Popular meme coin Shiba Inu had good news for Shibarium today. After that, the BONE tokens of the previously stuck altcoin project achieved an impressive price increase amid positive updates about it.
SHIB Army is excited
Shiba Inu developer Shytoshi Kusama previously promised to increase the capacity of the Shibarium by 1,500 percent. cryptocoin.com As you follow, the Shiba Inu team has added a new monitoring system to Shibarium and an extra failsafe mechanism such as RPC level rate limiting and automatic server reset. Through this, the team aims to increase the security, stability and decentralization of Shibarium.
Lucie also asked the community to be patient as the team indexes Blockchain. In addition, the Shiba Inu team will launch the ShibPaper application to establish a fully functional management and governance structure. Shibarium’s usefulness and token burning will increase as more projects and dApps are built on the network.
Altcoin price registered strong increase!
The BONE gas token has gained over 17% on the day. The altcoin rallied vertically from $1.25 to $1.41. According to CMC data, the token is currently trading at $1.40. In addition, the trading volume increased by 100% in the last day. This was a sign that it attracted the attention of investors.
BONE daily price chart. Source: CoinMarketCapOn the other hand, Shiba Inu kept adding new investors. There was a dramatic increase in the number of people holding SHIB the previous day. The metrics show that the number of people with SHIB has increased by 2,418,953 in the past 24 hours.
Causes of the BONE rally
In particular, BONE’s impressive price performance is primarily due to the many positive developments in the altcoin project’s ecosystem. One such rise is due to the recent redesign of Puppyscan, the Shibarium testnet explorer. Another is the gradual release of previously stuck BONE tokens to users. On Thursday, prominent Shiba Inu marketing expert Lucie shared an exciting update on BONE at Shibarium. The community influencer has confirmed that some previously stuck BONE tokens have fallen into users’ balances. Other users have also confirmed this.
My bridged $BONE arrived.
You can check yours on https://t.co/KkZfTdO34a
Be patient- It’s indexing. pic.twitter.com/9mjdtK9xbc
— 𝐋𝐔𝐂𝐈𝐄 | Summer of Shibarium (@LucieSHIB) August 24, 2023
Another factor fueling the high interest in the altcoin token is the improvement and optimization of the Shibarium main-net before it goes public. Shytoshi Kusama also announced new features added to Shibarium to improve the user experience on Wednesday. Shibarium has resumed block production after a break of several days, as previously reported. Notably, the Shiba Inu ecosystem token BONE posted strong growth. With over 7.5 million BONEs deposited, backers remain optimistic for a massive rally in the coming months.
