Shiba Inu’s (SHIB) Bone ShibaSwap (BONE) Rises 22% in One Day – Here’s Why

Shiba inu king of the day clouds crown golden bone dog proud

On Friday, October 14th, Shiba Inu’s (SHIB) gas fee token, Bone ShibaSwap (BONE), experienced a significant daily boost. The rising demand for the governance token is self-evident, and crypto Twitter has been pushing for Bone ShibaSwap (BONE) to be listed on major crypto exchanges like Coinbase & Binance. According to the estimates, more than a million people will look to acquire Bone ShibaSwap (BONE) after the grand launch of Shibarium.

Bone ShibaSwap’s (BONE) Role in the Ecosystem

With most of the SHIB Army waiting for the Shibarium Layer-2 solution, crypto influencer “Lady Crypto” took the time to explain why Bone ShibaSwap (BONE) is a crucial piece of the puzzle for Shiba Inu.

Firstly, Bone ShibaSwap (BONE) will be used as the governance token for voting on proposals in SHIB: The Metaverse, as well as the blockchain version of the Shiba Eternity. The mobile version of Shiba Inu’s (SHIB) official collectible card game dropped on October 6th, 2022, and has served as a great platform for recruiting new members around the world.

However, the mobile version of Shiba Eternity does not include Shiboshi NFTs, and just 5% of the revenue generated from the game is being put towards burning Shiba Inu (SHIB). Be that as it may, the tables are expected to turn once the Web 3.0 version of Shiba Eternity drops.

Crypto Exchanges Chew over Shiba Inu’s BONE

Since Bone ShibaSwap (BONE) is projected to be used in every transaction that takes place on Shibarium, more and more crypto exchanges are expected to list the governance token as time passes. Even now, crypto enthusiasts on Twitter are pushing for Binance, KuCoin, and Coinbase to list Bone ShibaSwap (BONE). $BONE has already been listed, along with the rest of the tokens in the Shiba Inu ecosystem, by MEXC Global, CoinEx, Switchere, and

At press time, Bone ShibaSwap (BONE) is priced at $0.904825, according to CoinGecko. Despite its recent uptrend, the #152 ranked crypto is still 51.29% in the red in yearly terms. According to statistics provided by Data Metrics UG, a $500 investment into Bone ShibaSwap (BONE) made exactly a year ago would have resulted in a $267.09 shortfall for the gas fee token of Shiba Inu’s (SHIB) ecosystem in the present day.

On the Flipside

  • The 24-hour sprint for $BONE still leaves the token at a 18.5% deficit for the last 7 days.
  • Some crypto enthusiasts suspect that whales are pulling the rug out from under ShibaSwap.

Why You Should Care

In addition to its increased social mentions, Bone ShibaSwap’s (BONE) bull run could also have been catalyzed by increased interest from Ethereum (ETH) whales. If Shibarium succeeds in having an impact on the ecosystem, demand for Bone ShibaSwap (BONE) would like increase substantially.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Tadas Klimasevskis

Tadas Klimasevskis is an author & reporter, focusing on the latest tendencies of the crypto galaxy. Tadas spends his time digging deeper into specific areas like coins such as Shiba Inu (SHIB) & Dogecoin (DOGE), music NFTs, sports NFTs, digital art, and Pop culture in Web 3.0. Tadas strongly believes in crypto as disruptive innovation and keeps an eye out for new crypto hubs being developed around the globe. His vast experience in social media lets him quickly spot what’s going on in the mercurial world of crypto and deliver stories with unique spins. He has been active in blockchain and cryptocurrencies since 2019.