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HomeCrypto NewsMarketShiba Inu's BONE Up 90% in 24 Hours, Crosses The $2 Threshold

Shiba Inu’s BONE Up 90% in 24 Hours, Crosses The $2 Threshold


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Shiba Inu Ecosystem token Shibaswap Bone (BONE) is not stopping at all; up 90% in 24 Hours, Crosses the $2 mark.

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Bone Up 90%, Crosses
Bone Up 90 Crosses $2

Bone ShibaSwap (BONE), a Shiba Inu ecosystem token, appears to have shown immunity against the prevalent bear market, as it soars above $2. The value of $2 marks a 13-month high for the token, as it has remained below the level since November 2021.

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At the time of reporting, BONE has gained by 90% in the past 24 hours, with trading volume up 385%, making it one of the highest-gaining assets in the markets, per data from CoinMarketCap. The asset has demonstrated impressive resilience against the bears, as the market downturns have had little effect on its price actions since August 20. 

The current value of $2.1 marks a 166% increase from the price of $0.75 the asset closed on August 20 with. Since its drop to $0.75, BONE has experienced a hurdle-free rally despite the cold hands of the Winter.

This auspicious movement comes barely 24 hours after Saint Vincent and the Grenadines-based digital asset exchange Bluebit.io listed the asset. As previously reported by The Crypto Basic on Monday, this development sent BONE above the $1.5 level—an incredible increase from the $1.06 the asset was consolidating at.

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Furthermore, a few days back, Singapore-based exchange MEXC Global amassed about 11.63 million BONE tokens, sealing its position as the third largest holder of the asset. These promising moves have undoubtedly contributed to the asset’s recent rally. 

With a surge of over 87% in less than two days, BONE has demonstrated its resistance to unfavorable macro. Trading at $2.1 at the time of writing, the asset is showing no signs of slowing down.

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.



Ammara Mubin is a cryptocurrency reporter and trader with vast experience in the industry. Mubin has written several news stories related to the crypto industry, including non-fungible tokens (NFTs), decentralized finance (DeFi), fundraising, mining, etc. Her major focus is covering regulatory events that are capable of shaping the entire crypto ecosystem.

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