With a remarkable 3.8% increase, Bitcoin (BTC) had a thundering start to the new week on the cryptocurrency market. The market had significant liquidations in the amount of $39.22 million in just four hours, primarily from the negative side.
Although Bitcoin’s performance attracted notice, another component of the Shiba Inu ecosystem, BONE, stole the stage with a performance even more impressive.
The value of BONE, a token in the Shiba Inu ecosystem, skyrocketed by a mind-blowing 6.5%, hitting an astonishing $0.78 per token, marking its highest level in the previous week. SHIB, the main token in the Shiba Inu family, barely achieved a 2% increase during this market frenzy, in sharp contrast.
This increase is not just a brief spike for BONE; rather, it is a significant component of a remarkable trend. As a result, since the previous Friday, when it hit a low of $0.69 per token, the token has increased by more than 10%.
Looking ahead, it can be assumed that BONE’s upward trend will take it to the next big price level of $0.84 per token, which is a significant milestone. Shiba Inu’s token would have to increase by another significant 10% in order to reach this goal.
If this increasing trend keeps up, it might represent a significant development for the Shiba Inu ecosystem, altering the mindset of the whole SHIB community.
