Shiba Inu Marketing Lead Highlights the Potential of Bone ShibaSwap (BONE) and Why It Should Constitute a Valuable Part of Investors' Portfolios

According to Lucie, BONE plays a central role within the Shiba Inu ecosystem, potentially bolstering its demand and value.

Shiba Inu's marketing lead has highlighted the potential of Bone ShibaSwap (BONE) and why it should be a valuable part of investors’ portfolios. According to Shiba Inu's marketing lead, Lucie, BONE is the official gas fee token for the Shiba Inu layer-2 blockchain Shibarium. This means that Shibarium users will need to use BONE to pay for transactions on the L2 network. Lucie also revealed that BONE will become one of the governance tokens in Shiba Inu's decentralized autonomous organization (DAO) when it launches. As a governance token, users can use BONE to vote on critical decisions that will shape the future of the ecosystem. Another point highlighted by Lucie is BONE's capped supply, which could contribute to its demand and value. Notably, BONE's supply is limited to 250 million, with 229.92 million tokens in circulation. According to Lucie, BONE's scarcity could increase its value as demand rises. Furthermore, the marketing lead stated that BONE will play a role in defining Shiba State's parameters, including those related to digital rights, technology, and data privacy. Finally, Lucie suggested that BONE has potential for growth as the ecosystem expands with new partnerships and projects. With these growing partnerships and projects, Lucie claimed that the demand for BONE will increase drastically, which could boost its price. However, she clarified that her commentary on BONE is not financial advice and that investors should proceed with caution. At the time of writing, BONE is trading at $0.3645, down 13.41% in 24 hours. BONE is also down 28.21% in the past seven days following an extended downturn in the crypto market. Meanwhile, the token's 24-hour volume has increased by 110.57%, reaching $10.88 million. With a market cap of $83.47 million, BONE is currently ranked as the 328th largest crypto in the market.

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