The cryptocurrency market is reeling from securities lawsuits, with altcoins particularly hard-hit. While Bitcoin (BTC) has experienced a sharp drop and subsequent recovery, not all altcoins have been so fortunate. Especially impacted is Shiba Inu (SHIB), which has fallen from grace following a decline in the meme token craze, suffering losses of over 10% in the last 30 days. But what exactly do these Shiba Coin (SHIB) reviews indicate? How much is SHIB?
Shiba Coin (SHIB) Reviews
Over the last 30 days, SHIB Coin has seen an 11% decrease, a 6.8% drop in the last 14 days, and a 6.6% fall in the last 7 days. This suggests that a significant portion of SHIB’s losses occurred in the past week. With a year-long slump of 25%, SHIB has experienced double the value loss compared to its competitor, Dogecoin (DOGE).
However, a glance at SHIB reviews reveals a new development on the horizon. Bone ShibaSwap (BONE), the governance token of the Shiba Inu ecosystem, is in the spotlight with a new update. It appears that BONE will be listed on Swyftx, a cryptocurrency exchange based in New Zealand and Australia.
New News For BONE
The Swyftx cryptocurrency exchange recently published a poll about their next token listings. The poll featured Alchemy Pay (ACH) and Bone ShibaSwap (BONE) as competitors. The preliminary results indicate an overwhelming preference for BONE, which has so far secured 88.2% of the votes, a lead unlikely to be overtaken anytime soon.
Interestingly, BONE experienced a similar situation not long ago. Last month, Unocoin released a poll that pitted PEPE, FLOKI, BONE, and others against each other, with BONE ultimately taking the lead with a 74% majority.
Every token tied to the SHIB ecosystem could potentially positively impact SHIB’s price. Additionally, a new step has been taken in Shiba Inu payments. Binance Pay, in partnership with LATAM-based Credencial Payments, now offers a SHIB payment option, which could overall increase SHIB usage.
This chain of events could potentially create a ripple effect for the price of SHIB.
