Shibarium’s ‘Puppynet’ Reaches 100,000 Wallets, BONE Dips 2%

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Shibarium received over 7,000 applications on the Shibarium Tech site.
Shibarium’s testnet registered over 100,000 wallets, with 3,000 daily transfers.
#15 ranked Šiba Inu (SHIB) is the top-held crypto by the TOP 2000 ETH whales.

Razvijalci of SHIB Token recently launched the initial version of the highly-anticipated Layer-2 scaling solution for Šiba Inu (SHIB). As SHIB, the original ERC-20 token, is transitioning into a self-sufficient cryptocurrency with its own independent blockchain, the testnet is crucial to find and remove bugs before the official mainnet launch.

BONE Keeps on Falling – Rebound Incoming?

Despite the testnet results indicating that everything is going well on the technical side, the gas fee token Bone ShibaSwap (KOSTI) cannot break out from the protracted descent following $BONE for the past month. On top of that, the governance token for Shibarium seems to be trading below the fundamental resistance line of $1.50, finding support at the $1 zone.

At press time, the #160 ranked Bone ShibaSwap is cena na $ 1.08Po CoinGecko. Dropping by 2% in the last 24 hours, Shiba Inu’s BONE suffers from a 38.8% monthly deficit. In addition, crypto analytics tool V blok suggests that $BONE’s on-chain signals are mostly bearish - še posebej V denarju in Velike transakcije, declining by 5.5% and 8.35%, respectively.

However, the situation is expected to change by the majority of the community known as the SHIB Army. As Shibarium is confirmed to be built on a fork of the thriving Polygon (MATIC), it’s likely that Shibarium’s mainnet would have similar fees to the #10 blockchain by global market cap. Besides, Shiba Inu’s community would be burning a desired amount of SHIB tokens on every transaction, which helps to maintain the memecoin’s market price.

Na spodnjem delu

Despite the recent bearish trend, Bone ShibaSwap is still up 54.4% yearly.
It’s unclear what percentage of Shiba Inu tokens is the default for Shibarium transactions.

Zakaj bi morali skrbeti

Shiba Inu (SHIB) has a larger community than Poligon (MATIC); therefore, the success of Shibarium could push the memecoin to the TOP 10 by global market capitalization.

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