- Shiba Inu (SHIB) and Bone ShibaSwap (BONE) experience a price increase, defying the crypto market’s downward trend.
- The Shibarium, Shiba Inu’s layer-2 scaling solution, is under development, with its beta version released for public testing.
- LEASH, another crypto asset affiliated with Shiba Inu, has seen a significant increase in its value over the past month.
Shiba Inu (SHIB) and Bone ShibaSwap (BONE), two crypto assets, are making waves in the market this week. Despite the overall downward trend in the crypto market, both SHIB and BONE have seen an increase in their prices.
At the time of writing, SHIB is trading at $0.000008, marking a 8.7% increase in the past week. Similarly, BONE is trading at $1.41, up by 7% in the past 24 hours and more than 13% in the past seven days.
This price surge comes amidst the development of Shibarium, Shiba Inu’s highly anticipated layer-2 scaling solution. The beta version of its cross-chain bridge, which allows users to shift tokens between Shibarium and Ethereum (ETH), has been released for public testing this week. However, Shiba Inu team members have advised traders to use only test tokens from faucets on the bridge at this stage.
In addition to SHIB and BONE, LEASH, another crypto asset affiliated with Shiba Inu, is also performing well. Currently trading at $453.09, LEASH has seen a 4.7% increase in the past 14 days and a remarkable 61% increase in the past 30 days.
The future of Shiba Inu and SHIB looks promising. With the development of Shibarium and the potential collaborations, SHIB is set to make significant strides in the crypto space. The coin’s potential to revolutionize transactions indicates a positive trajectory for SHIB in the crypto market.
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