In a recent announcement, Swyftx, a popular crypto exchange in Australia and New Zealand, shared its decision to list the Bone ShibaSwap (BONE) token on its platform. As the governance token and gas token for the Shibarium Layer-2 blockchain, BONE has been gaining attention lately. However, the response to the BONE listing news has been underwhelming, with the token trading 3% down in the last 24 hours.
Swyftx’s listing of the BONE token followed a poll on Friday, where users were asked to vote for either Alchemy Pay (ACH) or Bone ShibaSwap (BONE) as the next token listed on the exchange. With a majority (90.7%) of the votes, BONE was selected, while Alchemy Pay received 9.3% of the votes. The Shiba Inu community expressed its appreciation for Swyftx’s decision, as many members believe that BONE could attract similar attention as the Shiba Inu token.
While the response to the listing is currently lukewarm, the Shiba Inu community has been buzzing with speculation about the potential release of the Shibarium Layer-2 blockchain. Shytoshi Kusama, the lead developer of Shibarium, recently paused the official Telegram group due to rising debate about the mainnet release date. This pause has only increased the speculation of its imminent launch.
In the midst of all this, Shiba Inu (SHIB) and BONE prices have not fared well. Amidst a cryptocurrency market crash on Saturday, SHIB’s price fell by 30% and has only recovered by about 10% since. Over the last 24 hours, the price further dropped by 2%, with a trading volume decrease of 30%. An analysis by CoinGape Markets suggests that Shiba Inu bulls must defend the 0.00000572 support level to prevent a further decline in SHIB’s price.
Similarly, BONE also experienced a drop in value, with its price currently trading at $0.68, down 3% in the last 24 hours and 11% in the past week. BONE’s 24-hour low and high are $0.690 and $0.713, respectively.
While the recent market fluctuations and the uncertainty surrounding Shibarium’s release date have cast a shadow over SHIB and BONE’s performance, it remains crucial for investors to keep a close eye on these developments. Following market research and understanding the implications of these changes will help crypto enthusiasts in making informed decisions. As always, it’s essential to remember that the opinions of the author or the publication are not to be held responsible for any personal financial loss.
Source: Coingape
