Shiba Inu’s Bone Price Set To Skyrocket? Here’s Why

Shiba Inu Coin News: Shiba Inu’s Bone is up 5% in the last 24 hours, outperforming the top meme cryptocurrencies by market capitalization. The reason behind this price rally could be the recent announcement made by one of the oldest global Bitcoin exchanges, Gate.io.

Gate.io Would Add Support to Bone ShibaSwap

Gate.io, a well-established cryptocurrency exchange recently announced that it would add support to Bone ShibaSwap with the trading pair BONE/USDT via an official blog post. The platform which has over 12 million registered users updated its trading page for ShibaSwap on Thursday with a countdown to when the altcoin will go live.

SHIB said in a tweet on Friday that the BONE is now being listed on Gate.io. The listing announcement also garnered investors’ attention.

“Woof! @gate_io to commence Bone ShibaSwap (BONE) trading at 04:00 AM UTC on February 24th, 2023”

– Shib (@Shibtoken), February 24, 2023

More and more exchanges are taking notice of ShibaSwap as the launch of the much-anticipated Shibarium Beta draws near, More and more exchanges and crypto platforms are taking notice of Bone ShibaSwap. Huobi, FCF Pay, XTCOM, CoinMerge, CoinRabbit and Bitget to name a few.

Massive Price Rally

At the time of writing, BONE was trading at a high of $1.97, after breaching the $2 mark at 8:40 am (IST). It is up 45% in the last 30 days and surged nearly 5% in the last 24 hours. With a one-day trading volume of $16,030,244 ($16.03M), this meme coin is indicating strong investor interest and demand.

While on the other hand, Elon Musk’s favorite meme crypto Dogecoin was down 1.64%, trading at $0.0844. Shiba Inu was exchanging hands at $0.00001309, down 2.60%, and Floki’s rally cooled down with a 4.41% dip, currently trading at $0.00005078.

Also Read: Shiba Inu News: Can LEASH Jump Into Top 100 Cryptos After BONE