SHIBONE INU, known as the new rival of Shiba Inu, has achieved a remarkable rise today. Moreover, meme coin did this at a time when most cryptocurrencies were experiencing a sudden price drop. SHIBONE is trading at $0.0000000006824, up 65.25% in the last 24 hours after rising 373.31% last week.
SHIBONE’s price increase today is slightly different from the price increase it has experienced recently. This time, trading volume also increased by 3031 percent after traders took action after the uptrend. Transaction volume refers to the total volume of coins exchanged between buyers and sellers. Rising trading volume indicates increased awareness and organic support pushing the price upwards.
SHIBONE is known as a big meme coin whose growth depends on the success of the Shiba Inu ecosystem. This link with the Shiba Inu is generally a positive proposition for investors who believe that the Shiba Inu ecosystem is one of the most vibrant ecosystems in today’s Web3.0 world. With the increasing influence of SHIBONE and its recent rise, meme coin It can be said that the lover can enter the watch list.
On the other hand, a meme coin like SHIBONE needs to work hard to achieve the necessary stability and gain more support from investors. While their rally looks appealing, meme coin has not recorded any landmark protocol changes to date. However, he has been well focused on marketing campaigns through his partner Anant Parker, and while this appears to be yielding results for now without convincing technical growth, current interest may not be long-term.
You can follow the current price action here.