BONE, the governance token for ShibaSwap, Shiba Inu’s official decentralized exchange, is making impressive strides in the crypto market. With the upcoming launch of Shibarium, Shiba Inu’s Layer 2 protocol, BONE is set to be utilized for paying gas fees, adding to its value and utility.
Read CRYPTONEWSLAND onSource: CoinGecko
In a remarkable event, BONE’s trading price surged by over 50% in the past fortnight. The imminent launch of the Shibarium mainnet is a significant contributor to this surge, painting a positive picture for both the token and the SHIBA INU network.
Analysts are optimistic about SHIBA INU’s native crypto asset, SHIB, which they predict can surge 10X from its current trading price, owing to the Shibarium launch and the network’s nearing anniversary. If SHIBA INU’s aggressive strategy persists, BONE could also see further growth.
The DogPad Finance project Shibarium is experiencing a steady increase in community members, reflecting the resilience and loyalty of the SHIBA army. This growing support indicates a robust and unyielding community, ready to face any challenges thrown towards the SHIBA INU network.
As SHIBA INU approaches its third anniversary, it is poised for a momentous celebration, amplified by the anticipated launch of Shibarium. If current trends continue, BONE and SHIB are set to take the crypto world by storm, offering promising returns for investors.
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