Bone ShibaSwap Surges 7% Leaving Shiba Inu, Dogecoin, Pepe Coin In The Dust
Portfolio Pulse from Mehab Qureshi
Bone ShibaSwap (CRYPTO: BONE) has surged 7% in the last 24 hours, outperforming other meme coins such as Shiba Inu (CRYPTO: SHIB), Dogecoin (CRYPTO: DOGE), and Pepe Coin (CRYPTO: PEPE) which have seen declines. The surge in BONE's price is attributed to an announcement by Shytoshi Kusama, the lead developer in the Shiba Inu ecosystem, about plans to transition the Shiba Inu Layer 2 blockchain network, Shibarium, into private mode.
August 21, 2023 | 6:10 am
News sentiment analysis
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NEGATIVE IMPACT
Dogecoin (CRYPTO: DOGE) has seen a decline of 0.87% in the last 24 hours.
Dogecoin's decline could be due to the general market conditions or specific factors affecting the coin. However, the article does not provide specific reasons for the decline.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Pepe Coin (CRYPTO: PEPE) has seen a decline of 0.97% in the last 24 hours.
Pepe Coin's decline could be due to the general market conditions or specific factors affecting the coin. However, the article does not provide specific reasons for the decline.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Shiba Inu (CRYPTO: SHIB) has seen a decline of 2.05% in the last 24 hours.
Shiba Inu's decline could be due to the general market conditions or specific factors affecting the coin. However, the article does not provide specific reasons for the decline.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
NEUTRAL IMPACT
Ethereum (CRYPTO: ETH) is mentioned in the context of the Shiba Inu ecosystem's layer-2 blockchain, Shibarium, which is designed for Ethereum and has faced technical issues.
Ethereum is mentioned in the context of the Shiba Inu ecosystem's layer-2 blockchain, Shibarium, which is designed for Ethereum and has faced technical issues. However, the article does not provide specific information on how this impacts Ethereum's price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Bone ShibaSwap (CRYPTO: BONE) has surged 7% in the last 24 hours, likely due to the announcement of plans to transition the Shiba Inu Layer 2 blockchain network into private mode.
The surge in BONE's price is likely due to the announcement by Shytoshi Kusama, the lead developer in the Shiba Inu ecosystem, about plans to transition the Shiba Inu Layer 2 blockchain network, Shibarium, into private mode. This announcement could have sparked investor interest and driven up the price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100