CryptosHeadlines.com - The Leading Crypto Research NetworkShibarium has made significant progress by reaching 1 million blocks, which is a sign of growth and successfully overcoming obstacles.
The Shibarium Network, a blockchain created to solve Ethereum’s scalability problems, has achieved a notable milestone that has grabbed the attention of investors. ShibariumScan reported that it has reached 1 million blocks, marking a significant advancement for the SHIB ecosystems. This milestone also underscores the increasing need for efficient and scalable solutions.
Shibarium Overcomes Hurdles, Reaches Significant Milestone
Shibarium’s journey to 1 million confirmed blocks wasn’t easy. After its launch, it faced problems with Ethereum’s bridge and block production due to unexpectedly high demand. This led to network congestion and put it in a “fail-safe mode.”
But the Shibarium team was determined and worked hard for several weeks. They managed to restore the Layer-2 network, and it has now reached the impressive milestone of confirming 1 million blocks, with an average block time of just 5 seconds.
Shibarium’s mission is closely linked to addressing Ethereum’s scalability issues. Ethereum, as the second-largest cryptocurrency, has struggled with network congestion and high transaction fees, limiting its ability to handle the growing demand for decentralized applications (DApps) and decentralized finance (DeFi) platforms.
As a Layer-2 solution, Shibarium aims to offer a more efficient and scalable option by working on top of the existing Ethereum blockchain. This approach focuses on faster transactions and lower fees, making it attractive to those looking to overcome Ethereum’s limitations.
The challenges Shibarium faced are not uncommon in the world of blockchain development. Many projects encounter obstacles during their growth. However, the SHIB community has praised Shibarium for overcoming these challenges and becoming stronger.
Additionally, Shibarium has seen a total of 3.34 million transactions, with the number of wallet addresses exceeding 1.25 million.
Could This Affect the Price of BONE?
The recent milestone achieved by the Shibarium blockchain is proof that it’s running smoothly, with most of its past problems resolved. Also, the increase in transactions and the number of wallet addresses show that more people are using this ecosystem.
Because of this, tokens like SHIB and BONE could benefit from Shibarium’s successful operation and growth. BONE, in particular, plays a crucial role as it’s used to cover gas fees for transactions. As more people get involved with the ecosystem, there’s likely to be more demand for this token in the open market.
However, the price of BONE was down 0.66% to $0.7973 at the time of writing, with its one-day trading volume decreasing by 21.41% to $3.11 million. On the other hand, the Shiba Inu price went up by 0.82% to $0.000007238, and its market cap increased by the same percentage to $4.27 billion.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

Shiba Inu marketing strategist Lucie has taken to X to explain the major reasons behind the creation of Bone (BONE), ShibaSwap’s governance token.

Read more on: https://thecryptobasic.com/2024/05/10/shiba-inu-team-unveils-main-reason-why-it-created-bone/
#SHİB #BONE #Crypto #CryptoNews” #CryptoNewsFlash

A special surprise has been foreshadowed by the head developer Shytoshi Kusama, and it appears that the Shiba Inu team has been working very hard over the past few months. The most recent development is a special announcement being made. It was the previous week that Kusama made the initial mention of the announcement. He stated that it would be "game-changing," and Lucie, who is the marketing head for Shiba Inu, stated that it would shatter the internet. During the time that the community is waiting with bated breath for this announcement, Kusama has provided further information on the partnership and the reasons why they are doing it.
Increasing the number of #Shiba Inus as pets all around the world
The developer Kusama expressed his excitement about the upcoming announcement, which is scheduled to take place this week, in a thread post that he made on X (which was then known as Twitter) on Friday, December 16. On the other hand, Kusama made a reference to the SHIB burns that the team is now carrying out in the article, so the announcement was not the only thing that was discussed.
In light of the fact that these $SHIB burns are now taking place, the principal developer has stated that there will only be significant burns if SHIB has been adopted on a worldwide scale. Kusama reveals that although there has been adoption of Shiba Inus all over the world over the course of the last year, it has not been sufficient, which is the reason why the team has signed their next alliance.
Kusama is of the opinion that the best way to encourage widespread acceptance of the blockchain and the token is to usher in a new era of cryptocurrency, blockchain, and Web 3-based application development. It is necessary, according to the creator, to do all of this through "a web of decentralized leaders, early adopters, and those tired of the status quo."
As Kusama continues to elaborate on the cooperation, he explains that the objective of the partnership is to offer "a finish line to this ground-breaking experiment known as Shiba Inu." He went on to say that "it has the potential to expand the territory of our state and will firmly establish the #SHIBARMY as the greatest community in the world, but only with your assistance."
As part of its commitment to fulfill its pledge to burn vast quantities of SHIB, the Shiba Inu team has made progress with their plan to engage in mass burning. The crew successfully finished their second major burn in the span of a month on Sunday. At the time of the fire, it consumed more than 8.6 billion SHIB, which was equivalent to $85,597.
As a result of the burn, the #SHIB burn rate increased dramatically, which resulted in a significant increase of 779 thousand percent in the burn rate in just one period of time. In the first huge burn, which took place on December 5 and involved the destruction of a little more than 8.2 billion tokens, this burn followed the same pattern as the previous largest burn.
Given that Kusama has already made reference to the fact that more than $1.2 million worth of SHIB was destroyed, it is anticipated that there will be a great deal of other major burns in the future. The total #BONE value that has been acquired as a result of fees from the Shibarium network is the source of this number. There is a possibility that the price of the meme currency may increase as these fires continue to take place since it is anticipated that the community's level of enthusiasm will increase.

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.

Some of the largest whales in the Shiba Inu ecosystem are packing their bags and making their way to the #BONE Shibaswap, which has recently seen an increase in investment. Whales of BONE tokens have increased their holdings by nearly 43% in the past month, as reported by statistics from IntoTheBlock. 
Big Investors Stocking Up on BONE Before a Rally
Since the introduction of Shibarium, BONE (Shibaswap) has been one of the most valuable tokens in the Shiba Inu ecosystem, rising steadily in value to reach $1.70 in August. Since then, however, momentum in the Shiba Inu ecosystem has slowed, and the coin has given up a good portion of its earlier gains.
BONE has a current price of $0.7813, a market size of $195,000,000, and a maximum quantity of 230,003,023 tokens in circulation. 
According to on-chain statistics compiled by intelligence firm IntoTheBlock, the vast majority of this market valuation is held by just 12 "whale addresses" with a combined 108.53 million tokens. However, over the past month, these whale wallets have been slowly but surely amassing BONE.

Over the last week, there has been a +272.92% rise in the total net movement between addresses accounting for at least 0.1% of the entire market value. In the last 30 days, a comparable statistic tracking the circulation of BONE tokens has revealed a +19.74% growth in the concentration of these tokens in whale addresses (wallets holding more than 1% of the entire supply). 
In contrast, the percentage of coins held by the top 1,000 wallets (those with between 0.1 percent and 1 percent of the entire supply) has decreased by 1.3 percent during the previous month.
Price movement as of late suggests the possibility of rising prices.
After a prolonged bull run following the debut of Shibarium, BONE is now on a downward trend. According to the data, just 34% of investors are profitable at the present pricing. But the 33.48% increase in BONE's trading volume over the last 24 hours is a positive reversal signal, suggesting that individual investors may become more eager to acquire the cryptocurrency. 
The current price of BONE shows that it is at a significant support level of $0.76. The bulls' reaction to the support might trigger a new upswing. However, if the token price drops below the support, it might signal additional losses.
This follows the recent decision by #ShibaInu primary developer to abandon the BONE smart contract. When developers renounce the contract, the token becomes totally decentralised because it is no longer under their control. 

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