Shiba Inu: Why the Huge Price Increase?

Due to a 25% price increase over the previous day, the Shiba Inu Coin is the top gainer among the top 100 cryptocurrencies.

The Shiba Inu Metaverse coins' recent price spikes, notably those for Shiba Inu (SHIB), Doge Killer (LEASH), and Bone ShibaSwap (BONE), have given the meme cryptocurrency community new hope. Meme tokens now have a combined worth of $21.3 billion, up 7% in the past day.

Are Shiba Inu Coin Prices on the Rise Due to BONE?

The data shows that the price of BONE grew by 23% over the previous day, making it one of the top gainers among the biggest meme cryptos. However, this gain was bolstered by its placement on a cryptocurrency exchange.

According to a tweet from the business, ShibaSwapDex will be listed on XTexchange alongside a number of other initiatives. It will be left behind by HOT COIN, the exchange located in their innovation zone. However, it will be categorised as part of the USDT pair.

It's important to keep in mind that BONE acts as ShibaSwap's governance token and gives users the option to vote on important proposals made for the system. Following the news, ShibaSwap's 24-hour trading volume rose by 204% to $30 million.

25% Price Increase for SHIB

The other tokens in the Shiba Inu ecosystem have been able to start an upward trend as a result of the BONE price rise. The figures show that over the last day, the price of Doge Killer (LEASH) has risen by a startling 19%. LEASH was selling for an average of $480 at the time of publication. While its 24-hour trading volume of $2.6 million grew by 278%.

Shiba Inu coin prices have significantly increased, which cannot be ignored. SHIB cost 25% more today than it did yesterday. Thanks to this price change, the Shiba Inu Coin is the top gainer among the top 100 cryptocurrencies for the day.

SHIB is currently trading at an average price of $0.00001427 as of the time of posting. However, its daily trading volume has grown by 152% to $1.39 billion.