{"id":554635,"date":"2023-10-09T16:00:16","date_gmt":"2023-10-09T16:00:16","guid":{"rendered":"https:\/\/ktsl888.com\/?p=554635"},"modified":"2023-10-09T12:44:36","modified_gmt":"2023-10-09T12:44:36","slug":"shiba-inu-based-bone-rally","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bone-shibaswap\/shiba-inu-based-bone-rally\/","title":{"rendered":"Shiba Inu-Based BONE Gearing Up For Massive Rally, Here\u2019s Why"},"content":{"rendered":"

The Shiba Inu ecosystem<\/a> has witnessed a recent surge in BONE Shibaswap<\/a> investors, as witnessed a recent surge in <\/span>BONE Shibaswap<\/span><\/a> investors, as some of Shiba Inu’s biggest whales are loading up their bags. According to data from <\/span>IntoTheBlock<\/span><\/a>, whales of BONE tokens have boosted their holdings in the past month to increase their concentration of the ecosystem to over 43%.\u00a0<\/span><\/p>\n

Whale Wallets Loading Up On BONE In Anticipation Of A Rally<\/h2>\n

BONE (Shibaswap) is one of the most important tokens in the Shiba Inu ecosystem and has done well since the launch of Shibarium, as the token <\/span>went on a bullish trend<\/span><\/a> to reach $1.70 in August. Since then, things have cooled down in the Shiba Inu ecosystem, and the token has lost most of this gain.<\/span><\/p>\n

Related Reading: Dogecoin In A Dire Position As Daily Active Addresses Drop Drastically<\/a><\/div>\n

At the time of writing, BONE is trading at $0.7813, has a market cap of $195 million, and a max supply of 230,003,023 BONE tokens.\u00a0<\/span><\/p>\n

On-chain data from intelligence company IntoTheBlock has shown that most of this market cap is concentrated between 12 whale addresses with 108.53 million tokens. However, these whale wallets have been steadily accumulating BONE over the past month.<\/span><\/p>\n

\"Shiba<\/p>\n

Whale activity rises | Source: IntoTheBlock<\/pre>\n
The total net flow between addresses holding at least 0.1% of the total market cap has increased by +272.92% in a 7-day timeframe. A similar metric following the movement of BONE tokens has shown that the concentration of these tokens in whale addresses (wallets holding more than 1% of the total supply) has increased by +19.74% in the past 30 days.\u00a0<\/span><\/p>\n
On the other hand, concentration in investor addresses (wallets holding between 0.1% and 1% of the total supply) has reduced by 1.37% in the past 30 days.<\/span><\/p>\n
\"Shiba<\/p>\n
BONE holder concentration | Source: IntoTheBlock<\/pre>\n
Recent Price Action Shows Bullish Momentum Might Be Building<\/h2>\n
BONE is currently trending downward after having a bullish run since <\/span>Shibarium’s introduction<\/span><\/a>. Data has also shown only 34% of holders are making money at the current price. However, the increase in large wallet holdings of BONE coupled with a 33.48% increase in the past 24-hour trading volume is a bullish reversal signal, as it can increase buying pressure from retail investors.\u00a0<\/span><\/p>\n
Related Reading: When Are AMMs Coming To XRP Ledger? Ripple CTO Gives Clear Answer<\/a><\/div>\n
Price action reveals BONE is currently at a major support zone of $0.76. A reaction to the support by bulls might see a rally back up. On the other hand, a break below the support might suggest a further fall in the price of the token.<\/span><\/p>\n
This comes after Shiba Inu’s lead developer <\/span>recently renounced the BONE smart contract<\/span><\/a>. Renouncing the contract means developers no longer have control of the token, making it fully decentralized.\u00a0<\/span><\/p>\n
\"Shiba<\/p>\n
Token price sitting at $0.766 | Source: BONEUSD on Tradingview.com<\/a><\/pre>\n
Featured image from Watcher Guru, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
The Shiba Inu ecosystem has witnessed a recent surge in BONE Shibaswap investors, as witnessed a recent surge in BONE Shibaswap investors, as some of Shiba Inu’s biggest whales are loading up their bags. According to data from IntoTheBlock, whales of BONE tokens have boosted their holdings in the past month to increase their concentration of the ecosystem to over 43%.\u00a0 Whale Wallets Loading Up On BONE In Anticipation Of A Rally BONE (Shibaswap) is one of the most important tokens in the Shiba Inu ecosystem and has done well since the launch of Shibarium, as the token went on a bullish trend to reach $1.70 in August. Since then, things have cooled down in the Shiba Inu ecosystem, and the token has lost most of this gain. Related Reading: Dogecoin In A Dire Position As Daily Active Addresses Drop Drastically At the time of writing, BONE is trading at $0.7813, has a market cap of $195 million, and a max supply of 230,003,023 BONE tokens.\u00a0 On-chain data from intelligence company IntoTheBlock has shown that most of this market cap is concentrated between 12 whale addresses with 108.53 million tokens. However, these whale wallets have been steadily accumulating BONE over the past month. Whale activity rises | Source: IntoTheBlock The total net flow between addresses holding at least 0.1% of the total market cap has increased by +272.92% in a 7-day timeframe. A similar metric following the movement of BONE tokens has shown that the concentration of these tokens in whale addresses (wallets holding more than 1% of the total supply) has increased by +19.74% in the past 30 days.\u00a0 On the other hand, concentration in investor addresses (wallets holding between 0.1% and 1% of the total supply) has reduced by 1.37% in the past 30 days. BONE holder concentration | Source: IntoTheBlock Recent Price Action Shows Bullish Momentum Might Be Building BONE is currently trending downward after having a bullish run since Shibarium’s introduction. Data has also shown only 34% of holders are making money at the current price. However, the increase in large wallet holdings of BONE coupled with a 33.48% increase in the past 24-hour trading volume is a bullish reversal signal, as it can increase buying pressure from retail investors.\u00a0 Related Reading: When Are AMMs Coming To XRP Ledger? Ripple CTO Gives Clear Answer Price action reveals BONE is currently at a major support zone of $0.76. A reaction to the support by bulls might see a rally back up. On the other hand, a break below the support might suggest a further fall in the price of the token. This comes after Shiba Inu’s lead developer recently renounced the BONE smart contract. Renouncing the contract means developers no longer have control of the token, making it fully decentralized.\u00a0 Token price sitting at $0.766 | Source: BONEUSD on Tradingview.com Featured image from Watcher Guru, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":554642,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[89602],"tags":[86713,89604,86715,89603,89233,89219,83667,86714],"class_list":["post-554635","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bone-shibaswap","tag-bone","tag-bone-holders","tag-bone-price","tag-bone-price-prediction","tag-boneusd","tag-boneusdt","tag-shiba-inu","tag-shiba-inu-bone"],"acf":[],"yoast_head":"\nShiba Inu-Based BONE Gearing Up For Massive Rally, Here\u2019s Why<\/title>\n<meta name=\"description\" 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/ktsl888.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Shiba Inu-Based BONE Gearing Up For Massive Rally, Here\u2019s Why","url":"http:\/\/ktsl888.com\/news\/bone-shibaswap\/shiba-inu-based-bone-rally\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/bone-shibaswap\/shiba-inu-based-bone-rally\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/10\/Shiba-Inu-BONE-token.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/10\/Shiba-Inu-BONE-token.jpeg?fit=1040%2C815"},"articleSection":"BONE","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bone","bone holders","bone price","bone price prediction","boneusd","boneusdt","shiba inu","shiba inu bone"],"dateCreated":"2023-10-09T16:00:16Z","datePublished":"2023-10-09T16:00:16Z","dateModified":"2023-10-09T16:00:16Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Shiba Inu-Based BONE Gearing Up For Massive Rally, Here\\u2019s Why\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bone-shibaswap\\\/shiba-inu-based-bone-rally\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bone-shibaswap\\\/shiba-inu-based-bone-rally\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/Shiba-Inu-BONE-token.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/Shiba-Inu-BONE-token.jpeg?fit=1040%2C815\"},\"articleSection\":\"BONE\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bone\",\"bone holders\",\"bone price\",\"bone price prediction\",\"boneusd\",\"boneusdt\",\"shiba inu\",\"shiba inu bone\"],\"dateCreated\":\"2023-10-09T16:00:16Z\",\"datePublished\":\"2023-10-09T16:00:16Z\",\"dateModified\":\"2023-10-09T16:00:16Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/10\/Shiba-Inu-BONE-token.jpeg?fit=1040%2C815","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/554635"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=554635"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/554635\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/554642"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=554635"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=554635"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=554635"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}