Shiba Inu (SHIB) has had quite a few weeks, rallying by over 137% in the 14-day charts and more than 241% over the previous month. Moreover, SHIB’s price has increased by 195.3% since March 2023.
However, SHIB’s offspring token, ShibaSwap Bone (BONE), has not seen the same gains. While BONE’s price has rallied 2.5% in the weekly charts, 41% in the 14-day charts, and 66.8% in the monthly charts, its price is still down by nearly 30% since March 2023.
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BONE is an integral part of the Shiba Inu (SHIB) ecosystem. BE acts as the governance token for the Shibarium network. SHIB’s layer-2 network went live in August 2023. However, the launch did not have much impact on SHIB and BONE’s price.
Price Prediction for Shiba Inu’s BONE token
According to CoinCodex, BONE could hit $2.79 by Apr. 5, 2024, a rise of around 170.87% from current levels. Moreover, the platform anticipates BONE to hit $3.47 by Apr. 11, 2024. Reaching $3.47 from current levels would lead to a growth of about 236.89%.
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There is a possibility that BONE could see a surge in prices if Shiba Inu (SHIB) sees a spike in user activity. BONE’s price is closely linked with Shibarium’s performance and as more users join the network, there is a higher chance of a rally.
Moreover, if SHIB witnesses a price spike, it may trickle into BONE and other SHIB ecosystem tokens. However, for SHIB to rally, Bitcoin (BTC) needs to continue its bullish trajectory. BTC will undergo its next halving cycle in April and that may lead to another surge in prices.