BONE Token Records 16% Price Growth As Community Awaits Shibarium Launch

The latest update on Shiba Inu shows that its governance BONE token recorded a massive price spike surpassing Bitcoin and Ethereum coins.

According to the report shared by a crypto enthusiast on Twitter, the gas token of Shibarium BONE outperformed the two top coins 4x. The spike has attracted many enthusiasts awaiting the launch of the Shiba Inu layer 2 blockchain network solution Shibarium.

Crypto Enthusiast Shares BONE's Impressive Price Gains

In the tweet today, July 4, crypto enthusiast Eric Cryptoman disclosed the recent price moves BONE had made. Cryptoman shared some charts disclosing how the token spiked

In one of the charts he shared, Cryptoman wrote that the token was back to its support/potentially the point of maximum financial return. Looking for a liquid 2.5x bounce here or more if #Shibarium is successful.

The enthusiast also stated that $BONE boasts impressive liquidity in the 8-figure range, which makes it a considerable investment as the token moves for further price growth. However, he mentioned that $BONE would be more successful following the successful launch of Shibarium.

He pointed out that $BONE is the gas token for the layer two networks. As more people engage on the platform, the demand for the token will spike, causing a price increase as well.

Shiba Inu Team Hints At Shibarium Launch Timeline

Currently, the Shiba Inu community eagerly awaits the launch date for the layer two networks that will boost SHIB usage.

On July 1, an online news site reported that the Shiba Inu lead developer Shytoshi Kusama hinted that everything was ready for the launch.

According to the report, Kusuma said he can't change the date or plan," everything is already set," and it's called a launch strategy."

Also, the content marketer of Shiba Inu, Lucie, shared a tweet on May 24 where she disclosed the team's guesses on the launch.

According to the post, Shibarium guessed the mainnet launch would be in August; Lucie guessed 2023 Q3, while Kusama guessed July 2023.

However, Lucie further mentioned that many teams are working on it, including AI integration. They don't want to pump anything but achieve sustainable growth, placing the estimate in 2023.

Concluding the post, Lucie said, So Stop saying you don't have an estimated time."

Meanwhile, the Shibarium testnet PuppyNet has recorded impressive growth since its launch. As of the time of writing today, July 4, Puppyscan boasts 17,055,302 wallet addresses.

The total transaction it has completed is 26,872,602, while the total blocks stand at 1,552,905. Notably, the average block time during writing is still 5 seconds.

With the increasing wallet addresses and transactions, it's evident that the launch of Shibarium will likely record massive adoption.

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