After a temporary shutdown, Shibarium, the layer 2 blockchain, has made an impressive comeback with its official relaunch. This remarkable event has propelled the price of Bone Shibaswap (BONE) to new heights. In the last 24 hours alone, BONE has experienced a staggering 17% surge in value since becoming open to the public on Thursday, August 24. As a result, BONE token holders have witnessed substantial gains and favorable outcomes.
The relaunch of Shibarium has not only caused a surge in BONE’s price but has also yielded a tremendous increase in the number of BONE addresses. Currently, there are 90,151 BONE addresses, indicating a growing interest in the project. Furthermore, the burn rates of SHIB, Shibarium’s native token, remain high, adding an additional layer of positive momentum to the platform.
Intriguingly, reports suggest that a significant majority of BONE holders, precisely 68%, find themselves in a profitable position and stand to reap substantial gains. On the other hand, 19% of holders are currently experiencing losses, struggling to recover from this setback. Meanwhile, the remaining 13% of BONE holders have reached a point of stability, neither gaining nor losing from their investment. These distribution figures illustrate the potential for profitability and success for investors in BONE.
Shibarium’s Lead Developer, Shytoshi Kusama, had previously revealed plans to implement new features and adjustments to prevent future suspensions. One such addition is the integration of Self-Sovereign Identity (SSI) into Shibarium, enhancing its functionality and security. Kusama also expressed that the layer 2 blockchain has achieved a state of stability, ensuring users can fully enjoy the benefits of the mainnet. Notably, this includes additional options for BONE staking, allowing for more flexibility and earning potential.
Shibarium’s relaunch has been highly anticipated by the SHIB community, especially after the platform encountered difficulties during its initial launch. The mainnet was temporarily suspended due to the overwhelming increase in traffic and adoption, with more than 10 million new wallets registered on the platform. Nevertheless, Kusama reassured the community, emphasizing that the mainnet was undergoing necessary tweaks and improvements to ensure a stronger and more resilient network.
Despite encountering temporary setbacks, Shiba Inu’s price performance has demonstrated resilience and is currently on a recovery trend. The cryptocurrency is rapidly becoming one of the most popular meme coins in the crypto space, attracting attention from investors and enthusiasts alike. With the recent relaunch of Shibarium, the number of active addresses within the mainnet has surpassed 50,000, and this figure is expected to continue rising.
Shiba Inu has been actively expanding its presence and adoption globally. It has ventured into new geographical regions, fostering better accessibility and usability. To facilitate this expansion, the meme coin is now available to Brazilian merchants through Binance Pay, an innovative cryptocurrency payment technology supported by the prominent Binance exchange. This expansion strategy is likely to enhance the mainstream adoption of Shiba Inu and further solidify its position in the crypto market.
The relaunch of Shibarium has breathed new life into the BONE token, propelling its price to new heights. With the majority of BONE holders in a profitable position and the platform gaining stability and offering new features, the future looks promising for this layer 2 blockchain. As Shiba Inu continues to expand its reach and attract attention globally, it is cementing its status as one of the leading meme coins in the cryptocurrency sphere. Investors and enthusiasts are eagerly monitoring its progress and eagerly awaiting what lies ahead for Shibarium and the BONE token.
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