Shiba Inu Governance Token Rallies Nearly 12% Amid Bitcoin, Ethereum, Dogecoin Weakness

Bone ShibaSwap (BONE), the governance token of the Shibaswap ecosystem spiked nearly 12% on Tuesday night to emerge as the top 24-hour cryptocurrency gainer beating the likes of Bitcoin BTC/USD, Ethereum ETH/USD, and bellwether meme coin Dogecoin DOGE/USD

What Happened: Shiba Inu (SHIB), Doge Killer (LEASH), and BONE are all tokens associated with the SHIB ecosystem. 

BONE’s recent ascent has been buoyed by the announcement of the beta launch of the long-awaited Layer 2 blockchain solution dubbed Shibarium by the project. 

The beta will be launching this week, according to the official Twitter handle associated with SHIB.

Price Action: BONE was up 11.4% at $1.72 at the time of writing, as per CoinMarketCap data.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: CryptocurrencyNewsTop StoriesMarketsMoversTrading IdeasBitcoinBONE ShibaSwapdogecoinEthereumShiba Inu
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!