Shiba Inu Coin News: Dogecoin (DOGE), the largest meme coin in the cryptocurrency market is having a hard time. The DOGE price has been on a decline along with other major digital assets since Kraken agreed to shut its cryptocurrency staking operations after the U.S. Securities and Exchange Commission (SEC) to some harsh actions. U.S. watchdog accused the platform of offering an unregistered crypto staking program.
However, Shiba Inu (SHIB) and BONE ShibaSwap (BONE) have successfully managed to outperform DOGE in the past 90 days. SHIB prices have managed to spike by 30% while BONE price skyrocketed by 121% in the same period.
The successful journey of SHIB
There are multiple reasons for the recent bearish crypto market trend and fall of Dogecoin including high inflation, extreme market conditions, and many more. But it is unexpected for other meme coins such as Shiba Inu and BONE to overcome all this and beat DOGE to be one of the important cryptocurrencies in the volatile crypto market.
Shiba Inu (SHIB) and Bone ShibaSwap (BONE) prices witnessed a massive surge over the past 60 days. This outstanding price rally managed to bring confidence back into the meme crypto community. SHIB has surged nearly 42.72% while BONE price zoomed by 100.01% making them the top gainers among the biggest meme cryptos. At the same time, Elon Musk’s first love, Dogecoin, has stumbled more than 9%.
At the time of writing, the current price of SHIB is $0.00001259 with a market cap of US$6.91 billion and a volume of $477,353,855 along with the total SHIB token availability is 549,063,278,876,302, despite the total global market cap is $1.01 Trillion.
There are multiple cryptocurrencies like Bitcoin, Ethereum, Dogecoin, BNB, and many more struggling after the rumors were out but Shiba Inu and BONE are showing championship spirit as the cute dog outperformed popular cryptocurrencies in this current environment. Read More Shiba Inu coin News Here…
BONE is All You Need
At the time of writing, BONE was up 3.04% at $1.54, outperforming DOGE, which was down 0.73% at $0.08163 at press time. The reason for this upsurge is drawn from the impending launch of the Layer 2 Shibarium beta. As you know, BONE is going to be the native token selected to pay for gas transactions and reward validators within the protocol.
Disclaimer: The information provided in this article is solely the author’s opinion and not investment advice. The whole purpose of “Shiba Inu News: SHIB and BONE is Constantly Outperforming DOGE!” is to educate and provide information about what is trending in the crypto space. Anyone planning to invest in crypto assets should seek his or her own independent financial or professional advice.