BONE has rallied four times against ETH and Bitcoin, garnering the attention of proponents who anticipate a greater impact from the Shibarium gas token.
In a recent tweet, seasoned crypto enthusiast Eric Cryptoman, known for his unwavering support for unconventional cryptocurrencies, highlighted the remarkable performance of Bone ShibaSwap (BONE), the gas token for Shibarium.
With a history of weathering bear markets and a belief in so-called ‘shitcoins,’ Cryptoman revealed that BONE had surpassed Ethereum (ETH) and Bitcoin (BTC), the two major crypto market players, by an impressive factor of 4x.
$BONE out performing $ETH and #Bitcoin by 4x, on deep 8 figure liquidity.
$2-2.50 is a magnet.
Hindsight will be a bitch. #SHIB has multi millions of holders and the gas token for the L1 which if close to release has 80,000? ? https://t.co/LiimPy3q10 pic.twitter.com/NMp4MfMqdt
— Eric Cryptoman (@EricCryptoman) July 4, 2023
Cryptoman noted that BONE boasts substantial liquidity in the eight-figure range, making it an attractive investment option. He further indicated that the token’s price point gravitates toward the $2 to $2.50 range.
Shibarium Launch To Fuel Bullish Sentiment for BONE
Furthermore, the expert trader warned that those who fail to recognize BONE’s potential might regret their future oversight.
Cryptoman also drew attention to the fact that BONE is the gas token associated with the upcoming Shibarium.
Given that Shibarum is close to its launch, Cryptoman speculated that it could potentially attract a significant influx of investors, further driving the price of BONE.
Notably, the tweet, accompanied by a screenshot displaying a staggering 16.73% surge in the BONE token, is a follow-up to Cryptoman’s previous post from last month.
In the post, he highlighted the token’s return to a support level, which he deemed a point of maximum financial return. Optimistic about the potential success of the emerging Shibarium ecosystem, Cryptoman expressed his expectation of a substantial 2.5x rebound or even greater, provided the gas token gains traction.
$BONE back to it's support/potentially the point of maximum financial return.
Looking for a liquid 2.5x bounce here or more if #Shibarium is successful.
Wouldn't want to fade the gas token on a community of millions of holders like #SHIBARMY pic.twitter.com/qxrBpd4Fy2
— Eric Cryptoman (@EricCryptoman) June 21, 2023
Notably, he emphasized the importance of not underestimating the strength of the SHIBARMY, the formidable Shiba Inu community of millions of holders.
Ultimately, BONE is catching the attention of crypto investors, given its impressive performance against significant players and the upcoming launch of Shibarium on the mainnet.
DisClamier: 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 opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
