Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
The Shiba Inu governance token, BONE ShibaSwap (BONE), suddenly rose over 20% as its price dip to $1.61 on Sept. 11 was met with buying. Alongside the jump in price was a 255% increase in trading volumes. At the time of publication, BONE was changing hands at $1.96, up 17.16% in the last 24 hours, per CoinMarketCap data.
Over the weekend, BONE squashed the 230 million token cap, which led to the halting of BONE minting. While BONE’s maximum supply remains at 250 million, the remaining 20 million is left for gas and validators on Shibarium.
Bone was a top gainer in August, with its price boosted by news of exchange listings. In the past week, Cayman Islands-based crypto exchange BitMart announced the listing of BoneShibaSwap (BONE). In late August, the leading cryptocurrency exchange with over seven million users, LBANK, added support for Bone ShibaSwap on its platform.
Following the official halt of BONE minting, an upcoming reward token named “TREAT” will be introduced, deriving rewards for the SHIB Metaverse, the blockchain version of the SHIB CCG game, and the ecosystem in general. The timing of the “TREAT” token launch, however, remains unknown.
As reported by U.Today, holders of Shiba Inu and other cryptocurrencies supported by Binance Card can now enjoy 8% cashback on purchases made with their crypto. Likewise, holders can use their assets to make their purchases and pay bills at over 90 million Mastercard merchants worldwide, both in-store and online.
At the start of August, Binance added Shiba Inu and two other cryptocurrencies to the list of supported cryptocurrencies on Binance Card.
Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.
Disclaimer: Any financial and market information given on U.Today is written for informational purpose only. Conduct your own research by contacting financial experts before making any investment decisions.