While the crypto community is anticipating the launch of Shibarium, it is memecoins that are leading the crypto-currency market in the current scenario. The price of bitcoin (BTC), like other altcoins, is undergoing a correction after an encouraging breakout towards the $24,000 level after the Fed announced an interest rate hike in line with expectations.
Shiba Inu lead developer Shytoshi Kusama has hinted at the timeline for the beta release of Shibarium. From Kusama’s subtle hints, the SHIB community was hoping that Shibarium would be launched around February 14. However, that doesn’t seem to be the case with the latest update on the developer’s Twitter profile.
Will Bone soon be ranked in the Top 100?
BONE will be used as the gas token of the second layer of the Shibarium blockchain and will also be part of the DEX governance system. This is leading to increasing speculation around the crypto-currency as the launch of Shibarium approaches. Developers are working to ensure that BONE has a range of use cases for the token once Shibarium launches. In fact, community support is so strong that a petition was recently signed in favor of listing BONE on Binance.
The BONE token is currently at the closest level to the annual high of $2. At the time of writing, the price of BONE is $1.78, up 22.58% in the past 24 hours, according to price tracking platform CoinMarketCap. If the token were to enter the top 100 crypto-currencies based on current market capitalization, BONE would have to gain about 35%, which would put it at $2.40.