Shiba Inu (SHIB), Bone ShibaSwap (BONE), and Doge Killer (LEASH) are the three tokens that comprise the Shiba Inu ecosystem. While SHIB has attracted the greatest attention from investors, the prices of BONE and LEASH have also risen in recent months.
BONE is the governance token for ShibaSwap, a decentralized exchange launched in July 2021. It quickly reached an all-time high of $15.50 but has since plummeted 92% from that peak. To regain its all-time high, an investor would need to purchase 64,516 BONE tokens with an initial investment of $79,354.
Read Also: SHIB News: Shibarium Launch Date Confirmed By Shiba Inu Lead Developer
LEASH, with a token supply of 107,566, is a deflationary token that debuted in April 2021. It swiftly achieved an all-time high of $8,983 a month later but has now declined by 95.35% from that peak.
Both BONE and LEASH have the potential to make investors millionaires, but it’s important to consider that the cryptocurrency market is volatile, and there is no certainty that each token will reach its all-time high.
The future of BONE and LEASH is currently unknown, but several factors could lead to an increase in their prices.
One such factor is the imminent release of Shibarium, a layer-2 scaling solution for the Shiba Inu ecosystem. Shibarium aims to reduce transaction fees and improve the overall efficiency of the ecosystem. This development may create higher demand for BONE and LEASH, as they will be used to pay for Shibarium transactions.
The ongoing development of the Shiba Inu ecosystem, including initiatives like the ShibaSwap decentralized exchange and the Shiboshi NFT collection, could also drive up the price of BONE and LEASH. These endeavors have the potential to attract new investors to the ecosystem and increase demand for the tokens.
However, it’s important to note that investing in BONE and LEASH carries risks. The cryptocurrency market is volatile, and there are no guarantees that these tokens will reach their all-time highs. Additionally, since the Shiba Inu ecosystem is still in its early phases, its long-term success is not guaranteed.
Read Also: Shiba Inu Strengthens SHIB Ecosystem with New Strategic Partnership: Details
In summary, the future of BONE and LEASH remains uncertain. While there are factors that could potentially increase the prices of these tokens, it is essential for anyone considering investing in BONE or LEASH to conduct thorough research and understand the associated risks.
Disclaimer: This article is not financial advice. Please conduct your own research before making any investment decisions.
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HO CHI MINH, Vietnam, 17th November 2024, Chainwire