Shib Army News: Bone Token Enters Top 100 Cryptocurrencies as Shibarium Is Close To Beta Launch

(Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. Every investment and all trading involves risk, so you should always do your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.)

Since the beginning of this year, the Shiba Inu ecosystem’s BONE coin has been performing exceptionally well in comparison to many other cryptocurrencies. In fact, BONE ShibaSwap has been on a very bullish streak, surging over 17% and becoming the 97th top cryptocurrency by market cap according to CMC. Currently, BONE is trading at $2.00 per token, trying to break the 2.07 resistance and representing a significant increase of 7.91% within a 24-hour trading session.

One possible reason for the recent surge in BONE’s price could be the positive news about Shibarium. Although the exact launch date is still unknown, Shiba Inu’s lead developer, Shytohsi Kusama, has hinted at an imminent release of the much-awaited Layer 2 protocol this week. Shytoshi has been busy publishing the details and explaining Shibarium. On top of that today, Coinbase announced that it plans to support L2s such as Shibarium on its exchange. Some say this is a coincidence but the timing, at least for us, seems to be much more than that.

BONE’s rapid increase in value has allowed it to enter the top 100 cryptocurrencies based on its market capitalization for the first time. If BONE continues on the path it is then we would not be surprised to see it as one of the top 50 Cryptocurrencies sometime in the future. So many good things are happening to the Shiba Inu ecosystem and in Crypto as a whole. It seems that the bear season may finally be coming to an end.