"SHIB Ecosystem: BONE Token Sees Surge in Volume Amid Mixed Sentiments"

In the ever-evolving world of cryptocurrencies, the Bone ShibaSwap (BONE) token has recently garnered significant attention. Amid a notable surge in trading volume and mixed market sentiments, here’s a closer look at the latest developments surrounding this key component of the SHIB ecosystem.

BONE Volume Soars 50%, Long-Term Holders Stay Strong

BONE volume exploded over 50% in 24 hours, reaching $8.49 million according to CoinMarketCap. This significant increase in trading volume signifies renewed market focus on Bone ShibaSwap (BONE). Despite the surge, 87% of holders remain committed long-term. While spot markets ignite, cautious derivatives data reveals a split sentiment surrounding Shibarium’s vital gas token, BONE. The uptick in spot market activity often points towards increased buying pressure, potential strategic accumulation, or simply more participants actively trading the token. Given BONE’s essential function as the gas fee token for the Shibarium Layer-2 network, increased activity on Shibarium itself could be a driving factor behind this heightened interest.

Shiba Inu HODLers Hold Tight to 80%+ of Supply Amid Volatility

On-chain data reveals that Shiba Inu long-term holders, or ’HODLers’, remain committed to their investments, controlling a significant majority of the supply despite market fluctuations. According to a recent post by market intelligence platform IntoTheBlock, these HODLers are investors who have held their coins for over a year. The analytics firm categorizes other investors as ’traders’ and ’cruisers’, based on their holding periods. The data underscores the strong conviction among Shiba Inu HODLers.

Shiba Inu (SHIB) Price Prediction for April 4

As of now, Shiba Inu (SHIB) is trading at $0.00001245, up 1.72% in the last 24 hours but down 4.80% in the past 30 days. SHIB is consolidating after a short-term uptick with support at $0.00001200 and resistance near $0.00001350 to $0.00001400. Breaking this resistance could lead to renewed buying momentum.

Shiba Inu Price Forecast Predicts 14x Surge Amid Mixed Signals

An analyst using the handle @CryptooELITES on a social platform has predicted a potential 14-fold surge in the price of Shiba Inu (SHIB) based on technical charts. The analyst pointed to specific patterns interpreted as a “strong buy zone” and projected a price target implying a roughly 14-fold increase from recent levels. However, this bullish call confronts a complex market picture, featuring slight increases in the Shiba Inu price alongside recent indicators unfavorable to SHIB longs.