Whats Bones Price Prediction After the ShibaSwap Launch?
The global cryptocurrency market cap has dropped more than 7 percent over the past 24 hours. But in that same period, the Bone token has gained more than 20 percent. Bone is associated with Dogecoin-like meme coin Shiba Inu , a "Dogecoin-killer." The community behind Shiba Inu recently launched ShibaSwap, an exchange for their crypto. Bone is the ShibaSwap exchanges official token. Its primarily a governance token, in that people holding it can decide on ShibaSwap upgrades and what cryptocurrencies the exchange should support. Investors can obtain Bone in several ways, one being if they stake their Shiba or Leash tokens. Leash is a sister cryptocurrency to Shiba. Bones maximum supply is fixed at 250 million tokens . It joins Bitcoin and Yearn Finance among cryptocurrencies with a capped supply. Many investors like coins with limited supply because they can protect against inflation. Look no further than your favorite dog coin, $SHIB . Shiba Inu coin is currently the number #1, #3, and #4 biggest $ETH gas guzzlers on Ethereum Thread... Assuming long-term monthly growth of 10 percent, Bone could reach $60 in five years (a 30,000 percent upside). To put that into perspective, an investment of $1,000 in the token at the current price could yield a $300,000 profit by 2025. Although its rising as the crypto sector is falling, Bone is still far below its all-time high. If the crypto can maintain a monthly growth rate of 20 percent from now on, it could finish 2021 at about $0.50160 percent higher than its current price. Some investors have made a good profit with Bone. In Jun. 2021, the ShibaSwap token fell to what still stands as its all-time low at $0.0028. That caused many investors to flee, but some accumulated on the dip. Those brave investors have seen their money grow by more than 6,000 percent. There's no guarantee that Bone will continue to deliver blockbuster returns in the future, but it may be worth a look right now. At 95 percent below its all-time high of $4.70 reached in Febr. 2021, it may appeal to investors wanting to buy the dip. Article continues below advertisement  It's also worth noting that many exchange tokens have done well. For example, Binances BNB coin boasts a lifetime return of nearly 30,000 percent.