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Shiba Inu's BONE Skyrockets 6%, But Bigger Picture Is Even More Impressive

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Mon, 16/10/2023 - 8:02
Shiba Inu's BONE Skyrockets 6%, But Bigger Picture Is Even More Impressive
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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. 

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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.

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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.

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BONE to USD by CoinMarketCap

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.

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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.

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