Shiba Inu (SHIB) and Bone ShibaSwap (BONE) Prices Hit New Highs, Here's What's Driving Them
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РOver the past 24 hours and also in the past week overall, two major tokens of the Shiba Inu ecosystem, SHIB and BONE, have demonstrated a substantial rise, pushing the new local highs.
SHIB has hit the $0.000012 level, while the ShibaSwap Bone token surged to the $1.50 mark. SHIB has grown 6.40% since last morning and is now trading in the green at $0.00001221.
BOBONE price jumps driven by these stimuli**
BONE has shown a little pullback from the $1.50 level by now, exchanging hands at $1.48. Currently, the token's rise in the past 24 hours constitutes 3.66%.
Various factors have impacted the recent growth of these two meme coins, but the biggest one is that recently the upcoming launch of Shibarium beta version was announced by the SHIB developer team. Shibarium is the Layer-2 solution that allows users to conduct a bigger number of transfers on the network without any congestion, transact at low fees and at much higher speed than before.
BONE is meant to be the token to pay transaction fees on Shibarium with. This is why it has jumped in price significantly since the recent announcement about the beta release. Besides, as reported by U.Today earlier this week, the holder count of BONE reached the 67,000 mark, and now it has grown to 68,000+ as users have been stocking up on this token.
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