BONE is also up surprising 28% over past seven days amid positive sentiment
BON, the governance token of the Shiba Inu ecosystem, has seen an astonishing 12% jump in the past 24 hours. This comes when most cryptocurrencies posted losses or minimal gains in the said time frame.
At the time of publication, BONE was trading up 11.31% at $0.93. The increase also coincides with a 25% jump in trading volumes, with $5,566,761 worth of BONE traded in the last 24 hours.
BON is also up an astonishing 28% in the last seven days amid positive investor sentiment and the exchange listing it recorded last week.
In the week that passed, New York-based crypto trading platform Uphold announced the listing of Bone ShibaSwap, which would allow retail investors to now buy and sell Shiba Inu’s governance token on the platform.
A day before this announcement, SunCrypto, a leading cryptocurrency exchange in India also announced the launch of BONE on its platform. Similarly, favorable technicals may have helped propel the price of BON.
In recent weeks, BONE has risen in the crypto market rankings. With a current market valuation of $146,460,221, among a total of 21,924 cryptocurrencies listed on the global aggregator CoinMarketCap, BONE currently ranks as the 148th largest cryptocurrency.
A major token in the Shiba Inu ecosystem, BON is outperforming SHIB. At the time of publication, SHIB was only up 0.16% at $0.0000093 as it consolidated ahead of a major move.
BONE embarks on massive run
Since Nov. 22, when it posted a bullish double bottom pattern at $0.60 lows, BONE has been on a tear. Taken from Nov. 22, BONE has seen 11 out of 12 days of positive price action.
Notably, since November 27, BON is set to mark its sixth consecutive green day of price action.
BONE has also broken through key resistance levels at the daily MA 50 and 200, emphasizing its rise. The daily RSI has not yet reached overbought 70 levels, suggesting that the run might still take a little while before exhaustion sets in.
