Shibarium Release Fuels BONE Price 35% Rally, Eyes $3

Shiba Inu layer-2 blockchain Shibarium gas token Bone ShibaSwap (BONE) token soared more than 35% and entered the top 100 crypto list after lead developer Shytoshi Kusama announces that Shibarium mainnet release and Worldpaper are coming in August. In the last 24 hours, BONE price skyrocketed by 25% after breaking multiple resistances, preparing for a rally to $3.

BONE Price Skyrockets on Shibarium Release Anticipation

Shiba Inu lead developer Shytoshi Kusama earlier revealed that Shiba Inu is the title sponsor of the Blockchain Futurist Conference, where Shibarium and ecosystem’s “Worldpaper” will be released.

A few days before the announcement, Shiba Inu ecosystem’s official content marketing specialist Lucie on July 3 predicted Bone ShibaSwap (BONE) price to start climbing towards $2-$3. At that time BONE price was trading below $1, now it has hit $1.4.

BONE price breaks above multiple resistances and the ascending channel to hit a 24-hour high of $1.4. It shows the price action is bullish, with Bollinger bands and RSI pointing to more upside move amid continued strength. The resultant rally can take BONE price to $2 in weeks and $3 after the Shibarium release.

$BONE is pumping even when market is down 🙌🏻

Next targets: 1.35, 1.39, 1.42, 1.47
Supports: 1.32, 1.28

Send it to the moon 🔥🚀🚀 pic.twitter.com/oNpIIkt2Sm

— $SHIB KNIGHT (@army_shiba) July 8, 2023

Also Read: Developer Professor Edward Kim Unveils Terra Luna Classic’s (LUNC) AI Chain “Block Entropy”

Shibarium Release and Testnet “Puppynet” Efficiency

During the Blockchain Futurist Conference, ETHToronto, and ETHWomen events, Shytoshi Kusama will give a speech via AI for the first time. Also, the team will announce projects associated with Shibarium and details on Doggy DAO and SHIB DOGGY DAO FOUNDATION, as well as its four ecosystem tokens. Moreover, Unification, BadIdea.Ai, and other partners and projects building with Shibarium Tech will be on display at the event.

Meanwhile, the Shibarium testnet “Puppynet” has surpassed the 25 million transactions milestone. The increase in Shibarium network activity indicates massive demand and a boost in SHIB and BONE prices in the long term. The Shiba Inu ecosystem to become more decentralized after the Shibarium launch as the community takes over decision-making for the ecosystem.

SHIB price currently trades at $0.00000729 and BONE price is trading at $1.3, moving higher in the past 24 hours.

Also Read: US Fed Powell, ECB Lagarde Aggressively Hawkish, Can Bitcoin Price Still Hit $35000?

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Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.

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