couple of perks, much anticipated by the SHIB Army. The benefits of the Layer-2 solution, Shibarium, is as follows:

Lower transaction fees
Built-in $SHIB burn mechanism
More utilization for $BONE
Faster transaction time frame
Groundwork for SHIB: The Metaverse

On top of that, the upcoming Ethereum (ETH) ‘The Merge’ upgrade is likely to speed up the transactions for Shiba Inu (SHIB) as well, as the canine coin is hosted on Ethereum (ETH). Conclusively, crypto enthusiasts are talking about Shibarium coming soon for a very good reason. According to crypto influencer Lucie Sasinkova, the Layer-2 upgrade is coming as soon as the third quarter of 2022.

I got a new toy to play around!
Super easy!

Thanks to @Imaginary_Ones – for staking- lifetime access to graphic tool

Guess what I tried first #SHIBARIUM pic.twitter.com/WUZErh84vz

— ♛ 𝐋𝐮𝐜𝐢𝐞 𝐒𝐚𝐬í𝐧𝐤𝐨𝐯á ♛ (@GossipShib) September 8, 2022

On the Flipside

Terra Luna Classic (LUNC) recently stole the spotlight from Shiba Inu (SHIB), raising some questions in the crypto community.

Why You Should Care

As the Shiba Army grows, $BONE and Shibarium are constantly trending on Twitter. Moreover, the Shiba Inu (SHIB) official Twitter profile recently surpassed Dogecoin’s (DOGE), making it the most popular memecoin.

Related Posts

Coinbase expands to Australia with focus on institutions in ‘months to come’

With an expanded Australian offering, Coinbase’s VP of international and business development said the exchange faced “tough questions” from regulators and policymakers about its services. United States-based…

Musk’s deal for Twitter looks set to go with original $44B price tag

Twitter appears ready to move forward with the deal for Elon Musk to buy Twitter, announcing in an Oct. 4 post they intend to close the transaction…

‘New frontier’ of crypto laundering involves cross-chain bridges and DEXs: Elliptic

Curve, Uniswap, 1inch, and the Ren bridge were the top platforms of choice for laundering illicit crypto, according to Elliptic. New research from blockchain analytics and crypto…

Bitwise launches Web3 ETF for institutional and retail investors

The ETF tracks the Bitwise Web3 Equities Index, with over 85% exposure to companies in Web3. Bitwise Asset Management announced on Oct. 3 a new exchange-traded fund…

Billionaire Hedge Fund Founder Ray Dalio Steps Down as Co-CIO of Bridgewater Associates

Billionaire hedge fund founder Ray Dalio has stepped down as chief executive of Bridgewater Associates, according to a transfer of voting rights on September 30. Bridgewater’s co-chief…

Oryen (ORY) Huge Opportunity To Become Bigger Than Elrond (EGLD), Quant (QNT), And OKB (OKB)

The cryptocurrency market is heating up and Oryen (ORY) is positioning itself as a significant player. The project has a lot of potential to become bigger than…

Generated by Feedzy