{"id":329598,"date":"2023-07-23T08:00:01","date_gmt":"2023-07-23T02:30:01","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=329598"},"modified":"2023-07-23T11:07:22","modified_gmt":"2023-07-23T05:37:22","slug":"a-look-shib-bone-and-leash-ahead-of-shibariums-launch","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/a-look-shib-bone-and-leash-ahead-of-shibariums-launch\/","title":{"rendered":"A look at SHIB, BONE, and LEASH ahead of Shibarium&#8217;s launch\u00a0"},"content":{"rendered":"<ul>\n<li><em><span style=\"font-weight: 400;\">Shibarium testnet\u2019s total transactions crossed the 31 million mark.\u00a0<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">BONE\u2019s price rose by over 4% in the last 24 hours, while SHIB\u2019s value increased marginally.\u00a0<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">As the much-awaited<\/span> <span style=\"font-weight: 400;\">Shiba Inu [SHIB]<\/span><span style=\"font-weight: 400;\"> Shibarium mainnet launch comes closer, its testnet has reached a new milestone in terms of transactions. Additionally, the hype around it helped turn<\/span>\u00a0<span style=\"font-weight: 400;\">Bone ShibaSwap\u2019s [BONE]<\/span><span style=\"font-weight: 400;\"> price action bullish.\u00a0<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Read<\/span> <a href=\"http:\/\/ambcrypto.com\/predictions\/shiba-inu-price-prediction\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Shiba Inu\u2019s [SHIB] Price Prediction<\/span><\/a><span style=\"font-weight: 400;\"> 2023-24<\/span><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">The ecosystem\u2019s third token,<\/span> <span style=\"font-weight: 400;\">Doge Killer [LEASH]<\/span><span style=\"font-weight: 400;\">, chose to follow the same path as its contemporaries as its price rose in the last 24 hours. SHIB also managed to increase its market capitalization as it jumped from the 19th to the 18th spot on the list of top cryptos.\u00a0<\/span><\/p>\n<h4><strong>Shibarium testnet reaches new highs<\/strong><\/h4>\n<p><span style=\"font-weight: 400;\">On 20 July, NOWNodes <\/span><span style=\"font-weight: 400;\">revealed that it was working on the final stage of<\/span> <a href=\"http:\/\/ambcrypto.com\/final-countdown-to-shibarium-mainnet-means-shib-can-expect-to\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Shibarium<\/span><\/a><span style=\"font-weight: 400;\">\u2019s mainnet launch. While the news about Shibarium&#8217;s mainnet launch caught fire, Layer 2\u2019s testnet reached a new milestone.<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/t.co\/t4e5ljpvCQ\">https:\/\/t.co\/t4e5ljpvCQ<\/a> x <a href=\"https:\/\/twitter.com\/ShibariumNet?ref_src=twsrc%5Etfw\">@ShibariumNet<\/a><br \/>\nFinal Updates before Mainnet launch ?\ufe0f<br \/>\nIt&#8217;s closer than you think ?<\/p>\n<p>? As we stated a couple of weeks ago, our team entered Stage 3 of our Shibarium Roadmap. For now we&#8217;ve been focusing on onboarding project to build on Shibarium and\u2026 <a href=\"https:\/\/t.co\/PMvDmSEJcO\">pic.twitter.com\/PMvDmSEJcO<\/a><\/p>\n<p>\u2014 NOWNodes \u26d3\ufe0f (@NOWNodes) <a href=\"https:\/\/twitter.com\/NOWNodes\/status\/1682043418061737986?ref_src=twsrc%5Etfw\">July 20, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<span style=\"font-weight: 400;\">As per Puppyscan, Shibarium&#8217;s testnet explorer, the network\u2019s total transactions exceeded 31 million. Additionally, its total wallets exceeded 17 million. At press time, it had an average block time of over eight seconds with a total of over 1.7 million blocks. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, its daily transaction count registered a decline over the last few weeks.<\/span><\/p>\n<figure id=\"attachment_329599\" aria-describedby=\"caption-attachment-329599\" style=\"width: 1595px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Puppyscan-1.jpg\"><img decoding=\"async\" class=\"wp-image-329599 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Puppyscan-1.jpg\" alt=\"\" width=\"1595\" height=\"206\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Puppyscan-1.jpg 1595w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Puppyscan-1-300x39.jpg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Puppyscan-1-1024x132.jpg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Puppyscan-1-768x99.jpg 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Puppyscan-1-1536x198.jpg 1536w\" sizes=\"(max-width: 1595px) 100vw, 1595px\" \/><\/a><figcaption id=\"caption-attachment-329599\" class=\"wp-caption-text\">Source: Puppyscan<\/figcaption><\/figure>\n<h4><strong>Shiba Inu ecosystem tokens are rising<\/strong><\/h4>\n<p><span style=\"font-weight: 400;\">Amidst this, the Shiba Inu ecosystem\u2019s much-hyped token, BONE, reacted positively to the updates. The token gained upward momentum as its price increased by more than 4% in the last 24 hours. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">At press time, it was<\/span>\u00a0<a href=\"https:\/\/coinmarketcap.com\/currencies\/bone-shibaswap\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">trading<\/span><\/a><span style=\"font-weight: 400;\"> at $1.32 with a market capitalization of over $303 million, making it the 104th largest token. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Thanks to the uptick, BONE\u2019s exchange outflow spiked quite a few times, suggesting increased accumulation. Its supply on exchanges declined, while its supply outside of exchanges increased. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">It was also interesting to note that BONE managed to maintain its network value over the last few months. As per<\/span> <a href=\"https:\/\/defillama.com\/protocol\/shibaswap\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">DeFiLlama<\/span><\/a><span style=\"font-weight: 400;\">, BONE\u2019s TVL has remained relatively constant for the past few weeks.\u00a0<\/span><\/p>\n<figure id=\"attachment_329600\" aria-describedby=\"caption-attachment-329600\" style=\"width: 3840px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Bone-ShibaSwap-BONE-15.54.22-22-Jul-2023.png\"><img decoding=\"async\" class=\"wp-image-329600 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Bone-ShibaSwap-BONE-15.54.22-22-Jul-2023.png\" alt=\"\" width=\"3840\" height=\"1300\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Bone-ShibaSwap-BONE-15.54.22-22-Jul-2023.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Bone-ShibaSwap-BONE-15.54.22-22-Jul-2023-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Bone-ShibaSwap-BONE-15.54.22-22-Jul-2023-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Bone-ShibaSwap-BONE-15.54.22-22-Jul-2023-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Bone-ShibaSwap-BONE-15.54.22-22-Jul-2023-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Bone-ShibaSwap-BONE-15.54.22-22-Jul-2023-2048x693.png 2048w\" sizes=\"(max-width: 3840px) 100vw, 3840px\" \/><\/a><figcaption id=\"caption-attachment-329600\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Like BONE, the Shiba Inu ecosystem\u2019s third token, LEASH, also registered a marginal increase in its value. According to CoinMarketCap, LEASH\u2019s value increased by just over 1% in the last 24 hours. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">At the time of writing, it was<\/span> <a href=\"https:\/\/coinmarketcap.com\/currencies\/doge-killer\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">trading<\/span><\/a><span style=\"font-weight: 400;\"> at $448.74 with a market capitalization of over $47 million. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Despite the marginal increase in price, the token\u2019s popularity was on the rise. The total number of LEASH holders increased substantially over the last week. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Additionally, like BONE, LEASH\u2019s supply outside of exchanges increased while its supply on exchanges declined, which looked optimistic for the token.\u00a0<\/span><\/p>\n<figure id=\"attachment_329601\" aria-describedby=\"caption-attachment-329601\" style=\"width: 3840px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Doge-Killer-LEASH-15.58.08-22-Jul-2023.png\"><img decoding=\"async\" class=\"wp-image-329601 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Doge-Killer-LEASH-15.58.08-22-Jul-2023.png\" alt=\"\" width=\"3840\" height=\"1300\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Doge-Killer-LEASH-15.58.08-22-Jul-2023.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Doge-Killer-LEASH-15.58.08-22-Jul-2023-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Doge-Killer-LEASH-15.58.08-22-Jul-2023-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Doge-Killer-LEASH-15.58.08-22-Jul-2023-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Doge-Killer-LEASH-15.58.08-22-Jul-2023-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Doge-Killer-LEASH-15.58.08-22-Jul-2023-2048x693.png 2048w\" sizes=\"(max-width: 3840px) 100vw, 3840px\" \/><\/a><figcaption id=\"caption-attachment-329601\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<h4><span style=\"font-weight: 400;\">A closer look at SHIB\u2019s state<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Though the Shiba Inu ecosystem\u2019s two tokens gained bullish momentum, the same was not true for <\/span><a href=\"http:\/\/ambcrypto.com\/shiba-inu-bulls-need-to-cross-this-hurdle-for-another-rally\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">SHIB<\/span><\/a><span style=\"font-weight: 400;\">. As per<\/span> <a href=\"https:\/\/coinmarketcap.com\/currencies\/shiba-inu\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">CoinMarketCap<\/span><\/a><span style=\"font-weight: 400;\">, the memecoin\u2019s price only went up by over 0.5% in the last 24 hours. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">At the time of writing, it was trading at $0.000007806 with a market capitalization of over $4.6 billion, making it the 18th largest crypto. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, <\/span><span style=\"font-weight: 400;\">Shibburn\u2019s data revealed that the memecoin\u2019s burn rate declined by more than 84% in the last 24 hours, which looked negative for the token.<\/span><\/p>\n<figure id=\"attachment_329602\" aria-describedby=\"caption-attachment-329602\" style=\"width: 398px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Shibburn.jpg\"><img decoding=\"async\" class=\"wp-image-329602 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Shibburn.jpg\" alt=\"\" width=\"398\" height=\"322\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Shibburn.jpg 398w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Shibburn-300x243.jpg 300w\" sizes=\"(max-width: 398px) 100vw, 398px\" \/><\/a><figcaption id=\"caption-attachment-329602\" class=\"wp-caption-text\">Source: SHIBBURN<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Though the price action and burn rate looked discouraging, a few other metrics looked optimistic. For instance,<\/span> <a href=\"http:\/\/ambcrypto.com\/heres-why-shiba-inus-surging-burn-rate-has-sparked-concern\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">SHIB<\/span><\/a><span style=\"font-weight: 400;\">\u2019s social dominance spiked several times last month, proving its popularity in the crypto space. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Its weighted sentiment has also improved over the last few weeks, suggesting that positive sentiment around the token has dominated the market.\u00a0<\/span><\/p>\n<figure id=\"attachment_329603\" aria-describedby=\"caption-attachment-329603\" style=\"width: 3840px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/SHIBA-INU-SHIB-16.25.57-22-Jul-2023.png\"><img decoding=\"async\" class=\"wp-image-329603 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/SHIBA-INU-SHIB-16.25.57-22-Jul-2023.png\" alt=\"\" width=\"3840\" height=\"1300\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/SHIBA-INU-SHIB-16.25.57-22-Jul-2023.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/SHIBA-INU-SHIB-16.25.57-22-Jul-2023-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/SHIBA-INU-SHIB-16.25.57-22-Jul-2023-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/SHIBA-INU-SHIB-16.25.57-22-Jul-2023-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/SHIBA-INU-SHIB-16.25.57-22-Jul-2023-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/SHIBA-INU-SHIB-16.25.57-22-Jul-2023-2048x693.png 2048w\" sizes=\"(max-width: 3840px) 100vw, 3840px\" \/><\/a><figcaption id=\"caption-attachment-329603\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<h4><strong>Shiba Inu investors can expect this<\/strong><\/h4>\n<p><span style=\"font-weight: 400;\">Unlike BONE, SHIB investors might have to wait longer to enjoy profits as most of the market indicators continued to support the sellers. For example,<\/span> <a href=\"http:\/\/ambcrypto.com\/shiba-inu-hits-familiar-hurdle-risks-a-correction\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">SHIB<\/span><\/a><span style=\"font-weight: 400;\">\u2019s Chaikin Money Flow (CMF) moved under the neutral mark.<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Is your portfolio green? Check out the<\/span> <a href=\"http:\/\/ambcrypto.com\/calculator\/shiba-inu-profit-calculator\"><span style=\"font-weight: 400;\">Shiba Inu Profit Calculator<\/span><\/a><span style=\"font-weight: 400;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/span><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">The memecoin\u2019s Relative Strength Index (RSI) and Money Flow Index (MFI) also registered slight downticks. This development further increased the chances of a price downtrend in the days to follow. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, the distance between the 20-day Exponential Moving Average (EMA) and the 55-day EMA had reduced, giving hope for a bullish crossover.<\/span><\/p>\n<figure id=\"attachment_329605\" aria-describedby=\"caption-attachment-329605\" style=\"width: 1815px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/SHIBUSDT_2023-07-22_16-47-49.png\"><img decoding=\"async\" class=\"wp-image-329605 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/SHIBUSDT_2023-07-22_16-47-49.png\" alt=\"\" width=\"1815\" height=\"778\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/SHIBUSDT_2023-07-22_16-47-49.png 1815w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/SHIBUSDT_2023-07-22_16-47-49-300x129.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/SHIBUSDT_2023-07-22_16-47-49-1024x439.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/SHIBUSDT_2023-07-22_16-47-49-768x329.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/SHIBUSDT_2023-07-22_16-47-49-1536x658.png 1536w\" sizes=\"(max-width: 1815px) 100vw, 1815px\" \/><\/a><figcaption id=\"caption-attachment-329605\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Ahead of Shibarium&#8217;s mainnet launch, two of its native tokens, BONE and LEASH, gained upward momentum. SHIB\u2019s price action, however, continued to be bearish.\u00a0<\/p>\n","protected":false},"author":75,"featured_media":329606,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,4,20],"tags":[3372],"class_list":["post-329598","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-social","category-trading-view","tag-leash"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>A look at SHIB, BONE, and LEASH ahead of Shibarium&#039;s launch\u00a0 - AMBCrypto<\/title>\n<meta name=\"description\" content=\"As Shiba Inu\u2019s [SHIB] Shibarium mainnet launch comes closer, its testnet has reached a new milestone in terms of transactions.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/a-look-shib-bone-and-leash-ahead-of-shibariums-launch\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A look at SHIB, BONE, and LEASH ahead of Shibarium&#039;s launch\u00a0 - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"Ahead of Shibarium&#039;s mainnet launch, two of its native tokens, BONE and LEASH, gained upward momentum. 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