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The crypto market witnessed a thunderous start to the new week as Bitcoin (BTC) surged by a staggering 3.8%. Within just four hours, the market saw liquidations totaling a substantial $39.22 million, predominantly from the bearish side.
While Bitcoin's performance grabbed attention, it was another member of the Shiba Inu ecosystem, BONE, that stole the show with an even more remarkable performance.
BONE, a token in the Shiba Inu ecosystem, experienced a jaw-dropping 6.5% increase in value, reaching an impressive $0.78 per token, marking its highest point in the last week. In stark contrast, SHIB, the primary token in the Shiba Inu family, managed only a 2% rise during this market craze.
This surge is not merely a momentary spike for BONE - it is a part of a much larger and remarkable trend. Thus, the token has surged by over 10% since the previous Friday, when it hit a low of $0.69 per token.
Looking ahead, it may be predicted that BONE's positive momentum could propel it to a significant milestone of $0.84 per token, which is the next important price level. Achieving this target would require Shiba Inu's token to make another substantial 10% leap.
If this upward trajectory continues, it could signify a major breakthrough for the Shiba Inu ecosystem, changing the sentiment of the whole SHIB community.
Tomiwabold Olajide
Arman Shirinyan
Alex Dovbnya
