{"id":549012,"date":"2023-08-26T20:00:03","date_gmt":"2023-08-26T20:00:03","guid":{"rendered":"https:\/\/ktsl888.com\/?p=549012"},"modified":"2024-06-11T07:35:51","modified_gmt":"2024-06-11T07:35:51","slug":"shibarium-shiba-inu-bone","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/shiba-inu-coin\/shibarium-shiba-inu-bone\/","title":{"rendered":"Shibarium Launch Proves Positive As Shiba Inu-Based BONE Celebrates New Milestone"},"content":{"rendered":"

Following its temporary shutdown, Shibarium has made a comeback and relaunched. This release of the layer 2 blockchain has pushed the BONE price upwards, recording new milestones for the token.\u00a0<\/span><\/p>\n

Shibarium Relaunch Ignites Bullish Trend For BONE<\/h2>\n

Bone Shibaswap (BONE) has recorded a massive price increase of about 17% in the last 24 hours after Shibarium made an official relaunch and became open to the public on Thursday, August 24. The number of BONE addresses has also increased to 90,151 while <\/span>SHIB burn rates are running high.<\/span><\/a><\/p>\n

Related Reading: Exodus Of 30,000 BTC To Cold Wallets Spells Good News For Bitcoin Price<\/a><\/div>\n

Currently, the BONE token is valued at $1.40 with a 24-hour trading volume of over $11 million, according to CoinMarketCap. The shift in the price has also proved fortunate for a majority of BONE token holders.\u00a0<\/span><\/p>\n

Reports<\/span><\/a> reveal that 68% of BONE holders are in a very profitable position and are likely to reap massive gains. In contrast, 19% are currently in the red, struggling with some losses. The remaining 13% of BONE holders have found themselves at a point of stability, experiencing no profits or losses.\u00a0<\/span><\/p>\n

\"BONE<\/p>\n

68% of holders sitting in profit | Source: IntoTheBlock<\/pre>\n
Shibarium\u2019s Lead Developer, Shytoshi Kusama had previously described plans of adding new features and tweaks to prevent another suspension. He also stated that the Shiba Inu team plans to integrate a <\/span>Self-Sovereign Identity (SSI) into Shibarium<\/span><\/a>.\u00a0<\/span><\/p>\n
Additionally, he said that the recently launched layer 2 blockchain has finally achieved a state of stability, ensuring users gain all the benefits of the mainnet including more options for BONE staking.\u00a0<\/span><\/p>\n
\u201cAfter two days of testing and tweaking parameters to achieve a \u2018ready\u2019 state, Shibarium is now enhanced and optimized. Additional validators will go live, giving even more options for you to stake your BONE,\u201d Kusama said.<\/span><\/p>\n
SHIB Community Embraces Shibarium Relaunch And Modifications<\/h2>\n
The SHIB army has been anticipating Shibarium\u2019s release after the Ethereum layer 2 solution got off to a rocky start. The Shibarium mainnet halted its operations after its first launch and has been undergoing reconfigurations and testing to bolster its network.\u00a0<\/span><\/p>\n
According to developers, the reason for the network\u2019s suspension was due to the high traffic and overwhelming increase in adoption, with over 10 million new wallets registered on the platform.<\/span><\/p>\n
However, <\/span>Kusama had reassured<\/span><\/a> the SHIB community, stating that the mainnet was only going through a few tweaks and would <\/span>be up and running soon<\/span><\/a>, stronger than it was in its previous release.\u00a0<\/span><\/p>\n
Shiba Inu\u2019s price performance also declined slightly<\/span><\/a> following Shibarium\u2019s temporary shutdown. But the cryptocurrency is on a recovery trend presently and growing to be one of the trendiest meme coins in the crypto space.\u00a0<\/span><\/p>\n
Related Reading: Shiba Inu Whale Buys 708 Billion SHIB, Sparks Speculation Of Price Recovery<\/a><\/div>\n
The recent relaunch has pushed active addresses in the Shibarium mainnet to over 50,000 and this figure is expected to continue to rise. Lead developer Kusama has also vowed to increase the layer 2 network\u2019s capacity by 1,500%, improving its safety, decentralization, and solidity.\u00a0<\/span><\/p>\n
Recently, Shiba Inu has been making new strides in the crypto space, expanding into new geographical regions to facilitate better adoption. The meme coin is now <\/span>available to Brazilian merchants <\/span><\/a>through Binance Pay, a cryptocurrency payment technology supported by the Binance exchange.<\/span><\/p>\n
\"BONE<\/p>\n
Token price ranging at $1.3 following new milestone | Source: BONEUSDT on Tradingview.com<\/a><\/pre>\n
Featured image from BSC News, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Following its temporary shutdown, Shibarium has made a comeback and relaunched. This release of the layer 2 blockchain has pushed the BONE price upwards, recording new milestones for the token.\u00a0 Shibarium Relaunch Ignites Bullish Trend For BONE Bone Shibaswap (BONE) has recorded a massive price increase of about 17% in the last 24 hours after Shibarium made an official relaunch and became open to the public on Thursday, August 24. The number of BONE addresses has also increased to 90,151 while SHIB burn rates are running high. Related Reading: Exodus Of 30,000 BTC To Cold Wallets Spells Good News For Bitcoin Price Currently, the BONE token is valued at $1.40 with a 24-hour trading volume of over $11 million, according to CoinMarketCap. The shift in the price has also proved fortunate for a majority of BONE token holders.\u00a0 Reports reveal that 68% of BONE holders are in a very profitable position and are likely to reap massive gains. In contrast, 19% are currently in the red, struggling with some losses. The remaining 13% of BONE holders have found themselves at a point of stability, experiencing no profits or losses.\u00a0 68% of holders sitting in profit | Source: IntoTheBlock Shibarium\u2019s Lead Developer, Shytoshi Kusama had previously described plans of adding new features and tweaks to prevent another suspension. He also stated that the Shiba Inu team plans to integrate a Self-Sovereign Identity (SSI) into Shibarium.\u00a0 Additionally, he said that the recently launched layer 2 blockchain has finally achieved a state of stability, ensuring users gain all the benefits of the mainnet including more options for BONE staking.\u00a0 \u201cAfter two days of testing and tweaking parameters to achieve a \u2018ready\u2019 state, Shibarium is now enhanced and optimized. Additional validators will go live, giving even more options for you to stake your BONE,\u201d Kusama said. SHIB Community Embraces Shibarium Relaunch And Modifications The SHIB army has been anticipating Shibarium\u2019s release after the Ethereum layer 2 solution got off to a rocky start. The Shibarium mainnet halted its operations after its first launch and has been undergoing reconfigurations and testing to bolster its network.\u00a0 According to developers, the reason for the network\u2019s suspension was due to the high traffic and overwhelming increase in adoption, with over 10 million new wallets registered on the platform. However, Kusama had reassured the SHIB community, stating that the mainnet was only going through a few tweaks and would be up and running soon, stronger than it was in its previous release.\u00a0 Shiba Inu\u2019s price performance also declined slightly following Shibarium\u2019s temporary shutdown. But the cryptocurrency is on a recovery trend presently and growing to be one of the trendiest meme coins in the crypto space.\u00a0 Related Reading: Shiba Inu Whale Buys 708 Billion SHIB, Sparks Speculation Of Price Recovery The recent relaunch has pushed active addresses in the Shibarium mainnet to over 50,000 and this figure is expected to continue to rise. Lead developer Kusama has also vowed to increase the layer 2 network\u2019s capacity by 1,500%, improving its safety, decentralization, and solidity.\u00a0 Recently, Shiba Inu has been making new strides in the crypto space, expanding into new geographical regions to facilitate better adoption. The meme coin is now available to Brazilian merchants through Binance Pay, a cryptocurrency payment technology supported by the Binance exchange. Token price ranging at $1.3 following new milestone | Source: BONEUSDT on Tradingview.com Featured image from BSC News, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":549014,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[92559],"tags":[86713,86715,88155,83668,89178,83667,87680,84562],"class_list":["post-549012","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shiba-inu-coin","tag-bone","tag-bone-price","tag-bone-shibaswap","tag-shib","tag-shib-news","tag-shiba-inu","tag-shibarium","tag-shibusd"],"acf":[],"yoast_head":"\nShibarium Launch Proves Positive As Shiba Inu-Based BONE Celebrates New Milestone<\/title>\n<meta name=\"description\" content=\"The release of the layer 2 blockchain Shibarium has pushed the BONE price upwards, recording new 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