{"id":338269,"date":"2023-08-25T14:00:29","date_gmt":"2023-08-25T08:30:29","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=338269"},"modified":"2023-08-25T12:38:49","modified_gmt":"2023-08-25T07:08:49","slug":"bones-reaction-to-shiba-inus-latest-update-is-intriguing","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/bones-reaction-to-shiba-inus-latest-update-is-intriguing\/","title":{"rendered":"BONE\u2019s reaction to Shiba Inu\u2019s latest update is intriguing"},"content":{"rendered":"<ul>\n<li><em><span style=\"font-weight: 400;\">Shibarium Block Explorer was down due to massive traffic.\u00a0<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">BONE was up by 11%, and metrics were bullish.\u00a0<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">After its launch on 16 August,<\/span> <span style=\"font-weight: 400;\">Shiba Inu\u2019s [SHIB]<\/span><span style=\"font-weight: 400;\"> Shibarium witnessed a massive surge in transactions. Because of this, developers had to deal with scalability issues to support the traffic. Recently, the layer-2 again went live on the mainnet.\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;\">Soon after the relaunch, Shibarium gained much traction, which was evident from its latest statistics. However, SHIB was still reluctant to move its price up, but<\/span>\u00a0<span style=\"font-weight: 400;\">Bone Shiba Swap [BONE]<\/span><span style=\"font-weight: 400;\"> registered double-digit gains.\u00a0<\/span><\/p>\n<h4><strong>The FUD around Shibarium<\/strong><\/h4>\n<p><span style=\"font-weight: 400;\">There have been multiple rumors on social media related to Shiba Inu\u2019s Shibarium. Most of the misconceptions were about <\/span><a href=\"http:\/\/ambcrypto.com\/shiba-inu-why-shibariums-launch-failed-to-turn-things-around\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Shibarium<\/span><\/a><span style=\"font-weight: 400;\"> being down. In reality, it&#8217;s the Shibarium block explorer that went down, not the network itself. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This is because Shibarium uses an open-source version of Blockscout and doesn&#8217;t use massive servers for it.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">I want to make sure people understand that if <a href=\"https:\/\/t.co\/K6OGCE01iv\">https:\/\/t.co\/K6OGCE01iv<\/a> is down just the block explorer is down not the network, this is because we use an opensource version of Blockscout and don\u2019t use big servers for it and they are working on getting hosted version up soon.\u2026<\/p>\n<p>&mdash; Kaal (@kaaldhairya) <a href=\"https:\/\/twitter.com\/kaaldhairya\/status\/1694765926372065738?ref_src=twsrc%5Etfw\">August 24, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">At press time, the network had an average block time of five seconds, with total transactions crossing 109k. The network\u2019s wallet addresses also crossed the 47k mark, which was promising.\u00a0<\/span><\/p>\n<figure id=\"attachment_338271\" aria-describedby=\"caption-attachment-338271\" style=\"width: 1571px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/08\/Shibariumscan.io-.jpg\"><img decoding=\"async\" class=\"wp-image-338271 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/08\/Shibariumscan.io-.jpg\" alt=\"\" width=\"1571\" height=\"282\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/08\/Shibariumscan.io-.jpg 1571w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/08\/Shibariumscan.io--300x54.jpg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/08\/Shibariumscan.io--1024x184.jpg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/08\/Shibariumscan.io--768x138.jpg 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/08\/Shibariumscan.io--1536x276.jpg 1536w\" sizes=\"(max-width: 1571px) 100vw, 1571px\" \/><\/a><figcaption id=\"caption-attachment-338271\" class=\"wp-caption-text\">Source: Shibariumscan.io<\/figcaption><\/figure>\n<h4><strong>Shiba Inu\u2019s BONE is in the spotlight<\/strong><\/h4>\n<p><span style=\"font-weight: 400;\">The episode of the explorer going live helped the network\u2019s social performance. This was evident from LunarCrush\u2019s <\/span><a href=\"https:\/\/lunarcrush.com\/coins\/shib\/shiba-inu?interval=1d&amp;metric=close%2Csocial_volume%2Cbullish_sentiment\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">data<\/span><\/a>, <span style=\"font-weight: 400;\">which revealed that Shiba Inu\u2019s social mentions shot up by more than 140% in the last 24 hours. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">BONE, which has much utility in Shibarium, also reaped the benefits. According to<\/span> <a href=\"https:\/\/coinmarketcap.com\/currencies\/bone-shibaswap\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">CoinMarketCap<\/span><\/a><span style=\"font-weight: 400;\">, BONE\u2019s price surged by over 11% in the last 24 hours. At the time of writing, it was trading at $1.39 with a market capitalization of $318 million. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The good news was that the rally was supported by an uptick in its trading volume. Positive sentiment around the token also went up during that period, reflecting investors&#8217; confidence. Moreover, the rally might have continued as buying pressure on BONE was high. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">BONE\u2019s supply on exchanges dropped sharply, while its supply outside of exchanges increased at the time of writing, proving the fact that it was under buying pressure.\u00a0<\/span><\/p>\n<figure id=\"attachment_338274\" aria-describedby=\"caption-attachment-338274\" style=\"width: 3840px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/08\/Bone-ShibaSwap-BONE-11.31.46-25-Aug-2023.png\"><img decoding=\"async\" class=\"wp-image-338274 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/08\/Bone-ShibaSwap-BONE-11.31.46-25-Aug-2023.png\" alt=\"\" width=\"3840\" height=\"1300\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/08\/Bone-ShibaSwap-BONE-11.31.46-25-Aug-2023.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/08\/Bone-ShibaSwap-BONE-11.31.46-25-Aug-2023-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/08\/Bone-ShibaSwap-BONE-11.31.46-25-Aug-2023-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/08\/Bone-ShibaSwap-BONE-11.31.46-25-Aug-2023-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/08\/Bone-ShibaSwap-BONE-11.31.46-25-Aug-2023-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/08\/Bone-ShibaSwap-BONE-11.31.46-25-Aug-2023-2048x693.png 2048w\" sizes=\"(max-width: 3840px) 100vw, 3840px\" \/><\/a><figcaption id=\"caption-attachment-338274\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">How much are<\/span> <span style=\"font-weight: 400;\">1,10,100 BONEs worth today<\/span>?<span style=\"font-weight: 400;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/span><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">Shiba Inu ecosystem&#8217;s token BONE&#8217;s MACD displayed the possibility of a bullish crossover, which can help maintain the uptrend. However, a few of the market indicators turned bearish. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Notably, the Relative Strength Index (RSI) took a sideways path. Moreover,<\/span> <a href=\"http:\/\/ambcrypto.com\/will-bone-shibaswap-reach-2-again\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">BONE<\/span><\/a><span style=\"font-weight: 400;\">\u2019s Chaikin Money Flow (CMF) remained under the neutral mark of zero, which was a development in the sellers\u2019 favor.\u00a0<\/span><\/p>\n<figure id=\"attachment_338275\" aria-describedby=\"caption-attachment-338275\" style=\"width: 1815px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/08\/BONEUSDT_2023-08-25_11-34-28.png\"><img decoding=\"async\" class=\"wp-image-338275 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/08\/BONEUSDT_2023-08-25_11-34-28.png\" alt=\"\" width=\"1815\" height=\"769\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/08\/BONEUSDT_2023-08-25_11-34-28.png 1815w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/08\/BONEUSDT_2023-08-25_11-34-28-300x127.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/08\/BONEUSDT_2023-08-25_11-34-28-1024x434.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/08\/BONEUSDT_2023-08-25_11-34-28-768x325.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/08\/BONEUSDT_2023-08-25_11-34-28-1536x651.png 1536w\" sizes=\"(max-width: 1815px) 100vw, 1815px\" \/><\/a><figcaption id=\"caption-attachment-338275\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Shibarium Block Explorer sheds light on the network\u2019s performance and growth. SHIB\u2019s price remained bearish, but BONE registered massive gains.\u00a0<\/p>\n","protected":false},"author":75,"featured_media":338277,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[5824,66,3,4,20],"tags":[],"class_list":["post-338269","post","type-post","status-publish","format-standard","has-post-thumbnail","category-memecoins","category-new-news","category-news","category-social","category-trading-view"],"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>BONE\u2019s reaction to Shiba Inu\u2019s latest update is intriguing - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Shiba Inu\u2019s [SHIB] Shibarium witnessed a massive surge in transactions, because of which developers had to work on scalability issues\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/bones-reaction-to-shiba-inus-latest-update-is-intriguing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BONE\u2019s reaction to Shiba Inu\u2019s latest update is intriguing - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"Shibarium Block Explorer sheds light on the network\u2019s performance and growth. 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