28 February, 2024

SHIB Gains, BONE’s Trading Volume Jumps, LEASH Lags

4 weeks ago

30 Jan, 2024

  • Shiba Inu’s SHIB token rises to $0.059325 with a stable trading range, ranking 19th in market cap.
  • Bone ShibaSwap’s BONE token shows a notable 3.3% increase, accompanied by a 39.20% surge in trading volume.
  • Doge Killer (LEASH) records a modest 0.1% price rise, remaining far below its all-time high.

The recent developments surrounding Shiba Inu (SHIB) and its related tokens, Bone ShibaSwap (BONE) and Doge Killer (LEASH), have garnered significant attention. These meme-inspired cryptocurrencies have shown notable trading activity, with Shiba Inu experiencing a modest 3.3% increase in its trading price, reaching $0.059325

At present, SHIB is at the 19th position in terms of market capitalization, with a current valuation of $5.5 billion. The trading range for SHIB has been stable, with fluctuations between $0.058947 and $0.059398 over the last 24 hours.

SHIB Price, Source: CoinGecko

Bone ShibaSwap (BONE), closely associated with Shiba Inu, has also seen a 3.3% rise in its value, trading at $0.5775. The trading volume for BONE has surged by 39.20% in the last day, reaching $5,837,280, indicating a growing interest in the token. Its market capitalization stands at $144,127,280, ranking it 288th on CoinGecko.

BONE Price, Source: CoinGecko

Another related token, Doge Killer (LEASH), has experienced a more modest increase of 0.1%, with its trading price at $267.85. LEASH’s trading volume has increased by 15.40% to $1,167,048 over the past 24 hours. Despite its name suggesting a rivalry with Dogecoin, LEASH’s market performance has been somewhat subdued, with its price significantly below its all-time high of $4,528.43 recorded in June 2021.

LEASH Price, Source: CoinGecko

The Shiba Inu community, often referred to as the SHIB Army, has been particularly vocal on social media platforms such as X (formerly Twitter), especially regarding the token BONE. This engagement has caught the attention of cryptocurrency exchanges like Uphold, which recently announced the relisting of several cryptocurrencies, including SHIB, to its Canadian customer base. The announcement has sparked conversations within the community, highlighting the token’s popularity and potential for further adoption.

When comparing Doge Killer (LEASH) with its peers, it is evident that the token is underperforming. With a negligible price increase in the last week, LEASH is lagging behind the broader cryptocurrency market, which has seen an 8.10% uptick, and even more so compared to other Ethereum ecosystem cryptocurrencies, which are up by 12.70%. This comparison underscores the competitive and volatile nature of the cryptocurrency market, where tokens can fluctuate widely in performance.


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