Shiba Inu’s governance token, BONE token price increased by 10%. BONE, serves as the Shibarium layer-two blockchain’s gas token and is part of the DEX’s governance system. The Shibarum blockchain is currently under development and is anticipated to launch with a variety of use cases for the token.
Bone ShibSwap is made to perfectly complement SHIB and LEASH, another token that, in terms of supply and circulation, is a meme altcoin. With the help of the governance token BONE, the Shiba Inu community, or the SHIB army, can vote on upcoming proposals from the community-run, decentralized Doggy DAO. Voting will choose which new trading pairs will be added to the decentralized ShibaSwap exchange (DEX).
What is Bone ShibaSwap
BONE is a Shibaswap ecosystem governance token that will allow the #ShibArmy to vote on upcoming proposals. The more BONE a user possesses, the greater the weight of their vote in these future endeavors. BONE has a total supply of 250,000,000 tokens and is intended to fit perfectly between the previous two tokens in terms of circulation supply.
The Reason behind BONE price rise?
The Uphold cryptocurrency exchange’s announcement of the token’s listing was one of the elements that raised the price of the token by 10% in last 7 days. The cryptocurrency trading platform announced on November 30 that BONE was one of seven alternative coins it was listing on its exchange.
This listing came about as a result of pressure from the Shiba Inu community, which also encouraged other exchanges to follow suit. India’s cryptocurrency platform, Sun Crypto, also enlisted the token BONE on its platform and made it availability to the user.
BONE has also been added to the StealthEX cryptocurrency exchange from the Cayman Islands. These developments have increased the speculation that Binance might be the next exchange to list the altcoin. Trading BONE on the exchange’s platform might increase its capitalization in addition to bringing the token more volume because it is the market leader in its category in the cryptocurrency world.
Bone Live Price Update
As per the coinmarketcap, the current price for Bone ShibaSwap is $0.840582 USD, and its 24-hour trading volume is $6,038,906 USD. In the past 24 hours, Bone ShibaSwap has decreased 5.28%. With a live market cap of $132,728,422 USD.There are 157,900,679 BONE coins in circulation, with a maximum supply of 230,000,000 BONE coins.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Source: https://coingape.com/this-shib-token-price-skyrocket-by-10-heres-why/