investing.com. Despite dropping over 2% in 24 hours at the time of writing, it is still up almost 20% in the first week of February, making it the top performing cryptocurrency in the top 20 on that horizon, by far.
It should be noted that these stable results follow the month of January when SHIB rose by +50%.
As for the reasons for the superiority of the Shiba Inu over other cryptocurrencies, it seems to be due to the hype surrounding the debut of the Shiba Inu’s own blockchain, the shibarium, which will be built on .
Speaking of which, the SHIB community recently introduced a new token called Bone Shibaswap (BONE) that will serve as a governance token allowing holders to vote on proposals as Shibarium expands.
However, the Bitget platform began listing BONE a few days ago, and the token has already accumulated a market capitalization of $411 million.
“BONE is a governance token in the Shibaswap ecosystem that will allow the Shib Army to vote on upcoming proposals. The more , the more weight the user will have in future projects. BONE has 250,000,000 tokens in total,” Bitget explained.
Note that SHIB fans are also campaigning for BONE listing on the world’s largest cryptocurrency exchange, Binance, causing speculation in this regard.
“This petition aims to ask Binance to list Bone tokens for trading… Let’s encourage Binance to be the first traditional broker to board this train!” the tweet says.
As a reminder, the launch of BONE is the first step in the Shibarium roadmap, which also includes the rollout of two other tokens, LEASH and TREAT, which are intended to be used as reward tokens for SHIB holders. Therefore, other events are likely to generate interest and speculation around the Shiba Inu later this year.