Bone ShibaSwap (BONE) price surged 11% in the past 7 days’ trading session. According to CoinMarketCap, BONE traded at $1.46 at press time with an intraday trading volume of $9,381,659.
In the past 24 hours, BONE’s trading volume reflected a steep decline of 28.33%; despite the declining trading volume, memecoin has reflected the majority of buyers in the past 5 trading sessions.
BONE’s highest trading price in the past 52 weeks trading session was $2.3900, and its lowest traded was $0.6003. In 30 days, the memecoin price added more than 63.88% to its trading price.
If the buyers continue dominating the upcoming sessions, then the price might face the immediate resistance of $1.7499. Starting from July 2023, BONE’s skyrocketing price has reflected steady bullish momentum.
From July 1 till press time, the price was consolidating between the range of $0.9332 to $1.4905.
In the memecoin category, Bone ShibaSwap is the third most traded token after Dogecoin and Shiba Inu. As per its 24-hour trading volume, BONE holds the 175th rank in the entire market and holds 97th position in the market in terms of trading volume.
CoinMarketCap data reveals that the total supply of BONE is 230,003,023, out of which the circulating supply is 229,923,351. As per available data, more than 1100 memecoins are registered in the crypto market.
Price Prediction of Bone ShibaSwap (BONE)
On September 14, 2021, Bone ShibaSwap (BONE) registered its all-time high of $41.67 and met its lowest trading price of $0.2899 on May 12, 2022. Over the past few months, BONE price has been trading just above the support level.
Market watchers claim that the price could fall sharply in the coming session as sellers are trying to increase their dominance, accumulate near the support level, and seem prepared to pull the price below $1.20.
Conversely, some technical experts claim that the bullish momentum might help BONE break the upcoming resistance, taking the coin up to the $2 level. Strong fundamentals and solid technical indicators support Bone ShibaSwap’s (BONE) rising momentum, which shows encouraging growth.
As the ShibArmy community’s governance token, BONE allows holders to cast votes, which encourages ownership. Additionally, $BONE is the efficient Shibarium Layer-2 Blockchain’s gas token, providing quick and easy transactions.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.
