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 rates, the war in Ukraine, and selling sprees by Ethereum (ETH) whales cannot stop $BONE’s growth.
Sponsored
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, are 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, Ethereum’s (ETH) upcoming ‘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!🎉🔥
— ♛ 𝐋𝐮𝐜𝐢𝐞 𝐒𝐚𝐬í𝐧𝐤𝐨𝐯á ♛ (@GossipShib) September 8, 2022
Super easy!
Thanks to @Imaginary_Ones - for staking- lifetime access to graphic tool 🔥
Guess what I tried first 🤣 #SHIBARIUM pic.twitter.com/WUZErh84vz
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.
