Investors are now counting down to the mainnet launch of Shibarium. The second-largest meme coin is about to make a move. The launch has been long-awaited, and due to the delay, the team has started sharing promising encrypted messages as investors grow impatient. Is there a way to turn this launch into a profit opportunity?
As the Shibarium mainnet launch approaches, which is highly anticipated, the test network has surpassed an important milestone in terms of operations. Additionally, the excitement surrounding this has also led to an increase in the price of Bone ShibaSwap. The ecosystem’s third token, Doge Killer (LEASH), has experienced a slight increase in the past 24 hours.
SHIB has also managed to increase its market value by rising from the 19th to the 18th position in the list of top cryptocurrencies. On July 20th, NOWNodes announced that they were working on the final stage of Shibarium’s mainnet launch. As news about Shibarium’s mainnet launch heats up, the Layer 2 test network has surpassed 31 million transactions, marking a new milestone. Additionally, the total number of wallets has exceeded 17 million.
BONE has responded positively to the updates. The token has gained upward momentum with an increase of over 4% in the past 24 hours. It is trading at $1.32 with a market cap of over 303 million dollars, ranking as the 104th largest cryptocurrency. Thanks to the increase, BONE’s exchange listing has risen several times, indicating an increase in accumulation. While the supply on exchanges has decreased, the supply outside of exchanges has increased.
LEASH, on the other hand, is currently trading at $448 with a market cap of 47 million dollars. Like BONE, the supply on exchanges has decreased while the supply outside of exchanges has increased, which seems optimistic for the token. At the same time, on-chain data indicates a significant increase in the number of holders.
Things are not going great for Shiba Coin, but BONE and LEASH seem to be gaining more profits during this process. Depending on whether the interest in the network continues after the mainnet launch, SHIB could experience parabolic rallies. Experts believe that if the interest in the network continues, Shiba Coin worth millions of dollars could permanently be removed from circulation each month.