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The trade volume of Shiba’s $BONE token surging rapidly

The trade volume of Shiba's $BONE token surging rapidly 8

After getting listed on the Canadian exchange, the $BONE token got better traction in the crypto industry.

Shiba inu ($SHIB) is a popular meme coin and Shiba Inu Bone ($BONE) is a token of the Shibaswap ecosystem, a decentralised crypto exchange of the Shiba inu project. In short, the project team created additional coin without any proper reason and that coin is getting significant support because of the popularity of the Shiba inu token. 

Just two days ago, on 12 July, the $BONE token was listed by Canadian exchange Biconomy Global to allow the users to trade with the $BONE token against USDT. 

In less than 24 hours of launching, the trade volume of the $BONE token surged by around 83.25%.

@shibainuart Twitter user stated:

“Canadian Exchange @Biconomy_Global lists $BONE and captures 83.25% volume. They are also running a listing celebration for those who are interested in participating.”

The trade volume of Shiba's $BONE token surging rapidly 7

Earlier in July,  FCF Pay, a Canadian crypto payment platform, announced the support to allow the customers to use the $BONE token & $LEASH token as payment options. 

Last month, Estonian exchange Switchere announced the listing of $SHIB, $BONE & $LEASH tokens. 

Future use of $BONE token 

In the present situation, the $BONE token is not useful but in the future, the $BONE token will be useful to pay fees in the Shibarium blockchain ecosystem.

Indeed Shibarium is a layer2 scaling solution provider blockchain project under the Shiba inu project. After the mainnet launch of Shibarium, it will only support the $SHIB token and use $BONE as a native token. 

Many experts like Dogecoin co-founder Billy Markus believe that the Shiba inu project team is only trying to make money for the team and they don’t want give any benefit to the Shiba inu token holders. 

In particular, we can see that the Shibarium blockchain will only support the Shiba inu token but not help to increase the use case.

Read also: South African Reserve Bank seeks to introduce crypto-friendly policies

The trade volume of Shiba’s $BONE token surging rapidly






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