Leading cryptocurrency exchange Gate.io today with USDT pairing Bonnet announced the token listing. The Bone will be listed on Gate.io on February 24, 2023 and open for trading at 4:00 PM. The exchange has more than 10 million registered users. This is another step forward for token adoption. The token climbed as high as $2.05 after the listing announcement.
🎉 https://t.co/8kWqgEeplL New Listing: $BONUS @Shibtoken
NEWS CONTINUES BELOW🍖 Trading Pairs: $BONUS / $USDT
🍖 Trading Starts: 04:00 AM, Feb 24 (UTC)👉 Trade: https://t.co/EZuHoyt6Se
NEWS CONTINUES BELOWDetails: https://t.co/gwCjlxKH9z #Gateio #newlisting #BONNET pic.twitter.com/h7rI8J3xxY
— Gate.io (@gate_io) February 24, 2023
NEWS CONTINUES BELOW
Shiba Inu’s Bone Icon: How High Can It Go?
The Bone has been doubling its price steadily since August 2022, when it went from $0.48 to $1.09 in 30 days. The token later faced fixes. But Shibarium gained momentum and soared because of the launch rumors. In 2023, it went from $1 to $2.05 in a month and is drawing heavy bullish sentiments in the indices.
Onchain and analytics firm CoinCodex have updated their price forecasts for Bone. He predicted that the token could reach a value close to $3 by March 2023.
According to CoinCodex, it is possible for Bone to hit a year high at $2.71 in the last week of March. This represents an increase of about 38% from its current price of $1.96.
New roster from Gate.io and upcoming shibarium The beta launch is what drives its price up. More importantly, Bone has a total supply of 250,000,000 tokens, which is likely to make Shibarium scarce once it’s fully launched. Bone is the management token in the layer-2 network and will be used as a gas fee to initiate transactions.
🍖 Woof! @gate_io to commence Bone ShibaSwap (BONE) trading at 04:00 AM UTC on February 24th, 2023
Read more at: https://t.co/CY79gRjano pic.twitter.com/u7zWGZtVFd
— Shib (@Shibtoken) February 23, 2023
In addition, the tier 2 network allows users to stake Bone tokens as validators and earn passive income. As a result, the token has multiple uses that could sustainably increase its price in indices.
At the time of writing, Shiba Inu’s ecosystem token Bone is trading at $1.96. However, it was up 5% in 24-hour daily transactions. The Bone is down 87.37% from its all-time high of $15.50, which it reached in July 2021.