Google Trend data reveals that the demand for the governance token of the Shiba Inu Ecosystem, Bone ShibaSwap inflated so much that the keyword “How to Buy BONE Token” soared, hitting breakout levels.
The following are the key causes for the increased searches:
Shibarium’s Long-Awaited Release
The most important cause for the increase in BONE searches is the much-anticipated Shibarium Launch. According to the most recent update from Unification XFUND, a blockchain service provider involved in developing the Shibarium Layer-2 Solution, the Shibarium Public Beta Testnet could launch in Q3. Because September is the final month of the third quarter, the Shiba Inu Community should expect breaking news concerning the Shibarium launch at any time.
In Shibarium Layer-2 Network, BONE has a strong utility case. Furthermore, it will function as Shibarium’s native “Gas Token,” which means that any transaction on the Shibarium network will require a BONE. Given the utility case of BONE in Shibarium, the Shiba Inu Community anticipates that with a much-limited number of 230 million BONE tokens compared to Shiba Inu, the BONE value will skyrocket with the introduction of the Shibarium network.
BONE Has Had an Incredible 14-Day Performance
Despite difficult market conditions, BONE has performed spectacularly during the last two weeks. CoinGecko, the world’s largest independent cryptocurrency data tracking website, states that the value of Bone ShibaSwap has surged by more than 100% in the last 14 days.
The BONE price was $0.8360 on August 25th. Because of high demand, the price of BONE jumped nearly threefold in just five days. On August 30th, 2022, BONE reaches a recent high of $2.38. Following then, there was a minor retreat in the BONE. BONE is trading flat at $1.73, up 6% from the previous day, with a 24-hour trading volume of $18,257,215 ($18.25M).
BONE Is Now Available on Major Centralized Cryptocurrency Exchanges
BONE support has been extended to major centralized cryptocurrency exchanges such as Hong Kong’s top exchange, LBANK and Cayman Islands-based global crypto exchange Bitmart. In addition, Crypto.com, one of the largest trading platforms, recently hinted to the Shiba Inu Community that they might list BONE.