Shiba Inu layer-2 blockchain Shibarium gas token Bone ShibaSwap (BONE) token has surged more than 35 percent and entered the top 100 crypto list after lead developer Shytoshi Kusama announced that the Shibarium mainnet release and Worldpaper will arrive in August. In the last 24 hours, BONE price has skyrocketed 25 percent after breaking multiple resistances and is poised to rise to $3.
BONE price increased in anticipation of Shibarium release
Shiba Inu developer Shytoshi Kusama previously announced that Shiba Inu is the title sponsor of the Blockchain Futurist Conference, where the “Worldpaper” of Shibarium and the ecosystem will be published.
A few days before the announcement, Lucie, the official content marketing expert of the Shiba Inu ecosystem, predicted that the Bone ShibaSwap price would start climbing towards $2-3 on July 3. At that time, ShibaSwap price was trading below $1, now it has reached $1.4.
BONE price broke above multiple resistances and ascending channels to reach a 24-hour high of $1.4. Bollinger bands and RSI are pointing to further upside amidst the ongoing activity, indicating that price action is bullish. The resulting rally could push the BONE price to $2 within weeks and to $3 after the launch of Shibarium.
Shibarium broadcast and testnet “Puppynet” efficiency
During the Blockchain Futurist Conference, ETHToronto and ETHWomen events, Shytoshi Kusama will give a speech through artificial intelligence for the first time. Additionally, the team will reveal Shibarium-related projects and details regarding Doggy DAO and SHIB DOGGY DAO FOUNDATION, as well as four ecosystem tokens. Additionally, other partners and projects built with Unification, BadIdea.Ai and Shibarium Tech will also be showcased at the event.
Meanwhile, Shibarium testnet “Puppynet” has surpassed the 25 million transaction milestone. The increase in Shibarium network activity indicates a huge demand and increase in SHIB and ShibaSwap prices in the long term. The Shiba Inu ecosystem will become more decentralized after the launch of Shibarium as the community takes over decision-making for the ecosystem.
SHIB price is currently trading at $0.00000729 and BONE price is trading at $1.3, rising over the last 24 hours.