Bone Price Prediction 2023-2030: Can Bone reach $100, $1000?

Latest Bone Price

Bone Price Chart

Before we analyze the predictions, let us look at the latest news and analyze if Bone is a Good Investment

Latest Bone Crypto News

• 0xShibarium Development Update: 0xShibarium has been developing a range of utilities for Shibarium, including a web dashboard with a revenue-sharing system, a contract deployer, a token liquidity locker, and more. Upcoming releases include a whitepaper explaining the ‘Revenue Share Model’ and a comprehensive GitBook detailing 0xS utility protocols. All generated revenue will be distributed to eligible token holders, supporting ongoing development and marketing efforts.
• Bone Shibaswap is now listed on GroveX.
• Shibarium Network Snapshot:
  • Validators: 12
  • Total Stake: 28,226,591 BONE
  • Shibarium Block Height: 572,823
  • Heimdall Block Height: 517,667

Bone Shibaswap – Buy or Sell?

New Buy Rating = Buy% – Sell%

• July 10th: +94.1%
• August 22nd: +86.3%
• September 4th:+87.7%
• September 11th: +86.5%

Bone Price Prediction: Technical Analysis

• The moving averages analysis shows a strong sell signal.
• The RSI is at 27.155, indicating a sell signal.
• The STOCHRSI is at 1.999, in the oversold range, indicating a sell signal.
• The MACD is at -0.127, indicating a sell signal.
• The ATR is 0.0739, indicating less volatility.

Overall, the technical analysis for Bone suggests a strong sell signal.

Bone Price Prediction: Is Bone a Good Investment?

Shiba Inu was launched merely as a meme coin which was completely run by the community. However, with time, Shiba Inu has focused on increasing its utility. It has launched ShibaSwap (native decentralized exchange), Shiboshis (an NFT collection), and Shibarium (a layer 2 blockchain), meaning that Shiba Inu has diversified itself in various fields and has more utility in comparison to any other meme coin in the market (such as Dogecoin).

ShibaSwap is a decentralized exchange that aims to provide a secure place for trading valuable crypto assets while remaining decentralized. It comprises three tokens: SHIB, LEASH, and BONE, and allows users to DIG, BURY, and SWAP tokens to gain rewards through its income reward system.

Key features of Bone Crypto

• Bone is a decentralized cryptocurrency built on the Ethereum blockchain.
• It is the governance token of the ShibaSwap decentralized exchange, which allows users to trade cryptocurrencies without intermediaries.
• Bone holders can participate in the decision-making process of the ShibaSwap platform by voting on proposals.
• It has a limited supply of 250 million tokens, which makes it a deflationary asset.
• Bone uses a Proof-of-Stake consensus algorithm, which allows users to stake their tokens and earn rewards for securing the network.
• The platform offers low transaction fees and fast transaction times compared to traditional financial systems.
• Bone can be stored in any Ethereum-compatible wallet, including hardware wallets like Ledger or Trezor.
• The ShibaSwap exchange and Bone token have gained popularity in the cryptocurrency community, leading to increased demand and a rise in price.

Use Cases for Bone Token

• Bone ShibaSwap is a governance token that aims to allow Shiba users to vote on proposals on Doggy DAO, the ShibaSwap platform’s DAO, and earn rewards for providing liquidity to the network. The platform offers additional tools such as portfolio trackers and has allocated 10 percent of its revenue to a developers’ fund.
• With the launch of Shibarium, BONE crypto’s utility has also increased to pay gas fees and reward validators within the platform.
• BONE tokens can be staked by validators to verify and process transactions to earn rewards in return.

Performance so Far

• Year to Date (2023): +2.3%
• Last 1 year: -48.0%
• Since Launch (2021): -97.8% (Source: Coinmarketcap)

With the launch of Shibarium, Bone could be classified as a moderate case for Investment.

Shiba Inu Price Prediction

Bone Shibaswap Price Predictions

Bone Shibawsap Price Prediction: Can Bone Hit $100?

The Bone token needs to grow by 70 times to reach $100. At $100, Bone’s market cap would be $21 Billion. If it were to grow at the rate of 25% every year, it would take Bone 20 years to reach $100.

There are just a handful of precedents of Cryptos rising to $21 Billion. Most of these were launched when there was little competition. Bone being part of the Shiba Inu group of Tokens is still a work in progress when it comes to Use cases. On top of this, Layer-2 blockchains have been struggling during the last few months with many questioning the need for Layer-2 blockchains.

Still, even an optimistic forecast is unlikely to predict a 70x growth to $21 Billion anytime soon. Primarily because of competitive forces. Bone could do $100 if there were 75% fewer coins. That would be more realistic.

Bone Shibaswap Price Prediction: Can BONE Reach $1,000?

The most optimistic forecast is unlikely to predict a 700x growth to $210 Billion anytime for $Bone soon. This is Primarily because of competitive forces. While Bone is the gas token for Shibarium, Shibarium itself will be in heavy competition versus numerous Layer-2 blockchains. Bone could do $1000 if there were 95% fewer coins. That is unlikely anytime soon.

Bone Price Prediction 2023: Can BONE Reach $10?

To reach a price of $10, BONE ShibaSwap needs to grow by just 7 times. That translates to a Market cap of $2.1 Billion. $Pepe recently achieved the goal and so can Bone. However, Bone will need extraordinary support from Whales and Shiba Community to hit the target soon.

Bone Price Prediction Today

Bone Price Prediction 2023-2030

• Bone Price Prediction 2023 is $1.53
• Bone Price Prediction 2024 is $2.78
• Bone Price Prediction 2025 is $4.45
• Bone Price Prediction 2026 is $6.43
• Bone Price Prediction 2027 is $8.03
• Bone Price Prediction 2028 is $11.6
• Bone Price Prediction 2029 is $16.5
• Bone Price Prediction 2030 is $24.0

Shiba Inu price prediction after Shibarium launch: Will Shiba Inu Price rise 60%?

How Can I Buy Bone Crypto?

Here are the general steps you can follow to buy BONE tokens:

1. Create an account on a cryptocurrency exchange that supports BONE (as listed above).
2. Complete the necessary verification steps, such as providing identification documents and setting up two-factor authentication (2FA).
3. Deposit funds into your exchange account using a supported payment method, such as a bank transfer or credit card.
4. Navigate to the BONE trading pair and place an order to buy BONE using your deposited funds.
5. Once your order is filled, you will have successfully purchased BONE tokens. You can then withdraw your tokens to a secure wallet that supports BONE.

Will Shiba Inu reach 1 cent by 2025?

Will Shiba Inu Coin reach $1000, $100?

~Charu Taneja

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.