• BONE Shibaswap (BONE) is a governance token of the ShibaSwap decentralized exchange.
• This article provides an analysis and price prediction for Bone Shibaswap (BONE) for 2023, 2024-2030.
• Technical indicators such as RVOL, MA & RSI, ADX & RVI used to predict BONE’s future price movements.
What is Bone Shibaswap (BONE)?
Bone Shibaswap (BONE) is a governance token of the ShibaSwap decentralized exchange that operates on the Ethereum blockchain within the Shiba ecosystem. As a governance token, BONE empowers holders to participate in important decisions, propose developments, and vote on matters concerning the decentralized autonomous organization (DAO) known as Doggy. With BONE’s utility , users can actively engage in voting on crucial protocol proposals. Additionally, it serves as the payment token for fees on Shibarium and one of the flagship tokens within ShibSwap—a decentralized ecosystem closely linked with the Shiba Inu community.
Bone Shibaswap (BONE) Current Market Status
Bone Shibaswap (BONE) currently ranks 102nd on CoinMarketCap in terms of its market capitalization with a 24-hour trading volume of $53,571,124 USD and circulating supply of 229,923,351 BONE tokens. The all-time high value recorded was $41.67 USD achieved on Sep 14 2021 while its all-time low value was recorded at $0.2899 USD achieved on May 12 2022.
Bone Shibaswap 24H Technicals
A technical analysis including various indicators such as RVOL MA & RSI and ADX & RVI were used to predict Bone Shibaswaps future price movements based off its 24 Hour data points available via TradingView .
Bone Shibaswap (BONE) Price Prediction 2023
For 2023 predictions are bullish with a possible reach up to $3 – $5 soon or bearish going down to as low as $0.6032 depending on market conditions throughout this period.
Comparison of BONE with BTC, ETH
A comparison between Bone’s performance versus Bitcoin and Ethereum revealed that it has been underperforming both coins since its launch however some slight improvements have been noted during certain periods where it has outperformed both coins but not significantly enough to make any long term impactful changes ___.