At the time of writing, the price of Bone #ShibaSwap was slightly above $0.82, forming the first green candle since the start of August.
Although there is a lot of market selling pressure for BONE, no significant dump has been seen.
The meme coin's network growth, which tracks the creation of new addresses on the network, is also being impacted by this strain.
One of the few meme coins that had a successful Monday was Bone ShibaSwap, commonly known as BONE. The meme coin is primarily known for being a component of the #Shibainu ecosystem, but it is gradually establishing itself as an own entity, assuming it can draw enough users to support its long-overdue recovery.
Price increase for BONE , but only temporarily Trading at $0.82 at the time of writing, the meme coin was up just under 6% over the previous day. Although a 6% increase in Bone ShibaSwap is not very noteworthy in light of recent events, it is quite significant.
The altcoin's value has dropped by 55% from the beginning of August, from $1.73 to $0.81. During this time, the meme coin also saw a death cross, which is a bearish indicator and is indicated by the crossing of the 200-day exponential moving average (EMA) and the 50-day EMA.
When this is combined with the Relative Strength Index (RSI), it becomes evident that a clearly bearish conclusion is likely because the indicator is currently situated deep within the bearish zone.
The year-to-date low for Bone ShibaSwap would be $0.68 if the meme coin's price continued to fall. Long-term, however, the bearish thesis would be refuted if the altcoin manages to defy all expectations and grow by 20% to reach the barrier at $1.01 and shatter it.

1-day BONE/USD chart
The altcoin may also make the 50-day EMA an ally by turning this level into support, which would strengthen a rally.
Probabilities of recovery are slim.
After this surge, the likelihood of an increase is not very high. The investors' pessimism is what's causing this. According to the daily transactions made on-chain, 20.58 million BONE, worth around $16.82 million, were traded for less than they cost to buy.
As a result, more transactions went bad, while fewer than 500,000 BONE tokens were traded profitably at a price higher than the original purchase price. A surge in loss-bearing transactions typically indicates that investors are growing impatient and may be ready to sell their assets. This increased selling pressure worsens the meme coin's bearishness.

Any sales would frighten both potential investors and those who are currently holding BONE. The network's newly generated addresses may experience a further fall, which would have an effect on the network's growth, which is already at a two-month low.
The metric is meant to gauge a project's market traction, and in the instance of Bone ShibaSwap, new investors' interest isn't particularly high.

Shiba Inu lead developer Shytoshi Kusama has teased the arrival of ShibaSwap 1.75 ahead of the much-awaited ShibaSwap 2.0.

Read more on: https://thecryptobasic.com/2024/04/22/shiba-inu-lead-teases-launch-of-shibaswap-1-75/
#SHİB #ShibaSwap #Crypto #CryptoNewssCommunity #CryptoNews”

#Shibainu (SHIB) and Bone #ShibaSwap (BONE) were sold by the unidentified large investor (sometimes referred to as whales) in order to purchase 1.7 trillion #PEPE tokens.

By selling all of her Shiba Inu (SHIB) and Bone ShibaSwap tokens, the mysterious whale amassed 1.07 trillion PEPE, or $1.28 million, according to a recent report from Lookonchain, a well-known blockchain activity tracking website (BONE).

The whale reportedly sold 979,469 Bone ShibaSwap (BONE) tokens worth $1.44 million (787 ETH) at an average price of $1.47 over the course of the previous three days, according to Lookonchain.

Also, the unidentified investor sent a single transaction of 1,303,980 ($1.30 million), or 142,980,265,938 (142.98 billion) SHIB, to a wallet identified as Binance 14. The transaction is carried out precisely at 12:29:35 AM +UTC on August 17, 2023, according to data from Etherscan.io.

Shortly after, the whale acquired 1,068,448,646,503 (1.06 trillion) PEPE, which were sold for $1,276,450 ($1.27 million).

Shiba Inu Ecosystem's SHIB and BONE tokens are being sold after Beosin, a reputable company that specialises in risk analysis for the cryptocurrency industry, identified an emerging critical issue on Shibarium Mainnet. Boesin said that the Shibarium cross-chain bridge became jammed with over 965 ETH worth $1.7 million, which stopped block production. Boesin recommended the users to exercise cautious and forego utilising the Shibarium Mainnet at this time.

The fact that the Shibarium developers haven't yet addressed the issue has some cryptocurrency fans worried.

The unexpected development has significantly reduced the price of SHIB and BONE. Shiba Inu is currently trading 8% lower than the previous day at $0.000009071, while the price of BONE fell 19.42% to $1.24 as of the time of publication.

On the other hand, PEPE is currently trading at $0.000001193, down -5.03% from the previous day, with a $129,420,426 ($129.42 million) 24-hour trading volume.

The prospect of Bone #ShibaSwap (BONE) being listed on Binance has the $BONE community agog. Due to BONE's inclusion in Binance's #DeFi area, there have been rumours that the company may soon list on the platform.The community's increasing excitement about a possible #Binance listing has been linked to BONE's significant contribution to the ShibaSwap platform and Shibarium’s impending mainnet launch.Despite the fact that Binance has not formally declared or validated the listing of BONE, the following developments have encouraged community members:BONE's price increased amid a period of cryptocurrency market sell pressure; this is ascribed to the community's increasing excitement around a possible Binance listing.Binance enabled price tracking for BONE, demonstrating their involvement in the Shiba Inu ecosystem.Excitement around BONE's possible listing on Binance has increased after a recent #cryptonews regarding contract repudiation.Given that Binance is the biggest cryptocurrency exchange in terms of trading volume, listing #BONE there might greatly increase the token's market share and volume of trade.

The Shiba Inu team has almost completed the minting of Bone ShibaSwap (BONE), an integral step towards renouncing the token’s contract. 
Read more on: https://thecryptobasic.com/2023/09/25/shiba-inu-latest-update-on-bone-renouncing-minting-bone-almost-complete/
#SHIB #Shibainu #BONE #ShibaSwap #crypto

Currently, Binance does not list the Bone #ShibaSwap (BONE) for trade or service. Nonetheless, there are rumours circulating in the community regarding #BONE possibly listing on Binance soon. Price estimates for BONE range from $1.98 in 2024 to $4.31 in 2025, according to some #cryptonews .It's crucial to remember that these are only estimates, and that a number of variables, such as trading volume and #Cryptocurrencies market demand, will affect the real price of BONE. BONE is currently available for $0.616357. The price of BONE would fluctuate based on market conditions and investor attitude if it were to be listed on #Binance in the future.Nevertheless Bone ShibaSwap may reach back all-time high of $41.67

The individual known as "Ryoshi," who is the originator of the meme coin Shiba Inu (SHIB), has been publicly addressed by Shibburn, a burn tracker dedicated to monitoring the token's burn activity. The community initiative appeared to imply that Ryoshi's actions were not aligned with the optimal interests of the SHIB ecosystem.
The impact of the "Ryoshi" mechanism on the burn rate of SHIB
Shibburn made a number of assertions on their X (formerly known as Twitter) platform, claiming that the creators of the token had not consistently demonstrated integrity in their transactions. The platform has indicated that the founders have effectively mitigated the token's burn rate by implementing a deliberate decision to refrain from burning more than 103 trillion SHIB. The aforementioned accusation originated from their assertion on Ryoshi's SHIB holdings.
According to Shibburn, it has been asserted that Ryoshi made false statements on the quantity of SHIB tokens they possessed. The authors said that the originator of SHIB made a statement asserting their possession of "0 SHIB," since any alternative action may potentially result in a conflict of interest. However, it was then revealed that Ryoshi had a substantial amount of SHIB tokens, estimated to be valued at more than $1 billion.
The founders have purportedly undertaken extensive measures to conceal their assets by transferring them around several wallets. Shibburn posits that their actions have hindered the progression of the ecosystem, as certain tokens intended for destruction have been affected. Shibburn made a claim asserting that Ryoshi had a lack of concern for the growth of SHIB and was primarily motivated by self-interest.
The founders of Shiba Inu are only driven by self-enrichment.
As part of the startling disclosures, Shibburn alluded to the possibility that Ryoshi's public perception may not align with their true identity. Alternatively, these individuals are characterized as a "collective of profit-driven investors" whose primary objective is to capitalize on the local community. In order to attain this objective, SHIB is purportedly seen as their lucrative asset, which they use as a mechanism for personal enrichment.
In addition to Ryoshi, the primary developer of SHIB, Shytoshi Kusama, was also implicated in the situation. #SHIBburn levied an accusation against the developer, questioning their authenticity as a legitimate developer, and insinuated that Shytoshi had ulterior motives centered around financial gains from the community. One example that was hinted to was the purported prize that the developers bestowed upon themselves in the form of a substantial quantity of $BONE upon the establishment of #ShibaSwap .
Shibburn suggested that the decision to designate BONE as a gas token for Shibarium may have been motivated by a desire to enhance the token's utility and improve its value. Shytoshi has not yet provided a response to the aforementioned charges, nor has any information been published on the official announcements blog, which is often utilized by the creators to provide frequent updates.
The #shiba breed appears to be unaffected by these accusations. Based on data obtained from CoinMarketCap, the current trade price of the meme coin is at about $0.000008189, reflecting an upward trend within the past 24-hour period.

At present, the price of #Shibarium gas token, $BONE, is approximately $0.80. In order to get to $100, #BONE would have to grow by 12,400%.In the short term, it is thought to be extremely unlikely that BONE will reach $100, even though it is not impossible in the long run. A prediction states that BONE #ShibaSwap would require a gain of 13,761.31% in order to reach $100.But according to the majority of sources, BONE is not likely to hit $100 in the upcoming ten years.To put things in perspective, assuming a fixed supply of 230 million #cryptocurrency coins, BONE's market cap would need to reach $23 billion in order to reach $100.This would place BONE above well-known projects like Polkadot, Solana, and Dogecoin and place it among the top 10 #Cryptocurrencies by market capitalization. In addition, BONE would have to overcome a number of obstacles and dangers, including rivalry from other DEXs and governance tokens, unpredictability in the regulatory landscape, network congestion, security lapses, and market volatility.In conclusion, BONE may eventually reach$100, but it is extremely unlikely that it will do so in the upcoming ten years.

#Shibainu and Bone #ShibaSwap have seen enormous price increases in the previous seven days as the Shibarium debut approaches

The market indicators and on-chain analytics provided by #SHIB highlighted what was working in its advantage.

#Shibarium 's enthusiasm was partly to blame for things going bullish.

Shiba Inu [SHIB] has decoupled from the cryptocurrency market, with both its daily and weekly charts turning green. Unlike other cryptocurrencies, SHIB managed to increase in value during a bad market. The next ETH Toronto event, which will feature information about its much-hyped Shibarium, might be a trigger for this expansion.

Although the majority of the cryptocurrency market remained under the bears' control, Shiba Inu dissociated. According to CoinMarketCap, the price of SHIB has increased by more than 5% and 10% in the previous 24 hours and week, respectively.

It was trading at $0.000008651 at the time of writing, with a market value of nearly $5.1 billion, making it the 14th biggest cryptocurrency.

Together with the price, SHIB's 24-hour trading volume increased by 34%, which was positive. A peek at SHIB's daily chart revealed more about what fueled this increase.

A few days ago, the Exponential Moving Average (EMA) Ribbon showed a #bullish crossing. Moreover, Shiba Inu's Relative Strength Index (RSI) increased.

SHIB's Chaikin Money Flow (CMF) also increased and surpassed the neutral level.

Surprisingly, whale activity surrounding SHIB surged as well, as seen by a jump in its whale transaction count. Moreover, statistics from Whalestats indicated that the memecoin was the most traded token among the top 100 Ethereum whales in the previous 24 hours.

The memecoin's MVRV Ratio grew as a result of the price rise. Nonetheless, given SHIB's great popularity, a drop in social volume was unexpected. For the previous several days, the measure has dropped.

As a result, there is a chance that SHIB's price movement may become negative in the coming days.

As SHIB experienced price increases, BONE ShibaSwap [BONE] also experienced price increases. In the weekly chart, BONE beat SHIB. According to CoinMarketCap statistics, BONE has increased by more than 23% in the previous week. It was worth $1.65 at the time of publication, with a market valuation of more than $379 million.

The Shibarium craze

Whilst SHIB's recent advance might be ascribed to favorable market indications and analytics, the approaching event should also be given appropriate credit. The Ethereum Toronto event will take place on the 15th and 16th of August, with important announcements for Shibarium anticipated.

As the event date approaches, Shiba Inu's marketing staff is working hard to generate anticipation. LUCIE recently tweeted about Shibarium's goal and how the blockchain intends to include Self-Sovereign Identity (SSI) into its protocols.

According to the tweet, the incorporation of SSI is intended to improve Shibarium security. SSI gives users greater control over their digital identities by allowing them to securely manage and share their personal data.

As the enthusiasm grows, it will be fascinating to observe how SHIB and other tokens in the ecosystem respond in the next days.

SHIBA INU (SHIB) is a meme token that has captured the attention of millions of crypto enthusiasts around the world. But SHIB is more than just a cute dog coin. It is also a thriving ecosystem that supports projects such as an NFT art incubator, a decentralized exchange, and a Layer-2 solution. In this article, we will explore some of the reasons why SHIB could soar by 1000% in 2024, making it one of the best crypto investments of the year. 🙌The Spot Bitcoin ETF Could Boost SHIB Demand 💹One of the most anticipated events in the crypto space is the approval of a spot Bitcoin ETF by the U.S. Securities and Exchange Commission (SEC). A spot Bitcoin ETF would allow investors to gain exposure to Bitcoin without having to deal with the technicalities of storing and securing their own coins. This would open the door for more institutional and retail money to flow into the crypto market, creating a positive spillover effect for other cryptocurrencies, including SHIB. 📈According to a report by Bloomberg, the spot Bitcoin ETF market could grow to $100 billion over time, attracting inflows from both existing and new crypto investors. A report by Galaxy estimates that spot Bitcoin ETF products could see inflows of $14 billion in the first year and $39 billion within three years. These numbers suggest that the demand for Bitcoin and other crypto assets could surge significantly in 2024, especially if the SEC approves the first spot Bitcoin ETF in January, as some analysts expect. 🤞SHIB could benefit from this increased demand, as it is one of the most popular and accessible meme tokens in the market. SHIB is currently ranked #16 by market capitalization on CoinMarketCap, and it is available on many major exchanges, including Coinbase, the largest U.S.-based crypto exchange. SHIB also has a loyal and active community of supporters, who call themselves the SHIB Army, and who are constantly promoting and developing the project. 🐶The Shiba Inu Ecosystem Could Expand and Innovate 🚀Another reason why SHIB could skyrocket in 2024 is the potential growth and innovation of the Shiba Inu ecosystem. SHIB is not just a token, but also a platform that supports various projects and initiatives. Some of the most notable ones are:ShibaSwap: a decentralized exchange that allows users to swap, stake, and provide liquidity for SHIB and other tokens in the ecosystem, such as LEASH and BONE. ShibaSwap also offers rewards and incentives for users who participate in the platform, such as NFTs, governance rights, and special bonuses. ShibaSwap has been audited by CertiK, a leading blockchain security firm, and has over $300 million in total value locked (TVL) as of December 2023. 🦄Shibarium: a Layer-2 solution that aims to enhance the scalability and efficiency of the Shiba Inu ecosystem. Shibarium is based on Optimistic Rollups, a technology that enables fast and cheap transactions on the Ethereum network. Shibarium has processed over four million transactions as of November 2023, and it plans to launch its own native token, SHIBA, in 2024. SHIBA will be used to pay for gas fees and other services on Shibarium, and it will also be airdropped to SHIB holders who use Shibarium. 🔥Shiba Inu NFTs: a collection of unique and rare digital artworks featuring the Shiba Inu dog breed. Shiba Inu NFTs are created by talented artists from the Shiba Inu community, and they are sold on platforms such as OpenSea and Rarible. Some of the Shiba Inu NFTs have fetched high prices, such as the Shiba Inu Boss Logic NFT, which sold for 40 ETH (over $150,000) in October 2023. Shiba Inu NFTs also have utility, as they can be used to access exclusive content and events in the Shiba Inu ecosystem. 🎨These projects and more show that the Shiba Inu ecosystem is not just a meme, but also a serious contender in the crypto space. The Shiba Inu team and community are constantly working to improve and expand the ecosystem, adding new features, partnerships, and use cases. In 2024, we can expect to see more developments and innovations from the Shiba Inu ecosystem, which could boost the value and adoption of SHIB and other tokens in the platform. 🚀The Crypto Market Could Enter a New Bull Cycle 🐂The last reason why SHIB could soar by 1000% in 2024 is the possibility of a new bull cycle in the crypto market. The crypto market is known for its volatility and cyclicality, alternating between periods of euphoria and despair. Historically, the crypto market has followed a four-year cycle, driven by factors such as the Bitcoin halving, the macroeconomic environment, and the innovation cycle. The Bitcoin halving is an event that roughly cuts in half the rewards to Bitcoin miners for successfully mining the cryptocurrency, and it occurs every four years. The halving reduces the supply of new Bitcoins entering the market, creating a scarcity effect that tends to drive up the price of Bitcoin and other cryptocurrencies. The next Bitcoin halving is expected to take place in 2024, which could trigger a new wave of demand and speculation in the crypto market. 🌊The macroeconomic environment is another factor that influences the crypto market cycle. In times of economic uncertainty, inflation, and monetary easing, investors tend to seek alternative assets that can hedge against currency devaluation and offer higher returns. Cryptocurrencies, especially Bitcoin, have emerged as a viable alternative asset class, attracting more institutional and retail investors. In 2024, the global economy could face more challenges, such as the end of the pandemic stimulus, the rise of geopolitical tensions, and the emergence of new variants of the coronavirus. These challenges could increase the demand for cryptocurrencies, as investors look for safe havens and growth opportunities. 💰The innovation cycle is the third factor that affects the crypto market cycle. The crypto space is constantly evolving and innovating, creating new technologies, products, and services that enhance the usability, functionality, and value of cryptocurrencies. Some of the most notable innovations in the crypto space in recent years include decentralized finance (DeFi), non-fungible tokens (NFTs), and Layer-2 solutions. These innovations have expanded the use cases and adoption of cryptocurrencies, attracting more users and investors to the crypto market. In 2024, we can expect to see more innovations and breakthroughs in the crypto space, such as the launch of Ethereum 2.0, the integration of Web 3.0, and the development of metaverses. These innovations could create new markets and opportunities for cryptocurrencies, driving up their prices and adoption. 🚀Conclusion 🎁SHIBA INU (SHIB) is a meme token that has become one of the most popular and successful cryptocurrencies in the world. But SHIB is more than just a meme. It is also a thriving ecosystem that supports various projects and initiatives, such as ShibaSwap, Shibarium, and Shiba Inu NFTs. In 2024, SHIB could skyrocket by 1000%, making it one of the best crypto investments of the year. This could be driven by four factors: the approval of a spot Bitcoin ETF, the expansion and innovation of the Shiba Inu ecosystem, the occurrence of the next Bitcoin halving, and the emergence of a new bull cycle in the crypto market. If you are looking for a fun, exciting, and rewarding crypto investment, SHIB could be the perfect choice for you. 🙌Disclaimer: This article is for informational and entertainment purposes only. It is not financial advice or an endorsement of any cryptocurrency or project. Please do your own research and consult a professional before investing in any cryptocurrency. 🙏#SHIB #SHIBARMY #ShibaSwap #Shibarium #SHIBA

Shiba Inu (SHIB), the meme coin that has captured the hearts of millions of dog lovers around the world, is getting even better in 2023. Here are some of the latest developments in the SHIB ecosystem that are sure to make you wag your tail:

* **Shibarium:** Shibarium is a layer-2 solution for SHIB that is being developed by the Shiba Inu team. Shibarium is expected to make SHIB transactions faster, cheaper, and more energy-efficient. This will make SHIB a more attractive option for use as a payment currency and will also make it easier for people to use SHIB to buy goods and services.

* **SHIB Metaverse:** The Shiba Inu Metaverse is a virtual world that is being developed by the Shiba Inu team. The metaverse will feature SHIB-themed lands, games, and experiences. This will give SHIB holders a place to hang out with their fellow dog lovers and to explore a new digital world.

* **ShibaSwap:** ShibaSwap is a decentralized exchange (DEX) that is built on the Ethereum blockchain. ShibaSwap allows users to swap SHIB for other cryptocurrencies, provide liquidity to the SHIB ecosystem, and stake SHIB for rewards. This gives SHIB holders more options for how to use their tokens and helps to grow the SHIB ecosystem.

* **SHIB burn:** The Shiba Inu team has been conducting regular SHIB burns, which removes SHIB tokens from circulation. This reduces the total supply of SHIB, which can potentially increase the price of the token. The team has burned over 410 trillion SHIB so far, and they have plans to burn even more in the future.

These are just a few of the latest developments in the SHIB ecosystem. The Shiba Inu team is constantly working on new projects and initiatives, so it will be interesting to see what the future holds for this popular meme coin.

But one thing is for sure: the goodest of boys is only getting better. So if you're a fan of SHIB, you'll want to keep an eye on these developments and see how they can help to make SHIB the most popular meme coin in the world.

**P.S.** If you're looking for a fun way to get involved in the SHIB community, be sure to check out the SHIB subreddit and the SHIB Twitter account. These are great places to learn more about SHIB and to connect with other SHIB holders.

$SHIB

#ShibaSwap

#SHIB

#ShibaInu

#Shibarium