Key Points:
- Bone ShibaSwap (BONE) has seen a 25% increase in price over the past week.
- The surge in price is supported by a rise in daily active addresses since July 28.
- BONE failed to take advantage of the altcoin rally triggered by the Ripple case ruling on July 13.
- However, BONE has experienced a solo rally since July 18, with intermittent gains and a 24.91% increase in six days.
- BONE is currently trading at a four-month high and has surpassed the 50-day and 200-day EMAs, indicating bullish prospects.
- The recent rally is accompanied by a surge in daily active addresses, suggesting renewed investor interest.
Hot Take:
BONE has seen a significant increase in price and active addresses, positioning it as one of the top gainers in the past week. The rally has been driven by renewed investor interest and bullish momentum. While past performance is not indicative of future results, BONE’s current trajectory suggests potential for further gains. Investors should monitor the market closely and exercise caution when making investment decisions.
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