Shiba Inu ecosystem token pumps 20%, and it is not SHIB
Bone, a cryptocurrency that is part of the Shiba Inu ecosystem and, in particular, the decentralized Shibaswap exchange, has seen an unexpected 20% increase. Meanwhile, SHIB is also rising, but on a much smaller scale, and it is currently trading only 3.7% above today’s opening price.
What led to the surge in BONE quotations is unknown, although there are rumours online about the imminent release of new details regarding the long-awaited Layer 2 Shibarium protocol. Recall that the cryptocurrency is destined to play the role of a gas fee in the forthcoming innovation. Moreover, BONE should be a reward for developers and other contributors to the upcoming blockchain.
BONE has an advantage over SHIB of a limited and very small number of tokens. Thus, the total supply of cryptocurrency is only 250 million tokens, of which 20 million are reserved for the above rewards. Due to this fact, as well as the relatively low presence on major exchanges, Bone may be more vulnerable to explosive price spikes than it is today. Thus, Bone trading volume increased by 170% after the current pump, as shown on the CoinMarketCap page.
BONE price action
BONE has now reached $1.16, where it had previously shown two opposing performances. So for the first time, BONE quotes drew a figure at these levels, which can be compared with Bart Simpson’s hairstyle. For the second time, however, at the end of August, BONE rose from this zone by 106% to reach its all-time high of $2.4.
