- BONE and SHIB were up by 15% and 1.7% over the last week, respectively.
- The metrics and market indicators of both tokens remained mostly bullish.
One of the most popular tokens of the Shiba Inu [SHIB] ecosystem, Bone ShibaSwap [BONE], registered a double-digit rally last week. Not only BONE, but the chart of the network’s flagship token, SHIB, also remained green.
A possible reason behind this uptrend might be found in Shibarium’s performance.
The Shiba Inu ecosystem is turning bullish
CoinMarketCap’s data revealed that BONE was up by more than 15% over the last seven days. At the time of writing, it was trading at $0.7092 with a market capitalization of over $163 million.
While BONE’s price rallied, SHIB’s price also gained upward momentum. At press time, SHIB was up by 1.7% in the last 24 hours and was trading at $0.000008533 with a market cap of over $5 billion.
AMBCrypto looked at Santiment’s data and found that BONE’s popularity in the crypto market rose over the last week, as evident from its consistently high Social Volume.
However, the same can’t be said for Shiba Inu, as after a spike on the 29th of November, its Social Volume dropped as of press time.
Source: Santiment
A possible reason behind both of these tokens’ price uptrends could be attributed to Shibarium’s latest achievement.
LUCIE, an official X (formerly known as Twitter) handle of Shiba Inu, recently revealed that Shibarium’s daily transactions hit a new high of 5.1 million.
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Author: Dipayan Mitra
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