The forthcoming release of Shibarium, a layer-2 blockchain, has electrified the Shiba Inu community in an exciting turn of events, driving up the price of its gas token, Bone ShibaSwap (BONE), by over 35%.
BONE has successfully entered the coveted top 100 cryptocurrency list because of its rise. After Shytoshi Kusama, the primary developer of Shiba Inu, made a statement, industry aficionados are excitedly anticipating the mainnet launch of Shibarium, scheduled for August.
The price of BONE has been on a tremendous upswing, surging by 25% in the past 24 hours alone. Breaking through multiple resistances, this significant rally sets the stage for a potential push toward the $3 mark. With such impressive price action, market indicators like Bollinger bands and RSI suggest further upside potential for BONE, reinforcing the bullish sentiment surrounding the token.
Shibarium Release Spurs Price Surge, Shiba Inu Ecosystem’s Prominence
In a remarkable development, Shytoshi Kusama, the lead developer of Shiba Inu, announced that the Shiba Inu ecosystem has been chosen as the title sponsor for the Blockchain Futurist Conference. This prestigious event will witness the unveiling of Shibarium, along with the release of the ecosystem’s comprehensive “Worldpaper.” The community eagerly awaits these groundbreaking revelations, which are expected to take place during the upcoming conference.
The Shiba Inu ecosystem’s official content marketing specialist, Lucie, accurately predicted the price trajectory of Bone ShibaSwap (BONE) a few days before the announcement. Lucie forecast that BONE’s price would begin its ascent toward the $2 to $3 range. At that time, BONE was trading below $1, but it has since reached an impressive $1.4.
As the anticipation for the Shibarium release builds, Shytoshi Kusama is set to make history by delivering a speech via artificial intelligence during prominent events such as the Blockchain Futurist Conference, ETH Toronto, and ETH Women. These innovative initiatives aim to showcase the ecosystem’s progress and introduce associated projects, including details about Doggy DAO and SHIB DOGGY DAO FOUNDATION, as well as its four ecosystem tokens.
Meanwhile, the Shibarium testnet, aptly named “Puppynet,” has already surpassed a remarkable milestone of 25 million transactions. This increased activity within the Shibarium network indicates a significant surge in demand and offers promising long-term prospects for both SHIB and BONE prices.
Furthermore, the imminent Shibarium launch is expected to decentralize the Shiba Inu ecosystem further, as the community assumes a more active role in decision-making processes. Currently, SHIB is trading at $0.00000729, while BONE is experiencing an upward trend at $1.3, showcasing positive momentum in the past 24 hours.