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NewsBTC 2022-08-30 17:00:35

Why Is Shiba Inu’s $BONE On The Rise And Is It Time To Get In?

Meme coin Shiba Inu has been able to properly leverage its popularity and build out another token, BONE, that is catching the eye of investors. $BONE is the native token of the Shiba Inu decentralized exchange, ShibSwap. Now, like any decentralized exchange, putting the native token to work by using it for swaps gives it utility, which has driven the price of BONE upwards. But now, the digital asset is on the move once more. BONE Exchange Listings Trigger Rise Just like Shiba Inu in its time, BONE is receiving a lot of support from the community during this time. Exchanges have moved to list the digital asset on their platform, and as expected, these have triggered a pump in the price of the cryptocurrency. Related Reading: New Report Says Bitcoin Daily Trading Volumes Are Fake, So What’s The Real Number? The first catalyst for the upward movement had been the Gate.io vote that included BONE. Sometimes, exchanges will hold voting competitions for different digital assets, and the ones with the most votes are usually listed on the exchange. The prospect of BONE being listed on Gate alone has set it on an upward trajectory. Then came the official listing on another crypto exchange called BlueBit. With both of these news driving more interest into the token, the price had surged more than 110% in the span of 48 hours. In just the last 24 hours alone, it has grown 83.22% to its current price of $2.10. Is It Time To Get In? Cryptoc...

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