#Shibarium has reopened after a brief downtime and has been relaunched. The layer 2 blockchain's release has increased the price of #BONE , marking new peaks for the token.
Shibarium Relaunch Sparks Bullish Trend For BONE Bone Shibaswap (BONE) has had a sharp price gain of around 17% in the previous day following Shibarium's formal relaunch on Thursday, August 24 and opening to the general public. In addition, there are now 90,151 BONE addresses, and SHIB burn rates are considerable.
According to #CoinMarketCap , the BONE token is now priced at $1.40 and has a 24-hour market volume of around $11 million. The bulk of BONE token owners have also benefited from the price change.
According to reports, 68% of BONE owners are in a very profitable situation and stand to make significant earnings. Conversely, 19% are now experiencing losses and are in the red. The remaining 13% of BONE owners have reached a period of stability and are not making any gains or losses.
The freshly built layer 2 blockchain, which ensures users receive all the advantages of the mainnet including additional possibilities for BONE staking, has also attained stability, according to him.
Shibarium is now improved and adjusted following two days of testing and adjusting settings to reach a "ready" condition. You will have plenty more opportunities to stake your BONE as additional validators become live, Kusama added.
Shibarium Relaunch And Changes Are Well Received By SHIB Community
Shibarium's launch has been anticipated by the SHIB army since the Ethereum layer 2 solution had a difficult beginning. After its first debut, the Shibarium mainnet ceased operations, and since then, it has been undergoing testing and reconfigurations to strengthen its network.
Developers claim that the network's shutdown was brought on by heavy traffic and a tremendous uptake, with over 10 million new wallets registering on the system.
Kusama had calmed the SHIB community, however, by saying that the mainnet was only undergoing a few adjustments and will be up and running shortly, stronger than it had been in its previous iteration.
Following Shibarium's brief downtime, Shiba Inu's pricing performance also somewhat slipped. Nonetheless, the cryptocurrency is currently on a comeback trend and is becoming one of the most popular meme currencies in the crypto industry.
The number of active addresses in the Shibarium mainnet has increased to over 50,000 as a result of the recent relaunch, and this number is anticipated to keep growing. The layer 2 network's lead developer, Kusama, has also promised to boost its capacity by 1,500%, enhancing its security, decentralisation, and solidity.
Shiba Inu has recently advanced in the #cryptocurrency industry by entering new geographies to promote more usage. Brazilian businesses may now purchase the meme coin using Binance Pay, a cryptocurrency payment system backed by the Binance exchange.