Shibarium Relaunch Ignites Bullish Trend For BONE
Bone Shibaswap (BONE) has seen a significant price increase of around 17% following the relaunch of Shibarium. The relaunch made the layer 2 blockchain open to the public, resulting in new milestones for the BONE token. The number of BONE addresses has also risen to 90,151, while the burn rates for SHIB are high.
Key Points:
– BONE token has experienced a 17% price increase in the last 24 hours.
– The relaunch of Shibarium has led to new milestones for the token.
– BONE holders are experiencing varying levels of profitability, with 68% in a profitable position and 19% facing losses.
– Shibarium’s Lead Developer, Shytoshi Kusama, plans to add new features and integrate a Self-Sovereign Identity (SSI) into Shibarium.
– The recent relaunch has pushed active addresses in the Shibarium mainnet to over 50,000.
SHIB Community Embraces Shibarium Relaunch And Modifications
The SHIB community has eagerly awaited the relaunch of Shibarium after its initial suspension. The mainnet underwent reconfigurations and testing to strengthen its network after facing high traffic and an overwhelming increase in adoption. Despite a slight decline in Shiba Inu’s price performance following the temporary shutdown, the cryptocurrency is now on a recovery trend and becoming increasingly popular in the crypto space.
Key Points:
– Shibarium’s temporary shutdown was due to high traffic and increased adoption.
– The mainnet underwent tweaks and is now stronger than before.
– Active addresses in the Shibarium mainnet have surpassed 50,000 and are expected to continue rising.
– Lead developer Kusama plans to increase the layer 2 network’s capacity by 1,500%.
– Shiba Inu is expanding into new geographical regions for better adoption, including Brazil through Binance Pay.
Hot Take:
The relaunch of Shibarium has sparked a bullish trend for the BONE token, resulting in significant price increases and profitability for many holders. The SHIB community has embraced the relaunch, and Shibarium’s modifications are expected to further strengthen the network and drive adoption. Shiba Inu’s recovery trend and expansion into new regions indicate its growing popularity in the crypto space. Overall, the future looks promising for Shibarium and its associated tokens.
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