Bone Shibaswap Prize withdraws after a turbulent increase, while the upcoming Shibarium launch influences the market

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Bone Shibaswap (BONE), der Meme-Coin, hat in den letzten Tagen einen starken Aufwärtstrend verzeichnet, ist aber am Montag wieder gesunken. Der Preis fiel auf 1,3365 US-Dollar, niedriger als das Hoch der letzten Woche von 1,5 US-Dollar. Trotzdem ist der BONE-Kurs seit dem Tiefpunkt im Juni um mehr als 98% gestiegen und seine Marktkapitalisierung erreichte fast 290 Millionen US-Dollar. Bone Shibaswap ist eine der drei Kryptowährungen, die von den Entwicklern von Shiba Inu (SHIB) ins Leben gerufen wurden. Neben Shiba Inu gehören dazu auch der Token Leap und Bone Shibaswap. Letzterer ermöglicht es den Nutzern, Liquidität in das Shiba-Ökosystem einzubringen und …
Bone Shibaswap (Bone), the meme coin, has recorded a strong upward trend in the past few days, but has dropped again on Monday. The price fell to $ 1.3365, lower than the high of the last week of $ 1.5. Nevertheless, the bone course has risen by more than 98% since June and its market capitalization has reached almost $ 290 million. Bone Shibaswap is one of the three cryptocurrencies created by the developers of Shiba Inu (Shib). In addition to Shiba Inu, this also includes the token Leap and Bone Shibaswap. The latter enables users to bring liquidity into the Shiba ecosystem and ... (Symbolbild/KNAT)

Bone Shibaswap (Bone), the meme coin, has recorded a strong upward trend in the past few days, but has dropped again on Monday. The price fell to $ 1.3365, lower than the high of the last week of $ 1.5. Nevertheless, the bone course has increased by more than 98% since the low point in June and its market capitalization has reached almost $ 290 million.

Bone Shibaswap is one of the three cryptocurrencies that were created by the developers of Shiba Inu (Shib). In addition to Shiba Inu, this also includes the token Leap and Bone Shibaswap. The latter enables users to bring liquidity into the Shiba ecosystem and achieve a return. Shibaswap is a defi platform on which you can act and stake cryptocurrencies. Although it has a total value of the deposits of over 21 million US dollars, this value is less than a tenth of the market capitalization of native tokens.

There is no clear reason for the recent price increase from Bone Shibaswap. However, a possible catalyst could be the start of Shibarium planned for August. Shibarium is a layer 2 network that will exist in the Shiba-Inu ecosystem. It is already in the test phase and is intended to bring the Shiba-Inu ecosystem faster transaction speeds and lower costs. The price of Shiba Inu has also increased, which could indicate that investors speculate on a great announcement or a network upgrade.

It is important to note that cryptocurrencies often experience an increase before an important announcement and then fall after their implementation. This scenario is called "Buy the Rumor and Sell the News". So there is the possibility that the Bone Shibaswap price will show a bearish trend in the coming weeks.

The price chart shows a bullish trend for Bone Shibaswap in the past few days. The coin has overcome the important resistance at $ 1.1661, the highest level since April 24th. The current course lies above the moving sections of the last 25 and 50, while the relative strength index (RSI) rose to the overbought level of 70. These factors indicate a bullish outlook. The next important resistance is $ 2, about 50% above the current level. However, it is expected that the price after the Shibarium launch will crash in August because investors are realizing their profits.

Overall, the course of Bone Shibaswap remains volatile and can be influenced by various factors. It is important to keep an eye on developments in the Shiba-Inu ecosystem in order to make a well-founded investment decision.

Please remember that investments in cryptocurrencies are associated with risks and that this article does not represent financial advice. It is advisable to find out thoroughly before an investment and to consult a specialist if necessary.