Shiba Inu: $BONE Price Surged 14% in a Day

• Bone ShibaSwap ($BONE) price has increased by over 14.5%in a day.
• Shiba Inu developer clarified the rumors around the $SHIB ecosystem.

Shiba Inu Much-awaited layer 2 upgrade “Shibarium” governance toke ‘Bone ShibaSwap’ ($BONE) price has climbed by more than 35% over the last week and by over 14.5% in the last 24 hours. According to CoinGecko, the $BONE market cap surged around 12% to $240 million from the previous day. 

Shibarium was rumored to be launching by the third quarter of 2022. Following that, the layer 2 solution Shibarium has been the center of speculation and news in the $SHIB community. As a result, $BONE price fluctuations started to occur more frequently and the meme token maintains its 8th day of green candles in a row.

Further, when compared to the last day, Bone ShibaSwap trading volume has increased by approximately 110% to $10 million. At the time of writing, Bone ShibaSwap’ ($BONE) price rallied from $0.873622 to $1.13 in just 5 days.

Shiba Inu Set to Recover

Shiba Inu community members are buzzing with much anticipation as they look forward to the unveiling of the Shibarium solution. Today the project’s developers clarified the rumors that other tokens are reportedly necessary to use the new network. The team emphasized the statement that the $BONE is and will be the only token required for gas charges and use when it comes to Shibarium. 

Further, the ShibaSwap native token Shiba Inu ($SHIB) also witnessed a significant price rise after 14 days. $SHIB traded at $0.00000851, which increased 7% in a week and 3% in a day. Shiba Inu holds a $5 billion market with a 24 hours trading volume of $257 million, which climbed about 114%.