Shiba Inu (SHIB) Rallying Once Again As ShibaSwap (BONE) Lists On Crypto Exchange Bitget

Dogecoin (DOGE) rival Shiba Inu (SHIB) has once again outperformed most digital asset markets as hype continues to build around the top meme cryptocurrency.

At the time of writing, SHIB is up more than 80% year-to-date and more than 32% over the past seven days, trading at $0.00001461 at the time of writing.

The Shibu Inu ecosystem is awaiting the release of Shibarium’s new layer-2 upgrade, a scaling solution built on top of Ethereum (ETH), similar to Polygon (MATIC)

Days ago, the crypto exchange Bitget was announced the listing of Bone ShibaSwap (BONE), the token to be used for gas charges on Shibarium.

Bitget says,

“BONE is a Shibaswap ecosystem governance token that will allow the Shib Army to vote on upcoming proposals. The more BONE a user owns, the more weight their vote will carry in future endeavors. BONE has a total of 250,000,000 tokens.”

BONE is worth $1.79 at the time of writing, down more than 3% in the last 24 hours. However, the 110-ranked crypto asset remains up more than 62% over the past 30 days. BONE currently has a market capitalization of over $411 million.

Last week, the SHIB army – supporters and Shiba Inu lovers – launched a petition to get Binance, the world’s largest crypto exchange, to list BONE.

“This petition is designed to politely request Binance to list the Bone Token for trading…

Let’s encourage Binance to be the first traditional brokerage to get on this train!”

Binance has yet to respond to the request, but the crypto exchange staked four trillion SHIB tokens last month, worth about $35 million at the time, after Shiba Inu developers announced that BONE would be Shibarium’s utility token.

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Featured image: Shutterstock/Tongsai

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