BONE On The Rise: What is Behind the Meme Token’s Rally?

BONE is the token of the ShibaSwap DEX. BONE has grown in leaps and bounds as a beneficiary of the Shiba Inu ecosystem.

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BONE price has been rallying for the last one week.

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The token has a pivotal role to play in Shiba Inu’s new blockchain layer

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However, the token must be thoroughly minted before Shiba Inu’s layer 2 blockchain launches

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Bone ShibaSwap (BONE) has been on an upward trajectory recently. The token has been steadily surging on the charts, securing a spot as the 91st-largest token by market cap.

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The rise of BONE has been remarkable on all levels. In the past 24 hours, it has pumped 3% and 24% in the last seven days — making it among the top three largest daily gainers.

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So far, in 2023, it has performed well. It surged to $2 in February before plummeting — a casualty of the SEC suing Binance and Coinbase.

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