Shiba Inu Sister Token Spikes 4%, Outperforms DOGE and PEPE, After Lead Developer Says BONE To Serve As Passport To Shibarium
Portfolio Pulse from Mehab Qureshi
Bone ShibaSwap (BONE) token within the Shiba Inu (SHIB) ecosystem has outperformed Dogecoin (DOGE) and Pepe Coin (PEPE), rising by 4% in the last 24 hours. This surge comes after SHIB lead developer announced plans to bolster the operations of Shibarium, an upcoming Layer 2 blockchain, by minting the remaining supply of BONE tokens. BONE will serve as a “passport” to the future, as token holders will have the opportunity to obtain a share of rewards.
August 01, 2023 | 4:00 am
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POSITIVE IMPACT
BONE token has outperformed DOGE and PEPE, rising by 4% in the last 24 hours after SHIB lead developer announced plans to bolster Shibarium operations by minting remaining BONE supply.
The announcement of minting the remaining supply of BONE tokens to bolster the operations of Shibarium has led to a surge in the value of BONE token. This indicates a positive sentiment among investors, leading to a potential increase in the short-term price of BONE.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The announcement of minting the remaining supply of BONE tokens to bolster the operations of Shibarium has led to a surge in the value of BONE token within the SHIB ecosystem.
The positive news surrounding BONE and Shibarium could potentially lead to a short-term increase in the price of SHIB, as BONE is a part of the SHIB ecosystem.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
DOGE was down 3% in the last 24 hours, underperforming compared to BONE.
The underperformance of DOGE compared to BONE could be due to the positive news surrounding BONE and Shibarium. This could potentially lead to a short-term decrease in the price of DOGE.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
PEPE was down over 7% in the last 24 hours, underperforming compared to BONE.
The underperformance of PEPE compared to BONE could be due to the positive news surrounding BONE and Shibarium. This could potentially lead to a short-term decrease in the price of PEPE.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80