Gushiken Yona
Two tokens of the Shiba Inu ecosystem, Shiba Inu (SHIB) and Bone ShibaSwap (BONE), are capturing the attention of crypto enthusiasts, earning recognition as top “Hype Tokens” during a week dominated by canine-themed assets. Their prominence underscores the enduring appeal of the Shiba Inu brand and the growing interest in its expanding ecosystem.
ChangeNOW, a web3 cryptocurrency exchange platform, recently highlighted the trending tokens on its platform on X (formerly Twitter) account, dubbing the period a “Dog Week.” SHIB, the global phenomenon secured the top spot, fueled by renewed excitement surrounding the series of major developments within the Shiba Inu ecosystem, including the upcoming ShibaCon in Thailand. The recent surge in the TVL of Shibarium also stirred a lot of attention to the crypto project. ChangeNOW even provided direct links to the Shiba Inu platform for users interested in acquiring SHIB, capitalizing on the renewed interest.
BONE, the governance token of the ShibaSwap decentralized exchange and the gas fee token of the Shibarium network, also garnered significant attention, securing the third position on ChangeNOW’s list. Its crucial role in the Shiba Inu ecosystem, particularly in driving governance decisions and shaping the future of Shibarium, contributed to its elevated status.
ChangeNOW’s spotlight on these “Hype Tokens” provided a snapshot of the current trends within the cryptocurrency market. The prominence of SHIB and BONE reflects the continued influence of the Shiba Inu community and its expanding ecosystem.
While meme coins often face skepticism, the sustained interest and development within the Shiba Inu ecosystem suggest a potential for growth and innovation beyond the initial hype.
Shiba Inu (SHIB) is experiencing a period of significant price appreciation, outperforming the broader cryptocurrency market. As of Wednesday morning ET, SHIB was trading at $0.00001768, reflecting a 1.93% increase over the past 24 hours.
This positive momentum extends beyond the short term, with a 5.16% gain over the last week and a substantial 34.09% surge over the past month. This robust performance suggests strong investor confidence and renewed interest in the Shiba Inu ecosystem.
With a circulating supply of 589,267,451,065,932 SHIB, based on CoinMarketCap data, the market capitalization has risen by 1.92% to reach $10,420,714,179, indicating a significant increase in overall value. The substantial 24-hour trading volume of $298,108,265 further underscores the heightened activity and interest surrounding SHIB.
In contrast, Bone ShibaSwap (BONE) is facing downward pressure. While still experiencing positive growth over the past month (2.94%), BONE’s price has dipped by 1.59% in the last 24 hours and declined by 3.28% over the past week, trading at $0.4056.
ShibaCon, a vision of Shiba Inu creator Ryoshi, is set to make history in Thailand. Join the movement and be part of this landmark event in November. Tickets are available now at shibacon.shib.io.
Read More
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- Can Meme Coins Save the World? Vitalik Buterin Thinks So
Yona has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Daily is an official media and publication of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
