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Shiba Inu's LEASH and BONE Prices Go up Again, Here's Where They Could Aim

Tue, 02/21/2023 - 09:39
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Gamza Khanzadaev
Doge Killer LEASH and BONE ShibaSwap soar at double-digit rate for second week straight
Shiba Inu's LEASH and BONE Prices Go up Again, Here's Where They Could Aim
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Shiba Inu ecosystem tokens BONE and Doge Killer LEASH — yes that's the full name — continue to show double-digit percentage price increases. Both tokens are up more than 13% and 10%, respectively, since the opening of today's trading day. Most interestingly, at the same time, the main ecosystem token, SHIB, has been trading in an extremely tight range of $0.000012 to $0.000014 for the past four weeks.

Shiba Inu's BONE Rallies 8% as SHIB Dev Hints Positive News: Details

The reasons for BONE's 125% year-to-date growth have been covered in detail by U.Today previously. As for now, despite the positive sentiment in BONE, looking at its price chart, it seems that the upside potential is somewhat exhausted. The token is now trading near its local high of $2 and, until it is overcome, it is too early to speculate on anything more.

Doge Killer (LEASH) price action

LEASH, on the other hand, has always been in the shadow of SHIB and BONE until it soared in price by more than 50% in the past week.

DOGE Killer (LEASH) Price Analysis for February 20

LEASH does not have the utility of a similar scale in Shibarium. The reason for its recent explosive price action most likely lies in the undervaluation of LEASH against BONE and SHIB. For example, the token currently has a market capitalization of $75.5 million, according to CoinMarketCap, versus $430 million for BONE and $7.43 billion for Shiba Inu.

LEASH to USD by CoinMarketCap

Looking at the LEASH chart, if the positive momentum continues and the token breaks through the important resistance level of $700, the next target could be $1,000.

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About the author

Financial analyst, trader and crypto enthusiast.

Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management.

He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.