- Over the past day,Shiba Inu has experienced a positive growth of 1.34%.
- BONE experienced a significant surge of over 30% within a single day.
Shiba Inu and the highly anticipated Layer-2 Shibarium network have become the center of attention in the cryptocurrency space, with discussions abuzz among industry participants. Shiba Inu’s development team is actively preparing for the introduction of Shibarium, and the tokens like SHIB, BONE, and LEASH from the Shiba Inu ecosystem will play integral roles within the Shibarium framework. The trading indicators for the Shiba network triplets, SHIB, LEASH, and BONE, are showing upward movement, indicating a rise in their respective prices.
Based on the latest data, SHIB is currently at $0.000007337, with a significant trading volume of $75,708,073 within the last 24 hours. Over this period, SHIB has experienced positive growth of 1.34%. Taking into account the trading patterns in the cryptocurrency market, Shiba Inu’s RSI (Relative Strength Index) currently stands at 44.71. This value suggests that SHIB is currently in a balanced position without being overbought or oversold.
BONE Price Soars Ahead of Shibarium Release
With the announcement of the Shibarium mainnet release and Worldpaper scheduled for August by lead developer Shytoshi Kusama, the gas token for the Shiba Inu layer-2 blockchain Shibarium, Bone ShibaSwap (BONE) token, experienced a remarkable surge of more than 30%. This surge propelled BONE into the esteemed list of the top 100 cryptocurrencies.
According to the latest data, BONE is currently at $1.46, with a notable 24-hour trading volume of $19,531,958. Over the past day, BONE has demonstrated a significant increase in value, reaching a growth of 31.46%.
The latest recorded price of LEASH is $343.63, accompanied by a noteworthy 24-hour trading volume of $1,362,305. In the past day, LEASH has experienced a significant increase in value, rising by 13.16%. Moreover, Analyzing the trading movements in the cryptocurrency market, the RSI (Relative Strength Index) of LEASH is currently at 69.97. This reading implies that LEASH is approaching an overbought state.
Meanwhile, the Shibarium testnet, Puppynet, has accomplished a noteworthy achievement by surpassing 25 million transactions. Also, this upswing in Shibarium network activity signals strong demand and holds the potential to exert a positive influence on the long-term prices of SHIB and BONE. Additionally, the introduction of Shibarium is set to enhance the decentralization of the Shiba Inu ecosystem as the community assumes a more significant role in decision-making processes.
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Shiba Inu (SHIB) Price Prediction 2023
Source: https://thenewscrypto.com/shibarium-release-fuels-a-green-spot-trio-in-the-crypto-market/