- BONE Uptick: The introduction of Shibarium sees a remarkable surge in BONE holders, with 68% now reaping profits.
- Shibarium Influence: The new L2 blockchain’s launch plays a pivotal role in the mounting traction of BONE, the official gas token for Shibarium.
The Shibarium Effect on BONE’s Popularity
Shiba Inu’s innovative stride into the blockchain world with the mainnet launch of Shibarium, its Layer 2 (L2) blockchain, has ignited a dynamic ripple effect on BONE – its native governance token. The data unveils a noteworthy growth trajectory for BONE, with the count of holders proliferating at an impressive rate.
BONE’s Blossoming Holders’ Count
A recent deep dive into figures from the esteemed cryptocurrency data provider, Etherscan, unveils that BONE’s holder count has surged to a striking 90,151 addresses. This growth, an uptick of 0.026% within a mere 24-hour span, underscores the rapidly burgeoning popularity of BONE within the crypto community.
Moreover, an analytical glance into BONE’s holders, provided by the renowned crypto analytics platform, IntoTheBlock (ITB), offers a more granular perspective. Notably:
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- 38% of BONE aficionados have anchored their trust in the token for more than a year.
- A significant 49% have been holding their tokens for a duration spanning between 1 to 12 months.
- The remaining 13% are fresh entrants, having held BONE for less than a month.
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With BONE’s price defying the bearish market sentiments and registering a substantial 17% spike within 24 hours, its current trading position stands strong at $1.41. This price momentum positions a dominant 68% of BONE holders in a profitable bracket. Contrastingly, 19% navigate a loss, while the remaining 13% find themselves at a break-even point, neither in profit nor loss.
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Shibarium – The Powerhouse Behind BONE’s Surge
The phenomenal ascent in the adoption of BONE is inextricably linked to the inception of Shibarium. Serving as Shibarium’s official gas token, BONE has naturally witnessed a surge in its usability and demand post the L2 blockchain’s launch.
Shibarium, a much-anticipated development, garnered instant adoption upon its release. However, its immediate popularity did come with a hiccup, manifesting in technical issues, which have since been rectified. Presently, Shibarium is actively facilitating a plethora of transactions, from token exchanges to intricate contract calls. Notably, BONE remains central to most of these transactions, further accentuating its pivotal role in the Shiba Inu ecosystem.
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