Can Shibarium Take Bone ShibaSwap (BONE) Price to $2? The Indicators are Promising

The $BONE coin, a key player in the Shiba Inu ecosystem, is making waves in the cryptocurrency market. With the impending release of Shibarium, the demand for $BONE is expected to surge, as it will be essential for every transaction within the ecosystem.

This anticipation has already sparked a significant increase in the coin’s value, with a nearly 7% rise in the last 24 hours, bringing its current trading price to $1.40.

The $BONE coin has seen a remarkable rally of over 100% since mid-June, a testament to the mounting enthusiasm around the Shiba Inu ecosystem and the forthcoming Shibarium mainnet launch.

The coin’s value has been on a rollercoaster ride, hitting a yearly peak of $2.1092 in February, before plummeting to a low of $0.6650 in June. However, it quickly rebounded and has been on a steady upward trajectory since June 12. The momentum continued into July, with the coin finally breaking the $1 mark on July 3, a price point it had not seen in three months. As per the current setup, the next target is $2.

Source: Coinstats

The announcement of the Shibarium launch by Shytoshi Kusama, the Shiba Inu community lead, further fueled this rally. The launch, set to be unveiled in August at the Blockchain Futurist Conference in Canada, has sparked optimism for the future of $BONE.

The coin’s recent performance has not gone unnoticed, as it has made its way back into the top 100 on CoinMarketCap, currently sitting at the 98th rank. This achievement is a promising sign for the coin’s future, indicating its growing popularity and potential for further growth.

The Shibarium is almost upon us, and with it comes the potential for increased demand and price rises for tokens like $Leash, $Bone, and $Treat. SHIB has also seen positive movements after the Shibarium launch announcement.

Adding to the coin’s credibility, $BONE has recently been listed on major centralized exchanges, including Changelly on July 20th. This listing provides more accessibility for potential investors and could contribute to further price increases.

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Prominent figures in the crypto community have also shown their support for $BONE. $SHIB KNIGHT (@army_shiba) recently tweeted about a “Crazy pump by $BONE,” suggesting that $SHIB could be next.

Digarch Stan (@Digarch) also shared his positive experience with $BONE rewards for delegation on the ShibariumBeta testnet.

The future looks bright for $BONE. With the upcoming Shibarium launch, its recent price rally, and growing support from the crypto community, $BONE is a coin to watch. Given the current momentum and the impending launch of Shibarium, it’s plausible that the $BONE coin could reach the $2 mark. The coin’s recent performance and growing demand, coupled with its integration into the Shibarium ecosystem, create a favorable environment for potential growth. However, as with any investment, it’s important to remember that the cryptocurrency market is volatile and unpredictable, and investors should always do their own research and consider their risk tolerance.

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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com

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Rene Peters
Rene Peters

Rene Peters is editor-in-chief of CaptainAltcoin and is responsible for editorial planning and business development. After his training as an accountant, he studied diplomacy and economics and held various positions in one of the management consultancies and in couple of digital marketing agencies. He is particularly interested in the long-term implications of blockchain technology for politics, society and the economy.

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