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Bone ShibaSwap Up 37% Over the Weekend, Where’s the Next Bone?

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Shiba Inu (SHIB) has emerged among the most popular cryptocurrencies launched after the Dogecoin (DOGE) price hike in 2021. What started as just another take on the dog-themed meme currency has now evolved as a community-driven project with a remarkable brand development ecosystem.

The ShibaSwap Bone Token (BONE) is one among several projects developed by the team and launched when they debuted on the ShibaSwap Decentralized Exchange (DEX), Shiboshi NFTs, and the Shibarium layer-2 scheduler blockchain.

In August 2022, BONE price posted a successful price chain after countless exchanges listed the Shiba Inu governance token. However, Bone ShibaSwap has since experienced a price correction, an action that hinges somewhat on the recent cryptocurrency crash caused by the FTX crash.

Between late November and early December, bone price They recently recounted the steps using the crucial support at $7.0 to keep the bears in control. As of December 19, the price of BONE is $0.917, up 2% in the last 24 hours. It has a market capitalization of $810.076 billion along with a 24-hour trading volume of $23.429 billion. This places him at #132 on CoinMarketCap.

Bone ShibaSwap Price drivers and their place in the Shiba ecosystem

The decentralized ShibaSwap exchange (DEX), the handiwork of Shiba Inu developers, was launched in July 2021 as a platform where ShibArmy users can trade their SHIB tokens for other forms of crypto. ShibaSwap is designed as a fork of SushiSwap and ShibaSwap, which run on the Ethereum (ETH) blockchain, with tokens of the ERC-20 standard.

As the governance token for ShibaSwap, BONE allows users to vote on proposals for future development of the project. Among the perks within their voting mandate are any pairs that will be added to ShibaSwap through the Doggy Decentralized Autonomous Organization (DAO). Notably, how much an individual influences the outcome is directly proportional to the number of bone tokens.

Based on CoinMarketCap dataOf the total supply of 229.9 million, only up to 156 million BONE tokens are in circulation. With a maximum of 250 million tokens, Bone ShibaSwap tokens are minted to be paid to liquidity providers for exchange pairs on ShibaSwap.

The 250 million tokens were intended to fit into the massive 500 trillion SHIB tokens and a much smaller supply of Doge killer, LEASH tokens, which were launched as a re-establishment token and are similar to an algorithmic stablecoin. An algorithmic token uses a computer program to automatically increase or decrease supply as a means of keeping its price pegged to another asset. The LEASH tokens have already been “unleashed” and are therefore not tied to Dogecoin anymore.

BONE, SHIB, and LEASH tokens power the ShibaSwap ecosystem, where users can DIG (liquidity provision), FETCH (liquidity carry-over, or BURY (share)) their tokens to earn BONE. excerpt from Chiba Ecosystem White Paper is reading:

“While stacked tokens receive a fixed percentage of BONE, SSLP pools are distributed as BPB (BONE per block) based on the allocation points of each individual pool.”

ShibaSwap documentation She also revealed, “Our platform also allows ShibArmy to access upcoming NFTs and additional tools, such as wallet trackers, to make navigating the crypto world simple and intuitive.”

Bone prices rise when the Shiba Inu network is updated

Since Bone ShibaSwap is a DEX that runs on the Shiba Inu network, news and updates on the ecosystem’s official website will certainly affect its price. The recent spike is related to Shiba Inu revealing a surprise that has been teasing them, including the release of a major update for Shibarium and its beta details.

After many teasers, Shiba Inu developers have finally revealed the surprise behind the strange hints that have been dropped in recent days and provided details about the Shibarium beta test. Sunday’s tweet read:

One Shiba Inu developer – ShibaTrophias, noted that the website upgrade is only the “first step” towards launching the long-awaited Shibarium Beta launch. He also shared the tweet above, saying:

“the countdown The official launch of the website is now available at shibatoken.com, but the developer advised, “The entire website will not be launched at once.”

The disclosure is credible since @ShibaTrophias is the same user who provided details about the schedule for upcoming Shiba Inu initiatives. The user has been dropping cryptic tweets for the past few days, which has sparked speculation among the Shiba Inu community.

However, once all those theories came to an end, the website happened to go live before the community even got to the beta version of the upcoming Layer 2 solution.

in a a series From the tweets on Sunday, a social media influencer who is also a former Shiba Inu Growth Breed member with Twitter account @LucieShib shared thoughts on what the team was planning. Lucy confirmed that the Shiba Inu was updating their website.

Most likely, this step will entail publishing the “wiki infrastructure”, followed by “Woof paper”, which may serve as a roadmap, and “Shibarium documentation”, to serve as the community’s guide to the Layer 2 solution, based on LucieShib’s assumption.

Although no beta test release date or Shibarium documentation has been reported, lead developer Shiba Inu alias Shytoshi Kusama had earlier vowed that it wouldn’t be “long” before the project started.

ShibArmy expects that with the launch of Shibarium, the Shiba Inu price will recover from the recent crash related to the broader turmoil in the crypto market. The BONE symbol follows suit.

Bone ShibaSwap price is preparing to return to $1.63

BONE price is trading in a second bullish session, as seen on the daily chart, after showing a gain of 37% on Sunday. Bone ShibaSwap’s rally was rejected by the resistance from the 100-day simple moving average (SMA), which is currently at $0.952.

With the recent recovery, BONE has exited the technical descending triangle formation, which indicates that the sell-off, which started on November 8, may have come to an end. As such, the closing of the daily candlestick above the 100-day SMA will show the buyers’ ability to sustain a sustained recovery.

If this happens, BONE/USDT could rally higher to set the range high of $1.33 or the psychological level of $4.0 above it. Overcoming these barriers would pave the way for Bone ShibaSwap’s price to reach the upper $1.63 range, which it reached on September 6th. The move would bring the total gain to 78%.

BONE/USDT daily chart

TradingView chart: BONE/USDT

From the above daily chart, it can be seen that BONE is on a strong downside support. This includes immediate support provided by the 50-day SMA at $0.815, the 200-day SMA at $0.738, and a large demand area located between $0.462 and $0.631. These areas are strong enough to absorb any selling pressure that threatens to drive the price lower.

Also supporting the bullish hypothesis of Bone ShibaSwap was the upward movement of the Relative Strength Index (RSI), which showed that the market favors an upward trend. Price strength at 57 indicates that buyers are starting to control BONE price.

Adding more credence to the optimistic outlook for the DEX symbol was the upward movement and the location of the Moving Average Convergence Divergence (MACD) indicator in the positive territory. Note that the MACD has just sent a call to buy BONE on the daily chart. This happened in the early Asian trading hours on Monday when the 12-day exponential moving average (EMA) crossed above the 26-day moving average, indicating that the market has turned bullish.

On the flip side, the failure of Bone ShibaSwap price to rise above the 100-day SMA at $0.952 would indicate weakness among buyers, indicating that the recent rally could have been a fake. In such a scenario, BONE price might drop below the 50-day SMA and later the 200-day SMA.

In very bearish cases, the M-character might drop lower to mark support floors located at $0.631 and $0.462, respectively. Market participants can expect Bone ShibaSwap’s price to consolidate around this demand area before making another attempt at recovery.

Promising alternatives to bone

As the year comes to a close, investors are making New Year’s resolutions just like everyone else. Promise yourself that 2023 will finally be the year you achieve all the goals you missed in 2022. However, for investors, it involves portfolio diversification and the investing aspect of their lives. While others cite self-care things, the investor looks at instances where they missed projects that have since blossomed. Don’t be such a dealer. Below is a list of projects that you should definitely get into.

FightOut (FGHT)

FightOut is the future of health and fitness, and it comes in the form of a new coin-to-earning (M2E) currency in the market dubbed FGHT in USD. FightOut is a Web3.0 Fitness App and Sports Game Series which meets players at the point where real-world training and competition intersect in the metaverse (a world first of its kind).

The FGHT token is now selling for $0.01665002, where 1 USDT can get 60.06 FGHT Tokens. Most importantly, there is no minimum or maximum purchase amount for these tokens. Currently, there are only up to $10 billion worth of FHGT coins in total, with 60% of that number destined for presale.

The FightOut project reached $2 million on Saturday and has since risen to $2.15 million, with a 50% bonus ending once the $5 million increase threshold is reached.

By becoming an early investor in the FGHT dollar coin, you can position yourself to enjoy the current highly favorable rate.

Visit Fightout here

Dash 2 Trade (D2T)

Dash 2 Trade is a cryptocurrency analytics platform developed by traders for fellow traders. The platform will offer many insights, including trading signals and social analytics on on-chain data, to increase your profits.

Dash 2 Trade ICO surges to $7.5 million as investors jump for early launch. Accordingly, investors are rushing to buy D2T tokens. The developers said that the fourth phase will begin once the total fundraising reaches $8,757,000, at which point the price of the D2T token will rise to $0.0533 from the current $0.0513. Investors didn’t want to miss out and rushed to the discounted buying opportunity.

Now, the project is in the fourth and final phase of the pre-sale, having raised $10.2 million, which leaves 66.8 million tokens left for the fourth phase.

The target is set at $13,420,000, so most of the tokens are already sold out. The project also revealed that more Central Exchange (CEX) listings are imminent.

Visit Dash 2 Trade here

Related news:

FightOut (FGHT) – the latest money-making project

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  • The early stage pre-sale is now live
  • Earn free crypto and learn about your fitness goals
  • KYC verified by CoinSniper
  • LBank Labs project
  • Partnership with Transac Block Media
  • Staking bonuses and rewards

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BNT/USD is trading near the $0.50 resistance

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The Bancor price prediction shows that BNT is crossing the 9-day and 21-day moving averages while the coin is taking off to the upside.

Bancor Prediction Statistics Data:

  • Bancor price now – $0.34
  • Bancor’s market capitalization is $55.8 million
  • The circulating supply of Bancor – 162.5 million
  • The total supply of Bancor – 162.5 million
  • Bancor Coinmarketcap Ranking – #287

BNT/USD market

Key levels:

Resistance levels: $300, $310, $320

Support levels: $130, $120, $110

BNTUSD – daily chart

BNT / USD It is currently trading at $0.345 after touching a daily high of $0.490, and is likely to return above the 9-day and 21-day moving averages. However, in case the buyers can push the price above the $0.50 resistance level, then the daily candlestick may close above this level, and the price may rise towards the upper boundary of the channel.

Bancor Price Prediction: Bancor is preparing for an upward movement

According to the daily chart, the Bancor price It is moving near the $0.40 resistance level as the coin is preparing for additional gains. The technical indicator’s RSI (14) is also moving to cross above the 50 level, where the signal line is pointing up to signal a buy signal.

However, if buyers are able to push the price and hold it above the 9-day and 21-day moving averages, Bancor price could rise towards the upper boundary of the channel to reach the potential resistance levels at $0.50, $0.55, and $0.60. While crossing below the lower border of the channel, it could lift the currency to the support levels at $0.25, $0.20, and $0.15, respectively.

Against Bitcoin, Bancor is following a bullish rally, and it could swing higher to cross above the upper boundary of the channel that could identify the resistance at 2400 SAT and above. On the other hand, if the market price crosses the lower boundary of the channel, it may reach the support level of 1800 SAT and below.

BNTBTC – Daily Chart

However, the technical indicator’s RSI (14) is currently moving to cross above the 50 level as the signal line is pointing north to confirm the upward move. Moreover, any further upward movement may create additional gains above the channel.

But, Dash 2 Trading It gives you the ability to improve your trading and scalping profits with effective crypto trading recommendations, automated trading, and analytics features. There is a D2T token pre-sale going on and time is running out. The launch of the pre-sale dashboard is coming soon as the product developer is ahead of schedule. To date, the prequel has raised nearly $12 million.

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Dash 2 Tadawul – High Potential Pre-Selling

Dash 2 Trading
  • Active pre-sale is live now – dash2trade.com
  • Featured in Cointelegraph – $10 Million Raised
  • Know Your Customer verified and reviewed
  • The original code for the crypto signals ecosystem

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DYDX/USD could rise above $1.20

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Since the coin starts the upward movement towards the upside, the dYdX price forecast is likely to move steadily inside the channel.

dYdX prediction stats data:

  • DYDX price now – $1.10
  • DYDX market capitalization – $72.7 million
  • Circulating supply of DYDX – 65.5 million
  • Total supply of DYDX – 1 billion
  • DYDX Coinmarketcap Rank – #198

DYDX/USD Market

Key levels:

Resistance levels: $2.00, $2.20, $2.40

Support levels: $0.50, $0.30, $0.10

DYDXUSD – daily chart

DYDX/USD is likely to cross above the 9-day and 21-day moving averages as the currency begins its upward movement. in the past few days, dYdX price Struggles to cross over to the positive side. According to the daily chart, the RSI (14) technical indicator moved to cross above the 40 level, confirming the bullish movement of the currency.

dYdX Price Prediction: DYDX is ready for an uptrend

the dYdX price It is currently moving north. If the currency continues its upward movement, the bulls may cross above the 9-day and 21-day moving averages, which could reach the resistance levels at $2.00, $2.20, and $2.40. At the time of writing, DYDX/USD is showing a slight bullish movement on the daily chart.

Conversely, if the coin slips below the lower boundary of the channel, it may bring the coin back to the $0.50, $0.30, and $0.10 support levels, respectively. Meanwhile, long-term buyers should not be alarmed by the small impact down the road, as the future of DYDX is assured as evidenced by the technical indicator’s RSI (14).

Against Bitcoin, dYdX price is hovering below its 9-day and 21-day moving averages as the coin is poised for an upward move. The technical indicator’s RSI (14) also confirms the upward movement as the signal line encounters the 40 level. On the contrary, a potential downside move could emerge if the market price crosses below the lower boundary of the channel, which could reach the support level 200 SAT and below.

DYDXBTC – Daily Chart

Meanwhile, any further bullish move above the moving averages could push the coin to the 1200 SAT resistance level and above, and this could take the coin to a new high, and the market could remain in the bullish zone.

But, Dash 2 Trading It gives you the ability to improve your trading and scalping profits with effective crypto trading recommendations, automated trading, and analytics features. There is a D2T token pre-sale going on and time is running out. The launch of the pre-sale dashboard is coming soon as the product developer is ahead of schedule. To date, the prequel has raised nearly $12 million.

Related

Dash 2 Tadawul – High Potential Pre-Selling

Dash 2 Trading
  • Active pre-sale is live now – dash2trade.com
  • Featured in Cointelegraph – $10 Million Raised
  • Know Your Customer verified and reviewed
  • The original code for the crypto signals ecosystem

Dash 2 Trading


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SBF to Enter Plea Deal, Mango Exploiter Arrested, Celsius News: Hodler’s Digest, Dec. 25-31

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