Bone Token Sees 10% Increase as Shiba Inu Developers Enhance Security
The Bone token, part of the Shiba Inu ecosystem, has experienced a 10% surge in value as developers take steps to improve security. The Shiba Inu ecosystem consists of three tokens: Bone, Treat, and Leash. These tokens are used for tax transactions and participation in governance decisions on the Shibarium blockchain.
Optimism Grows in the Shiba Inu Ecosystem
The Bone token (SHIB) has seen a significant increase of 10% in the past 24 hours, outperforming other cryptocurrencies. Its price reached 90 cents during Asian trading sessions and currently has a market capitalization of $233 million. This surge in confidence is due to developers completely abandoning the BONE token distribution contract, enhancing its security. Trading volumes associated with these tokens have also increased by over $3 million compared to the previous Monday.
Shiba Inu Addresses Reach 3.6 Million
Shiba Inu has achieved a major milestone with a record-breaking 3.6 million total addresses. Despite price fluctuations, Shiba Inu has maintained its user base and witnessed an increase in addresses with a positive balance. Currently, there are 1.25 million addresses with a balance in Shiba Inu, indicating continued popularity and investor sentiment.
Shibarium Platform Hits Milestones
The Shibarium layer-2 platform of Shiba Inu is experiencing significant growth alongside its main cryptocurrency. The platform’s account growth indicator has reached an all-time high of 26,112, demonstrating a growing user base and interest. Shibarium also boasts impressive numbers for cumulative contracts, wallet addresses, blocks, and transactions, confirming its position as a dynamic layer-2 solution in the Shiba Inu ecosystem.
Hot Take: Shiba Inu Continues to Impress
Shiba Inu’s Bone token surge and the growth in addresses and activity on the Shibarium platform highlight the resilience and appeal of this cryptocurrency ecosystem. The developers’ focus on enhancing security has boosted investor confidence, resulting in positive market performance. With its increasing user base and milestones being achieved, Shiba Inu remains a prominent player in the crypto world.
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