Shiba Inu’s (SHIB) Bone ShibaSwap (BONE) Rises 88% in Just a Day: Here’s Why

It’s a big day for the Shiba Army, as Bone ShibaSwap (BONE) rises by 88%, while the Shiba Inu (SHIB) developers present their first Asian-inspired visual for the SHIB Metaverse. Meanwhile, the lead developer, the mysterious Shytoshi Kusama, stepped in to rejoice along with the Shiba Army for the governance token’s recent success. He reassured the Shiba Army that Shiba Inu (SHIB) is always going to be the jewel in the crown.

ShibaSwap Takes the Throne

First of all, the decentralized exchange, ShibaSwap, native to the Shiba Inu (SHIB) Ecosystem, overtook UniSwap V3, PancakeSwap V2, and dXdX by market cap, to claim the #1 position. In addition, the Shiba Army is rejoicing over the partnership between MEXC Global x Shiba Inu (SHIB). It is worth the attention it’s getting on Twitter, as the 5,555 BONE Prize Pool is shared between any new customers on the MEXC Global crypto platform that signs up and trades the beloved $BONE.

This comes just a day after Bone ShibaSwap (BONE) broke a decisive resistance line. Some crypto enthusiasts argue it’s because of the upcoming Shibarium Layer-2 upgrade. One member of the Shiba Army even prompted the SHIB Army to “get the space suits ready.”

At press time, Bone ShibaSwap (BONE) trades at $2.07, which marks a massive 88% daily increase, the best day for $BONE since the all-time high at $15.50 on July 7, 2021. In addition, $BONE has recorded enormous weekly gains of 164.9%. Ranked #201, can the Shiba Inu (SHIB) Ecosystem’s governance token enter the big league of crypto? Shiba Army surely thinks so, as the voting to get $BONE listed on numerous crypto exchanges eagerly continues.

$288M of Shiba Inu (SHIB) Was Torched

On top of that, Shiba Inu (SHIB), Shiba Inu Ecosystem’s main token, the 12th by market capitalization has enjoyed a gigantic spike in the SHIB burns. The burning process has accelerated by 415.55%, according to Shibburn. With 288,668,578 $SHIB (Shiba Inu) tokens up in smoke, a positive impact on the market price is inevitable.

At press time, Shiba Inu (SHIB) trades at $0.00001268, with 6% gains in the past 24 hours, according to CoinGecko. Having a walk in the green forest is a continuous habit for Shiba Inu (SHIB), as the 2-year-old memecoin has a 77% yearly profit.

On the Flipside

• The main token of the ecosystem, Shiba Inu (SHIB), has had to fight the bears lately, along with the rest of the top 100 altcoins. This was partly due to Ethereum (ETH) whales causing a massive sell-off, but other factors like the Fed interest rate increase added to the fuel.

Why You Should Care

The $BONE has risen thanks to the lively community behind Shiba Inu (SHIB). Moreover, the Shiba Army aims to list $BONE onto centralized exchanges like Binance and Coinbase. Finally, the Shiba Army is constantly at the center of attention on Twitter.

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