Why Is Shiba Inu Sister Token Surging Over 10% Today?
Portfolio Pulse from Mehab Qureshi
The Shiba Inu ecosystem token BONE gained over 10% in the past 24 hours, outperforming other popular cryptocurrencies like Dogecoin and Pepe Coin. This surge is attributed to the nearing completion of the minting of the remaining BONE supply. The Shiba Inu development team has confirmed this progress. The rewards associated with BONE on the ShibaSwap platform will end upon the completion of the BONE minting process and will shift to a new token named “TREAT.”
September 27, 2023 | 5:23 am
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NEGATIVE IMPACT
Dogecoin's performance was outshined by BONE's surge.
Dogecoin's performance was overshadowed by the surge in BONE's price. This could potentially lead to a short-term decrease in Dogecoin's price as investors may shift their focus to BONE.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Pepe Coin's performance was outshined by BONE's surge.
Pepe Coin's performance was overshadowed by the surge in BONE's price. This could potentially lead to a short-term decrease in Pepe Coin's price as investors may shift their focus to BONE.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
BONE token's price surged due to the nearing completion of its minting process.
The nearing completion of the minting process of BONE tokens has led to a surge in its price. This is because the completion of the minting process signifies a significant milestone for the token, leading to increased investor interest.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Shiba Inu's ecosystem benefits from BONE's surge.
The surge in BONE's price, a token in the Shiba Inu ecosystem, is beneficial for Shiba Inu as it signifies the success of its ecosystem. This could potentially lead to a short-term increase in Shiba Inu's price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80