HomeNewsShiba Inu Altcoin Surges on the News of 'Shibapendence Day' and Upcoming...

Shiba Inu Altcoin Surges on the News of ‘Shibapendence Day’ and Upcoming Layer-2 Launch by Shytoshi Kusama

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  • Bone ShibaSwap’s (BONE) price skyrockets on the announcement of “Shibapendence Day” and the upcoming layer-2 launch of Shibarium.
  • Shytoshi Kusama, the lead developer of SHIB, introduces a truly decentralized exchange, emphasizing the importance of decentralization for a fairer future.

Bone ShibaSwap (BONE), an altcoin within the Shiba Inu (SHIB) ecosystem, has witnessed an impressive surge in value following the announcement of “Shibapendence Day” and the forthcoming release of Shibarium, an eagerly awaited layer-2 scaling solution. Spearheaded by the pseudonymous SHIB developer, Shytoshi Kusama, these developments have captivated the cryptocurrency community.

The upcoming launch of ShibaSwap’s second iteration has generated excitement, although an exact date has yet to be disclosed. However, the recent declaration of Shibapendence Day has proven to be a catalyst for the surge in Bone ShibaSwap’s governance token (BONE).

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Trading activity surrounding this dog-themed cryptocurrency has been particularly noteworthy, with BONE experiencing a remarkable increase from $0.90 on July 1st to a peak of $1.44 on July 8th, representing a substantial 60% surge within just a week.

Shytoshi Kusama, in a recently published blog post, has drawn attention to the detrimental effects of centralization, asserting that centralized entities have long exploited and depleted our planet’s resources without providing sufficient benefits in return. In contrast, Kusama champions the ideals of a decentralized future, emphasizing the need to restore power to the majority.

Highlighting the imminent release of ShibaSwap, Kusama proudly introduces the concept of a truly decentralized exchange and declares the advent of “Shibapendence.” This revolutionary exchange marks the first step in a series of projects that will be championed by decentralized groups, sharing the Shiba ethos and envisioning a future founded on freedom within a decentralized framework.

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While Bone ShibaSwap’s token (BONE) has retraced slightly since its peak, it is currently trading at $1.34, reflecting the lasting impact of these groundbreaking announcements.

The surge in Bone ShibaSwap’s token value signifies the market’s recognition of the transformative potential offered by Shibapendence Day and the forthcoming launch of Shibarium. These developments not only cement the progress made by the Shiba Inu ecosystem but also serve as a testament to the growing prominence of decentralized solutions in the blockchain industry.

As cryptocurrency enthusiasts eagerly await the official launch of ShibaSwap‘s upgraded version, the future appears promising, with Shytoshi Kusama leading the charge towards a decentralized era characterized by equitable power distribution and freedom from centralized authority.

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