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.
BONE price has been rallying for the last one week.
The token has a pivotal role to play in Shiba Inu’s new blockchain layer
However, the token must be thoroughly minted before Shiba Inu’s layer 2 blockchain launches
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.
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.
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.