- Bone ShibaSwap entered the top 100 cryptocurrency list.
- BONE is the only token required for everything in the Shiba Inu ecosystem.
While the Shiba Inu is all set to launch the much anticipated layer-2 blockchain “Shibarium”, its utility token Bone ShibaSwap (BONE) surged over 21% in a week. At the time of writing, BONE traded at $1.80, soared around 6% in a day with a market cap of $410 million.
Further, the Bone ShibaSwap entered the top 100 cryptocurrency list, and “BONE holds 98th rank”, according to CoinMarketCap data. Also, the price climbed by over 55% since the start of 2023 from $0.877655 to $1.96. BONE has a 24-hour trading volume of $ 34 million, which increased by 75%.
The memecoin price spike may result from a recent tweet from Bone ShibaSwap’s official Twitter account. That has posted a reminder post to the Shiba community and announced the rollout of the Shibarium beta launch date, which will take place next week.
Further, the tweet emphasized the statement, “You will need Bone for everything in the Shib ecosystem”. Also, earlier in January, the Shiba Inu team declared that the “BONE is and will be the only token required for gas charges and use when it comes to Shibarium”.
No Fixed Date for Shibarium
Many rumors and speculations have been circulating on social media as the SHIB Army waits for the introduction of the L2 blockchain. Following that, the developer, Shytoshi Kusama starts releasing a series of medium blog posts about the L2 solution since the 15th of February.
Although, the specific release date of Shibarium has not yet been confirmed by any of the officials than Bone. However, after the Layer 2 blockchain is released, the developers strive to ensure that BONE has a range of use cases in the ecosystem.
But the Dogecoin revival Shiba Inu traded at $0.00001288, decreased around 5% in a day and 10.5% in a week. SHIB has 24 hours trading volume of $384 million.
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