If you’ve been closely following the Shiba Inu market, you’d have noticed that the meme coin also has Ethereum fans.
After the Shiba Inu community expedited the launch of ShibaSwap as a way of increasing Shiba Inu’s influence over Dogecoin, BONE became another household name within the DeFi space.
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Alongside BONE and LEASH, Shiba Inu has actively shown trademarks of potential success in the crypto market. At one point, SHIB almost caught up with Dogecoin, but couldn’t keep up. Recent reports on the Shiba Inu ecosystem show that BONE is one of the most used smart contracts in DeFi, alongside Balancer (BAL), Aave (AAVE), Rarible (RARI), and so forth.
Analysis shows that BONE, alongside some select cryptocurrencies including Ethereum and Big Eyes Coin, could be en route to a new high, after almost ranging longer than many analysts speculated.
Can BONE keep up with the market hype?
BONE is the governance token of the ShibaSwap protocol. It can also be traded as a single unit or in pairs on a DEX or whitelist centralized exchange (CEX). BONE has a circulating supply of nearly 230 million tokens and has had an all-time high of nearly $16 per unit, which it attained in July 2021.
Although BONE dipped considerably, nearly losing all its value to the 2022 crypto market crash, it is gradually soaring to greater heights and could reclaim notable milestones before 2022 wraps up.
The recent reports from WhaleStats put BONE up at the top of the list of most appreciated smart contracts in DeFi. BONE has a huge list of whales currently holding it, and this has helped it to withstand high market selling pressure.
Ethereum’s recent drop could be a perfect take-off point to a new high
Ethereum (ETH), the number one DeFi coin in all criteria, has failed to meet investors’ expectations in the fourth quarter of 2022 despite the latest innovation on its network. Nevertheless, Ethereum still maintains a higher low position from its last bottom in May/June 2022. Could Ethereum catapult to a higher high in the next bull run? Well, there is a high possibility it could.
Ethereum, like many other top altcoins, lost nearly 70% of its all-time value in 2022. Despite this challenge, its blockchain has recorded significant improvements and innovations in the last months. This positions Ethereum as the next big cryptocurrency to hit insane numbers in the next bull run.
Big Eyes Coin, to challenge top meme coins to the top
Big Eyes Coin is a new meme cryptocurrency you cannot overlook. Its ambition is simple, to disrupt the meme ecosystem and power tangible use cases and utilities.
Big Eyes Coin has raised $9 million in private seed sales to its community and is set to spike with high buying pressure upon IDO. Current holders of the BIG token are patiently waiting for the coin to take off to dollar-cost-average more tokens to their portfolio.
You could get started with as little as 1 USDT.
Use the code BEYES007 to get bonus tokens when you buy Big Eyes Coin.
Learn more on Big Eyes Coin
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
“Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.”
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