Shiba Inu Bone's Rise to Fame Explained

The Shiba Inu Bone's popularity can be attributed to the rise of the Shiba Inu dog breed's internet fame.

In 2013, the Shiba Inu's adorable face and quirky personality made it a viral sensation on social media platforms like Reddit and Twitter.

The Shiba Inu Bone's design was influenced by the breed's distinctive fox-like features and its association with Japanese culture.

The bone's unique shape and design elements, such as the Shiba Inu's face and ears, have contributed to its widespread recognition and appeal.

The Shiba Inu community, also known as the SHIB Army, is a force to be reckoned with. They've found a way to campaign for BONE's listing on Binance, one of the top cryptocurrency exchanges in the world.

The community has been using Binance Futures Next to vote on tokens, with each user able to attach 100 Picks, costing 1 USDT, to their chosen token for listing. As of now, BONE has gained 34,125 Picks from 764 participants, making it the third most-voted token.

Despite geographical limitations that don't allow some community members to vote, the SHIB Army has shown incredible engagement, with some members even using virtual private networks (VPNs) to avoid these restrictions and vote for BONE.

The Shiba Inu community is incredibly active and determined. They're campaigning for BONE's listing on Binance, one of the top cryptocurrency exchanges in the world.

The community is using Binance Futures Next to vote on tokens, with each user able to attach 100 Picks, costing 1 USDT, to their chosen token. As of now, BONE has gained 34,125 Picks from 764 participants.

This level of engagement is a clear indication of the community's desire to have BONE listed on Binance. The community is even going to great lengths to participate, with some members using virtual private networks (VPNs) to avoid geographical restrictions.

The community's efforts are paying off, with BONE already listed on other top exchanges like HTX, MEXC, OKX, and Bitget.

Shib and Leash are two tokens that play a significant role in the Shiba Inu community.

Shib, also known as Shiba Inu (SHIB), is the main token of the ShibaSwap DEX and has grown to become a worldwide phenomenon.

Its total supply is not mentioned in the article, but it's worth noting that it's widely accepted as a form of payment at hundreds of locations.

LEASH, on the other hand, is often referred to as the "Dogecoin killer" and is the second-largest dog-inspired memecoin in the crypto space.

With a total supply of 107,646 tokens, LEASH is positioned as a special token for loyal supporters of the ecosystem, offering exclusive perks and access.

Holders of LEASH can benefit from incentivized BONE rewards for liquidity providers on ShibaSwap, exclusive access to Shiboshi NFT minting, and early access to 'Shib: The Metaverse' land sales.

The value of BONE lies in its utility and the ShibaSwap ecosystem it's backed by. This is a key point to consider when thinking about investing in the token.

BONE is the gas token for the Shibarium blockchain, which means it's used to pay transaction fees whenever a transaction is processed. The token has a nominal fee attached to it.

All elements of the ShibaSwap ecosystem that lie on the Shibarium blockchain, including the metaverse and NFT games, require BONE for transactions. This increases the token's utility and potential value.

The fact that BONE is yet to be listed on major exchanges means it has a value that hasn't yet been priced in. This could make it a good investment opportunity for some.

Here are some key points to keep in mind when considering the value and price of BONE:

The Binance listing of Bone Shibaswap's prospects has been a hot topic in the crypto community. The Shiba Inu community is mobilizing to bolster Bone Shibaswap's prospects through engagement with Binance Futures NEXT.

This milestone signals a surge of enthusiasm for the Shiba Inu (SHIB) team's Bone token, with nearly 28,200 picks garnered on the leading crypto exchange's platform. The community's fervent support and optimism for the project's future trajectory are evident.

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According to CoinCodex forecasts, there is optimism regarding BONE's future trajectory. Forecasts indicate a potential upsurge in BONE prices, with estimates showing the cost to reach $2.79 by April 5, 2024, equivalent to an increase of around 170.87% from the current levels.

A potential listing on Binance could propel prices even higher, as seen in the case of SHIB, which has increased by over 137% in the 14-day chart and a whopping 241% over the past month. The current price of BONE is $0.9038, but with the right momentum, it could reach $3.47 on April 11, 2024, a notable increase of about 236.89% compared to the current price.

Here's a comparison of SHIB and BONE's performance:

The 1-day RSI for BONE sits at 50.99, reflecting a neutral position, neither overbought nor oversold. However, the 1-day MACD trading below the signal line presents a bearish signal for BONE, as the MACD remains below the signal line.

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The value of BONE lies in its utility and the ecosystem it's backed by. ShibaSwap is the platform that makes BONE a valuable token.

BONE is the gas token for the Shibarium blockchain, which means it's used to pay transaction fees whenever a transaction is processed on the blockchain. This is a crucial function that gives BONE a real-world use case.

All elements of the ShibaSwap ecosystem that run on the Shibarium blockchain require BONE for transactions, including the metaverse, NFT games, and more. This increases the token's utility and demand.

BONE also enables users to hold voting power in the Doggy DAO, a Decentralized Autonomous Organization that allows users to create and vote on proposals for ShibaSwap and the greater Shiba Inu Ecosystem.

A partnership with Welly's burger joint in 2022 will see SHIBs used as a method of payment, employing Shibarium and utilizing the BONE token. This is a real-world application of BONE's utility.

Expand your knowledge: Shiba Inu Shibarium Release Date

The fact that BONE hasn't yet been listed on major exchanges means its value hasn't been fully priced in, making it a potentially good investment opportunity.

Here are some key points about the value of BONE: