Why the price of this SHIB token skyrocket by 10%

A 10% increase has been made in the price of Shiba Inu’s governance token, BONE. The BONE token is used as a gas token on the Shibarium layer-two blockchain as well as part of the governance system of the DEX. In addition to a range of use cases, the Shibarum blockchain is currently in development.

In terms of supply and circulation, Bone ShibSwap complements SHIB and LEASH, another meme altcoin. With the help of the governance token BONE, the Shiba Inu community, or the SHIB army, can vote to add new trading pairs to the decentralized ShibaSwap exchange (DEX) via the community-run, decentralized Doggy DAO.

A description of Bone ShibaSwap

The #ShibArmy can vote on upcoming proposals with BONE, a Shibaswap ecosystem governance token. A user’s vote in these future endeavors will be weighed more heavily the more BONE they possess. In terms of circulation supply, BONE has a total supply of 250,000,000 tokens, which fits perfectly between the previous two tokens.

Why is the price of BONE rising?

In the last 7 days, the announcement that the token would be listed on Uphold contributed to the token’s price rise of 10%. As part of its exchange listing, BONE was one of seven alternative coins listed by the cryptocurrency trading platform on November 30.

A Cayman Islands-based cryptocurrency exchange has added BONE to its list of cryptocurrencies. As a result of these developments, speculation has grown that Binance will soon list the altcoin. Since BONE is the market leader in its category in the cryptocurrency world, trading it on the exchange’s platform could increase its capitalization and bring it more volume.

Live Bone Price Update

The current price of Bone ShibaSwap is $0.840582 USD, and the 24-hour trading volume is $6,038,906 USD, according to coinmarketcap. Bone ShibaSwap has dropped 5.28% in the last 24 hours. With a current market capitalization of $132,728,422 USD. There are currently 157,900,679 BONE coins in circulation, with a total supply of 230,000,000 BONE coins available.

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