The Rise of Shiba Inu-Based BONE Token
In a surprising turn of events, the Shiba Inu-based BONE token has emerged as one of the top-performing assets in today’s crypto market. Here’s why:
– Positive Developments in the Shiba Inu Ecosystem: The recent overhaul of the Shibarium testnet explorer, Puppyscan, has provided a significant boost to BONE’s price. Additionally, the ongoing release of previously stuck BONE tokens to users has played a pivotal role in its success.
– Technical Glitch and Solution: The Shibarium layer-2 network faced a glitch with its bridge contract, resulting in a significant amount of Ethereum getting trapped. However, efforts have been made to resolve the issue and release the stuck tokens to users.
– Lucie’s Confirmation: Renowned Shiba Inu influencer, Lucie, has confirmed that many users have now received their previously stuck BONE tokens, as verified by several other users.
– Enhancement of the Shibarium Mainnet: Shytoshi Kusama has unveiled new features designed to enhance the user experience on the layer-2 scaling solution. The Shibarium mainnet is still in private mode, but anticipation for its public relaunch is driving BONE’s popularity.
– BONE Price Analysis: BONE has completed its retracement to the 61.8% Fibonacci retracement level and has risen above the 200-day EMA. Breaking the 38.2% Fibonacci retracement level will be crucial for further price development.
Hot Take
The positive developments within the Shiba Inu ecosystem and the ongoing optimization of the Shibarium mainnet have propelled the BONE token to new heights. With the resolution of technical glitches and the release of stuck tokens, BONE’s popularity is on the rise. As the price analysis suggests, BONE has the potential for further growth and may even reach new all-time highs in the future.
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