ShibaSwap Bone (BONE) Maintains Bullish Streak With An Impressive Surge Of 18.7%

August 27, 2023 - Around 2 mins mins to read

Key Points:

Shiba Inu’s sub-project, BONE, continues a strong 18.7% upward trend in the past week, attracting attention for its growing holder count and profitable metrics.
BONE’s rise is supported by a surge in holders, increased profitability, and a more balanced distribution of holders, setting it apart in the crypto space and reflecting broader trends in the market.

ShibaSwap Bone (BONE), a sub-project of Shiba Inu (SHIB), is making waves in the cryptocurrency market as its bullish momentum continues.

ShibaSwap Bone (BONE) Maintains Bullish Streak With An Impressive Surge Of 18.7%

Over the past 7 days, BONE has surged by 18.7%, outpacing several major crypto projects. Adding to its appeal, BONE has witnessed a notable surge in its holder count in recent days. Etherscan.io data reveals that the token boasts a staggering 90,000 wallets currently holding BONE.

Furthermore, BONE’s positive trend extends to its profitable holders. In the last 24 hours, the number of profitable holders has increased by 11.52%, contributing to a total of 68% profitable holders, as per insights from IntoTheBlock. This platform also noted a 1.97% growth in BONE’s network expansion.

While BONE’s major deals have slightly dipped by 4.94%, signaling a point of concern, its ecosystem demonstrates a different dynamic compared to Shiba Inu. Unlike SHIB, where a significant 77% of holders are classified as “whales,” ShibaSwap Bone presents a more balanced scenario, with approximately 54% of BONE holders identified as “sharks.”

This surge in BONE’s value and adoption can be attributed, in part, to the anticipation surrounding Shiba Inu’s layer2 Shibarium network reboot. Additionally, investors may be capitalizing on the potential benefits of investing in ShibaSwap Bone for long-term profitability.

As ShibaSwap Bone’s bullish trend and growing metrics capture the market’s attention, it underscores the dynamic and swiftly evolving nature of the cryptocurrency sector. These developments highlight the importance of staying informed, evaluating market trends, and considering various factors before making investment decisions in the digital asset landscape.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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