Advertisement
AD

Main navigation

SHIB, BONE, LEASH of Shibarium Now Available on This Crypto Platform, Here’s Price Reaction

Advertisement
Mon, 11/09/2023 - 15:29
SHIB, BONE, LEASH of Shibarium Now Available on This Crypto Platform, Here’s Price Reaction
Cover image via www.freepik.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

Australian crypto exchange GroveX has announced on its X page that now all the three Shibarium tokens – the SHIB, BONE and LEASH trifecta – are available for trading on its platform.

Advertisement

BONE and LEASH were added by the exchange last week to trade against USDT and BUSD stablecoins.

In the comment thread, the SHIB community responded eagerly, glad of the positive news from GroveX. Aside from the Shibarium trifecta, the platform has recently also added support for PEPE meme coin.

Still, the price performance put up by these meme coins is not bullish at the moment. BONE is down more than 13%, SHIB is trading at a 5% discount compared to Sunday. As for Doge Killer (LEASH), it is 3.64% down over the past 24 hours too. Over the weekend until now, Shiba Inu has lost more than 8% of its value, dropping to the $0.00000706 level at the time of this writing. Today’s price decline alone constituted 5.08%.

Advertisement

BONE performs the function of a gas token on Shibarium and helps burn SHIB, LEASH allows users to earn rewards in return for staking on the ShibaSwap dex - the official decentralized exchange of Shibarium.

Related

SHIB price plummets but there is a catch

Still, as reported by U.Today earlier, even despite SHIB’s current price drop, its NVT (Network Value to Transactions), a key metric that helps to estimate a cryptocurrency’s health, is on the rise. When NVT is going up, it signals that the value of the network is growing relative to its transaction volume.

Besides, the concentration of whales for SHIB now equals 77% and they are likely prepared to hold long-term.

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD