Shiba Inu is an Essential Asset for Any Investors Portfolio, Says SHIB Team
The marketing lead for Shiba Inu, Lucie, has highlighted the importance of Bone ShibaSwap (BONE) and its potential value for investors. According to Lucie post shared on their official X account, BONE is a key part of the Shiba Inu ecosystem and has the potential to increase in demand and value.
BONE’s Integration
Lucie emphasized that BONE is the official gas fee token of Shiba Inu’s layer-2 blockchain, Shibarium. This means that users of Shibarium need to use BONE to carry out transactions on the L2 network. Additionally, Lucie revealed that BONE will become one of the governance tokens in Shiba Inu’s decentralized autonomous organization (DAO) once it becomes operational. This would allow users to use BONE to vote on important decisions that could affect the future of the ecosystem.
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BONE Supply
Lucie also mentioned the limited supply of BONE as a factor that could increase its demand and value. Currently, BONE’s supply is capped at 250 million, with 229.92 million tokens in circulation. Lucie believes that the limited supply of BONE could drive up its value as demand grows. Furthermore, she indicated that BONE will have an important role in Shiba State by setting standards and guidelines for data privacy, technology, and digital rights. Lastly, Lucie suggested that as the ecosystem expands with new partnerships and projects, the demand for BONE will increase, potentially driving up its price.
However, Lucie clarified that her comments about BONE are not financial advice, and investors should be cautious.
Final Thought and Price Action
BONE is trading at $0.3645, representing a 13.41% decline in the last 24 hours. Over the past seven days, BONE has experienced a 28.21% decrease, consistent with the broader market trend in the crypto space. Meanwhile, the token’s 24-hour trading volume has increased by 110.57% to $10.88 million. With a market cap of $83.47 million, BONE is currently ranked as the 328th largest cryptocurrency in the market.
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Dr. Olajide Samuel juggles the demands of medical studies with a passion for cryptocurrency. A seasoned blogger, Olajide shares his vast global knowledge of the crypto space, offering insights to enthusiasts. Despite his busy schedule, his commitment to crypto remains strong, and he actively seeks ways to contribute to its future.
