Shiba Inu ecosystem tokens BONE and LEASH have often been relegated to the background, but do these assets have the potential to make millionaires out of investors?
The Shiba Inu ecosystem comprises Shiba Inu (SHIB), Bone ShibaSwap (BONE), and Doge Killer (LEASH). However, investors have focused most of their attention on SHIB. As BONE and LEASH witness increasing prominence, traders question if these tokens could bring in million-dollar investments.
Bone ShibaSwap (BONE)
BONE functions as the governance token for the decentralized exchange ShibaSwap. The Shiba Inu community witnessed the launch of BONE in July 2021, along with the introduction of the ShibaSwap DEX.
Although CoinMarketCap notes that BONE surged to an all-time high of $41.67 in September 2021, little evidence substantiates this claim. However, CoinGecko puts BONE’s all-time high at $15.50, a value the asset reached shortly after its launch in July 2021.
At the current price of $1.23, BONE has dropped by 92% from its ATH. While investors have continued to envision a rally back to this value, it would take BONE a 1,160% surge to reclaim the all-time high price.
However, the critical question remains, should BONE recapture this price point, how much would an investor need to rake in a $1 million investment? One would need to procure 64,516 BONE with an investment of $79,354 at the current price of $1.23.
If BONE can reclaim the $15.50 price point, these 64,516 BONE tokens would be worth $1 million. This suggests you need $79,354 to make $1 million if BONE reclaims its ATH.
Due to its growing prominence, BONE has recently secured listings on numerous exchanges. The asset is also expected to be the gas token for the upcoming Shibarium. These have triggered bullish speculations, but there is no guarantee that it will recapture the $15.50 price.
Doge Killer (LEASH)
LEASH started trading in April 2021, having been launched with a deliberately limited supply of only 107,566 tokens. Poised to serve as the Doge Killer, LEASH’s low circulating supply served as its attractive feature, allowing possibilities of astronomical price surges.
Barely a month after its launch, the token rallied 812% to an all-time high of $8,983. However, there was not enough adoption to sustain this rally. Consequently, the ensuing bear market drastically impacted LEASH’s price. With a current price of $416, LEASH is 95.35% down from its ATH.
As the Shibarium launch draws closer, key players have projected its effects to be felt throughout the Shiba Inu ecosystem, leading to a positive reaction in LEASH’s price. How well the token will react remains to be seen.
However, BONE would need to rally by 2,059% to recover its ATH. Should this materialize, investors would need an initial investment of $46,176 at current prices to witness an ROI of $1 million.