In a recent tweet, well-known crypto enthusiast Eric Cryptoman has drawn attention to the remarkable performance of Bone ShibaSwap’s native gas token, BONE, which has surpassed the market giants Ethereum (ETH) and Bitcoin (BTC) by a factor of 4x. Cryptoman, renowned for his support of unconventional cryptocurrencies, highlighted the liquidity and potential investment attractiveness of BONE, further speculating on its prospects.
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Cryptoman Expresses bullishness towards BONE.
Cryptoman’s tweet, accompanied by a screenshot displaying an impressive 16.73% surge in the value of BONE, serves as a follow-up to his previous post from last month. In that post, he identified a support level for the token, deeming it a point of maximum financial return. He expressed optimism about the emerging Shibarium ecosystem and its potential to drive a substantial rebound of 2.5x or greater, given the traction gained by the gas token.
$BONE out performing $ETH and #Bitcoin by 4x, on deep 8 figure liquidity.
$2-2.50 is a magnet.
Hindsight will be a bitch. #SHIB has multi millions of holders and the gas token for the L1 which if close to release has 80,000? 🦴 https://t.co/LiimPy3q10 pic.twitter.com/NMp4MfMqdt
— Eric Cryptoman (@EricCryptoman) July 4, 2023
Shibarium will bring a significant influx of investors to Shiba Inu
With Shibarium nearing its launch, Cryptoman believes that the ecosystem has the potential to attract a significant influx of investors, further bolstering the price of BONE. This speculation aligns with Cryptoman’s history of supporting unconventional cryptocurrencies, which he often refers to as “shitcoins,” and his confidence in their ability to weather bear markets.
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Bone ShibaSwap’s BONE token has emerged as a strong contender, demonstrating its resilience and attracting attention from seasoned crypto enthusiasts like Cryptoman. Its liquidity, reportedly in the eight-figure range, makes it an attractive investment option for traders looking for potentially higher returns.
At the time of Cryptoman’s tweet, the price of BONE gravitated toward the $2 to $2.50 range, indicating a favourable price point for potential investors. The impressive surge highlighted in the screenshot suggests that the token has experienced a significant upswing in value recently, further solidifying its position in the market.
$BONE back to it's support/potentially the point of maximum financial return.
Looking for a liquid 2.5x bounce here or more if #Shibarium is successful.
Wouldn't want to fade the gas token on a community of millions of holders like #SHIBARMY pic.twitter.com/qxrBpd4Fy2
— Eric Cryptoman (@EricCryptoman) June 21, 2023
As Shibarium, the ecosystem behind BONE, approaches its launch, market participants are keeping a close eye on its progress. If the project can deliver on its promises and gain widespread adoption, it may lead to increased interest in BONE and potentially drive its price even higher.
It is important to note that while Cryptoman’s endorsement can influence market sentiment, investors must conduct thorough research and exercise caution when making investment decisions. The cryptocurrency market is highly volatile, and prices can fluctuate rapidly, leading to potential gains or losses.
Disclaimer: The information provided in this article is for informational purposes only and should not be considered financial or investment advice.
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