One of the tokens in the Shiba Inu ecosystem, Bone ShibaSwap (BONE), which reached a 24-hour high of 7.65%, has continued its upward trend today. The coin is presently trading at a price of $1.40, which is its highest trading level over the last seven days.
Since BONE has been sustaining a pretty clear gain across the board, it has been on many traders’ watch lists so far this week. As previously reported by U.Today, the much anticipated Shibarium introduction caused BONE to surge dramatically during the last few days. As the de facto governance token on Shibarium and the larger Shiba Inu ecosystem, BONE will be crucial.
The significant turning points in the Shiba Inu ecosystem have frequently resulted in substantial increase in BONE, demonstrating how pliable the token is to good news about the wider ecosystem.
Even with its fundamental growth parameters, Bone ShibaSwap has maintained a positive rise, demonstrating that investors are still keen on building up the asset. The excellent measure of the 24-hour trading volume, which has increased by more than 53% to $13 million, demonstrates that liquidity is still strong.
BONE dump coming soon?
BONE’s accumulation has reached its maximum point, and while a reversal through sell-offs is still a potential, there may be more upside for the token to touch in the near future.
The community has made some quite ambitious predictions about the price increase of BONE, with some predicting that the token would reach $5 by the end of the third quarter. Since the price of the currency would undoubtedly increase due to the expected launch of Shibarium the following month, traders may choose to keep acquiring the token rather than disposing of it immediately.
