• Bone ShibaSwap (BONE) has seen a 43% surge in the past 30 days, reaching a trading value of around $1.94 on Friday.
• The upcoming launch of Shibarium and listing on Gate.io exchange have increased attention to BONE token as it is set to be a utility coin with limited supply of about 250,000,000 tokens.
• CoinCodex estimates that the token could reach close to $3 by the end of March 2023.
Introduction
The governance token for the Shiba Inu ecosystem, BONE, has seen an impressive surge in its price over the past 30 days and is currently trading at around $1.94 on Friday. With its upcoming launch of Shibarium, a layer 2 network for the Shiba Inu ecosystem and listing on Gate.io cryptocurrency exchange, more attention has been drawn to BONE token as it is set to be a utility coin with limited supply of about 250 million tokens and market capitalization of around $449 million making it one of the top three meme coins by market cap.
Listing On Gate.io Exchange
Gate.io Cryptocurrency Exchange recently listed BONE which already has 10 million registered customers looking forward towards Shibarium launch where they can stake their BONE tokens as validators and earn passive income from it.
Price Action And Predictions
With increasing market demand and limited supply of BONE tokens suggests potential gains in its price in future but its retesting last Augusts all-time high may result in correction before continuing rally again according to CoinCodex prediction which states that this token could reach close to $3 mark by end of March 2023 period.
Positive Factors For Price Increase
With success of Shiba Inu’s parent blockchain heavily influencing price increase for BONE token along with increasing market demand due to limited supply suggest more potential gains for this coin in near future bringing positive returns for investors staking their positions into it soon after Shibarium Launch..
Conclusion
BONE Token is one among top three meme coins by market cap which is rising progressively due to various positive factors such as increased attention towards Shibarium launch & listing on GateCryptoExchange along with success if its parent blockchain -ShibaInu affecting price increase positively with CoinCodex predicting this crypto asset will reach up to 3$ mark by end of March 2023 period bringing potential gain returns for investors staking their positions right now at current prices