20% price spike of “key to Shibarium” went unnoticed by SHIB and DOGE enthusiasts
BON, a token of the Shiba Inu ecosystem, is up 8% today, with only Dogecoin (DOGE) showing a similar result among tokens in the space.
What is even more impressive is that the price of BONE has increased by 20% in the last two weeks, and it seems to have happened without many people noticing. This is indirectly evidenced by the trading volumes presented on CoinMarketCap, which have remained near or below their average values.
That said, the project team has recently been actively sharing information On both the future of the token and Shiba Inu’s long-awaited Layer 2 solution, Shiberium, is where bone plays a key role.
What’s new about BONE?
BONE will become the currency for transactional fees on Shibarium, a gas token of the protocol, according to the official statements of the token’s account. Moreover, an updated version of ShibaSwap, where the token is also actively used, should be introduced soon.
So far, it all sounds like speculation, but BON price is reacting. It could either be another “buy the rumour, sell the news” story or someone is hoarding a huge amount of BONUS, but it has gone unnoticed as usual due to low liquidity.
