Shiba Inu ecosystem token BONE has rallied by over 100% since mid-June amid the growing excitement as the Shibarium launch approaches. Bone ShibaSwap (BONE), the governance token of the ShibaSwap DEX, is currently defying the bearish market trend. At its current value, BONE has rallied 110% since June 12 amid the budding excitement surrounding the Shiba […] The post Shiba Inu: BONE up 110% Since June as Shibarium Approaches, Targets $2 first appeared on The Crypto Basic.

Shiba Inu: BONE up 110% Since June as Shibarium Approaches, Targets $2

Shiba Inu ecosystem token BONE has rallied by over 100% since mid-June amid the growing excitement as the Shibarium launch approaches.

Bone ShibaSwap  (BONE), the governance token of the ShibaSwap DEX, is currently defying the bearish market trend. At its current value, BONE has rallied 110% since June 12 amid the budding excitement surrounding the Shiba Inu ecosystem as the Shibarium mainnet launch draws closer.

Intermittent Swings

Following its yearly peak of $2.1092 on February 21, BONE continued to plummet until it dropped to a shocking low of $0.6650 on June 10. However, the asset immediately engineered a comeback to reclaim the lost gains. 

BONE’s rally  picked up on June 12. Despite the persistent rally, BONE could not hit the $1 mark throughout June. However, the asset closed the month at an impressive $0.9317 price.

The June rally spilled into July, with the asset finally breaking above the resistance at $0.98, as it reached $1 on July 3 – a price point it had failed to recover in three months. The momentum continued, receiving fuel from the momentous announcement of the Shibarium launch. 

Shytoshi Kusama, the Shiba Inu community lead,  disclosed in a blog release

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