(MENAFN- CoinXposure)
Layer-2 Shiba Inu blockchain Shibarium gas token Bone ShibaSwap (BONE) token increased by more than 35 percent and entered the top 100 cryptocurrency list following the announcement by lead developer Shytoshi Kusama that the Shibarium mainnet release and Worldpaper will be released in August.
In the previous twenty-four hours, the price of BONE skyrocketed by 25% after breaking multiple resistances, setting the stage for a rally to $3.
The lead developer of Shiba Inu, Shytoshi Kusama, previously disclosed that Shiba Inu is the title sponsor of the blockchain futurist conference , where Shibarium and the ecosystem's“Worldpaper” will be unveiled.
A few days before the announcement, Lucie, the official content marketing specialist for the Shiba Inu ecosystem, predicted on July 3 that Bone ShibaSwap (BONE) would rise to between $2 and $3.
At that time, BONE was trading below $1, but it has since reached $1.4.
The price of BONE surpasses multiple resistance levels and the ascending channel to reach a 24-hour high of $1.4.
It indicates that the price action is bullish, with Bollinger bands and the relative strength index (RSI) pointing to additional upside movement in the context of continued strength.
After the release of Shibarium, the price of BONE could reach $2 in a few weeks and $3 after the ensuing rally.
Shytoshi Kusama will deliver a speech using AI for the first time at the Blockchain Futurist Conference, ETHToronto, and ETHWomen events.
In addition, the team will announce Shibarium-related projects, Doggy DAO and SHIB DOGGY DAO FOUNDATION details, and its four ecosystem tokens.
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In addition, Unification, BadIdea.Ai, and other Shibarium Tech partners and projects will be on display at the event.
Meanwhile, the“Puppynet” Shibarium testnet has surpassed 25 million transactions.
The rise in Shibarium network activity indicates massive demand and a long-term increase in SHIB and BONE prices.
The Shiba Inu ecosystem will become more decentralized as the community takes over ecosystem-level decisions following the launch of Shibarium.
The current SHIB price is $0.00000729, while the BONE price is $1.3. Both prices have increased over the past 24 hours.