BONE Crypto Price Prediction & Shibarium Huge News

The BONE token has seen a substantial rise due to the announcement of its utility in the upcoming beta launch of the Shibarium blockchain. Shibarium, the eagerly awaited Layer-2 scalability platform from Shiba Inu, is nearly ready for release.

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What is Bone ShibaSwap

BONE is a ShibaSwap ecosystem governance token that will allow the Shib Army to vote on upcoming proposals. The more BONE the user holds, the greater the weight of their vote in these future endeavors.

BONE has a total supply of 250 million tokens and is intended to fit perfectly between the previous two tokens in terms of circulation supply.

Shibarium Blockchain Beta Launch

The team formally published a blog with the Shibarium intake form on February 26. Large projects forwarded requests to build on the L2 blockchain Shibarium, as its co-founder Shytoshi noted in a tweet.

The Ethereum blockchain’s scalability issue has been addressed by Shiba Inu’s Shibarium blockchain. This will be accomplished by an Ethereum-based blockchain layer that has a built-in burn mechanism to help drive up the price of the SHIB token.

Attention #SHIBARMY ?

We're thrilled to announce that #SHIBARIUM Public Beta will be launching THIS WEEK! ?

Make sure you’re following our official socials over the next few days as we reveal all the details on how to access the beta website. Hail Shib! #ShibariumBeta ? pic.twitter.com/0fG3u3mY4S

— Shib (@Shibtoken) March 7, 2023

Shibarium, the layer-2 network for the Shiba Inu ecosystem, will launch in beta mode next week after a long wait. With this new network, developers will have a place to make their own tokens for use in the Shiba Inu ecosystem.

The Shibarium would help decrease on gas costs and cut down on the time it takes to do transactions. Also, BONE is the system’s governance token, and all fixed gas fees are paid for with it. Even though there is no official release date yet, both the beta and official versions of Shibarium are likely to be out soon.

See our guide to the best crypto buy now here.

BONE Price Prediction

As of today, March 8, the price of the Bone ShibaSwap is $1.72 with a 24-hour trading volume of $13.66 million, market cap of $397.76 million, and market dominance of 0.04%. The BONE price increased 20.70% in the last 24 hours. Bone ShibaSwap reached its highest price on Jul 6, 2021 when it was trading at its all-time high of$ 15.50.

Bone ShibaSwap’s price is currently above the 50-day simple moving average (SMA), and this indicator has been indicating BUY for the last one day, since Mar 08, 2023. According to technical indicators, Bone ShibaSwap’s 200-day SMA will rise in the coming month and reach $1.194 by April 8, 2023.

The short-term 50-Day SMA for Bone ShibaSwap is expected to reach $ 1.61 by April 8, 2023. The RSI is currently at 53.23, indicating that the BONE market is in a neutral state.

Related

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