Shiba Inu was launched simply as a meme coin that was fully managed by the community. However, over time, Shiba Inu has focused on increasing its usefulness. It launched ShibaSwap (native decentralized exchange), Shiboshis (an NFT collection) and Shibarium (a tier 2 blockchain), which means that Shiba Inu has diversified into various fields and has more utility than any other meme coin
on the market (such as Dogecoin).
ShibaSwap is a decentralized exchange that aims to provide a safe place for trading valuable crypto assets while remaining decentralized.
It includes three tokens: SHIB, LEASH and BONE and allows users of DIG, BURY and SWAP tokens to obtain rewards through its income reward system
.
Use cases for Bone Token
- Bone ShibaSwap is a governance token that aims to allow Shiba users to vote on proposals on Doggy DAO, the DAO of the ShibaSwap platform, and earn rewards to provide liquidity to the network. The platform offers additional tools such as portfolio trackers and has allocated 10% of its revenues to a developer fund.
- With the launch of Shibarium, the usefulness of BONE crypto has also increased to pay gas taxes and reward validators within the platform.
- BONE tokens can be staked by validators to verify and process transactions to earn rewards in exchange.
With the launch of Shibarium, Bone could be classified as a good investment case.
2023 bone price prediction: Can BONE reach $10?
To reach a price of $10, BONE ShibaSwap needs to grow by just 6.58 times considering its current market price of $1.52.
After its launch, the BONE token reached its all-time maximum price of $3.23 in November 2021, where it grew 4.14 times in just 2 months (from the lowest value of $0.78 in September 2021). Thus, Bone crypto grew 2.07 times in a month
.
Thus, the BONE token takes less than 4 months to reach $10, according to the calculation.
However, the current market situation of liquidity and inflation is not in favor of the cryptocurrency market. Therefore, it cannot even reach that value in the calculated time. Therefore, reaching $10 is not a difficult goal for the BONE token, but it will definitely need much longer once market conditions ease.
Bone price prediction: Can Bone reach $100?
The Bone token must grow 65.78 times to reach $100, considering its current market price of $1.52.
Because Bone ShibaSwap showed growth of 2.07 times in a month, it will need a minimum of 31 months (less than 3 years) to reach $100.
However, the market conditions of liquidity, inflation and the CPI index must also favor this growth. Currently, these factors aren’t much in favor of the cryptocurrency industry.
Therefore, the Bone token definitely needs more time to reach that value.
Bone Price forecast 2023, 2025 and 2030
- The bone price forecast for 2023 is 2.6
- The bone price forecast for 2025 is 5.1
- The bone price forecast for 2030 is 24.1
