Despite the canine cryptocurrency Shiba Inu (SHIB) dangerously floating slightly above the resistance line at $0.00001, the gas fee token of the SHIB Ecosystem, Bone ShibaSwap (BONE) had a brilliant week with 10.1% gains in the last seven days.
While Shibarium, the Layer-2 solution for SHIB is still in testing phase, the TOP 100 Ethereum (ETH) whales have a broad interest in BONE. This is likely due to the fact that the SHIB Army on Twitter is constantly trending with requests for Binance, Robinhood (NASDAQ:HOOD), Coinbase (NASDAQ:COIN) and other popular crypto exchanges to list the Shibarium governance token.
The only coin in the market that whales are behind right now is $boneDon’t miss the train #ShibaArmy #shibarium will be out sooner or later.. place your bets or wait and watch the match— CryptoKing (@MrCryptoBullish) October 23, 2022
BONE’s Next Goal
The 152th-ranked BONE’s next target is $1, according to popular crypto influencers on Twitter. Besides, SHIB’s delicacy token is trending on DexTools with a favorable green candle. This green candle confirms significantly increased trading activity.
At press time, BONE is priced at $0.980311, according to CoinGecko. Growing 0.9% in the last 24 hours, BONE recorded eight days in the green. Further on, the potential Robinhood listing could be the gamechanger for BONE.
Let @RobinhoodApp know we want $BONE everyone!We are #SHIBARMYSTRONG https://t.co/ShYCbYiA8E— Ellen B (@BeishuizenEllen) October 21, 2022
Red-Hot SHIB Burn Rate Catapults 3,359%
Another card up BONE’s sleeve is the drastically increased SHIB burning activity, which recorded a juicy 3,359% increase in one day. According to Shibburn, the official SHIB burn portal, there were 45 million SHIB tokens set aflame in the last 24 hours alone.
Ultimately, the blazing up SHIB tokens pays off for the whole SHIB Ecosystem. Besides, the turning point for its impact could be the SB Visa (NYSE:V) Card with integrated SHIB and BONE burning, which was announced earlier this year.
In the past 24 hours, there have been a total of 45,165,582 $SHIB tokens burned and 6 transactions. Visit https://t.co/t0eRMnhnPL to view the overall total of #SHIB tokens burned, circulating supply, and more. #shibarmy— Shibburn (@shibburn) October 24, 2022
On the Flipside
- Shibarium is still in a testing regime with no paperwork. However, SHIB Army remains optimistic.
- The technical delays provoked a fight between SHIB Army and DOGE Army last week.
- Despite the enormous increase in the SHIB burn rate, SHIB is priced at $0.00000995.
- Ultimately, this means SHIB added another zero and is now drowning below the crucial support line.
Why You Should Care
With huge interest from Ethereum’s (ETH) TOP 100 whales, both SHIB and BONE have great potential to lead the memecoin race.
Read about Shiba Inu’s (SHIB) recent milestones:
Shiba Inu (SHIB) Gets Accepted by Google (NASDAQ:GOOGL) Cloud via Coinbase Commerce
Shiba Inu (SHIB) Becomes Top Traded Crypto in India – Here’s Why