✍️ 31 August, 2022 – 18:34 👤 Editor: Jakub Motyka
- The price of Bone ShibaSwap (BONE) has shot up more than 100% in the last few days.
- Bone is the governance token of ShibaSwap and can only be obtained as a reward in their liquidity pools.
- The price skyrocketed after an announcement from the BlueBit.io exchange.
Following a series of major announcements, the price of Shiba Inu’s Bone ShibaSwap (BONE) token soared more than 100% in less than 2 days. The main exchange token of the Shiba Inu ecosystem, ShibaSwap, has experienced one of the usual meteoric rises that characterize the Shiba Inu (SHIB).
BONE is the governance token of ShibaSwap, the decentralized exchange of the Shiba Inu ecosystem. It allows holders to propose and weigh in on protocol changes through its decentralized autonomous organization, DoggyDAO. It can only be obtained as a reward for participation in liquidity pools, and is currently priced at approximately USD 1,800.
What Were The Important Announcements That Boosted The Price Of BONE?
The growth of the price of the BONE token is largely due to speculation around different news. First, the cryptocurrency exchange Gate.io held a contest to select the next listings for the platform. Among the candidates were VINU, RVLT, DOGEKING, VOLT and BONE. Sin embargo, en esta oportunidad the first place was for Vita Inu (VINU).
At the same time, the BlueBit.io exchange announced the listing of BONE through its Twitter account. As of yesterday, the governance token of the Shiba Inu ecosystem is available for buying and selling within the platform. This has notably boosted the price and transaction volume of the token on and off ShibaSwap.
The Price Of BONE Shoots Up In The Same Way That Shiba Inu (SHIB) Would
The vast majority of Shiba Inu (SHIB) holders are used to the meteoric rises that characterize the tokens of their ecosystem. BONE for his part, reacted very positively to the news of his listing. The price of its token increased from 1.02 to 2.08 dollars in less than 2 days. This corresponds to 190% of its value 7 days ago, and is currently in the range of $1.80 per token.
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