The $BONE Bullcase
Most people here sure have heard about $SHIBA which reached >40 Billion $ marketcap in the last run. Well $BONE is also part of the same ecosystem and we think it has a bright future ahead 👀 $BONE is currently sitting at a 167M USD marketcap.
What is Shibarium
Shibarium is a Layer 2 Blockchain, and will act in much the same way as Ethereum does today.
Shibarium isn’t out yet. It was announced in 2021, and has not been released yet. We do have a rough timeline towards the launch date, and this is pure speculation, according to XFUND (the developer of shibarium), they’re looking at a Q3 beta test cycle. If that’s the case, then a Q4 launch may be just around the corner. Just speculation ofcourse 👀
Check the latest update from XFUND regarding Shibarium here
$BONE will be the gas token for Shibarium and that’s one of the main reasons we think it will do very well.
Follow the Shibarium twitter for the latest news regarding upgrades to the protocol, network updates, and other relevant information.
$BONE Tokenomics
Initially there was a blockreward of 80 $BONE per Ethereum block. This has been halted at 230M tokens. Additionally, there will be 20M tokens available to reward validators for the services they provide towards Shibarium. The supply therefore is hardcapped at 250M tokens.
Why are we bullish on $BONE?
The past 2 bullruns we saw Dog Tokens doing really well (SHIB / DOGE / Many others). Although historical events can’t predict the future it’s an indicator we are not going to ignore.
$BONE will be the GAS token of Shibarium — this is one of the main triggers for us, since the #SHIBARMY is very strong and large this could well trigger a bigger movement. Assuming Shibarium will become a low fee chain.
Even if $BONE reached 1/10th of the value of BNB this means a 40X from here (LIQUID).
$BONE isn’t listed on any major exchanges (YET) so we expect quite the hype when Shibarium releases.
None of this is financial advice but we are keeping a close eye and try to DCA in.
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