Shiba Inu's BONE Surge: Brace for Soaring Prices with Binance Listing Boost?

The Shiba Inu community is rallying behind Bone Shibaswap’s potential as engagement with Binance Futures NEXT gains traction. With nearly 28,200 picks garnered on Binance’s platform, excitement for the Shiba Inu (SHIB) team’s Bone token is palpable. The community's fervent support and optimism for the project's future are evident as they eagerly anticipate potential listings.

Contrasting Trajectories: SHIB's Meteoric Rise vs. BONE's Struggles - Understanding Performance Discrepancies

Trading at $0.00003012, SHIB demonstrates remarkable growth, with a 137% increase in the 14-day chart and a staggering 241% surge over the past month. This bullish momentum has propelled SHIB’s price by 195.3% since March 2023. However, Bone ShibaSwap (BONE) tells a different story. Despite modest gains, BONE's price remains down by nearly 30% since March 2023, currently hovering at $0.9038. This discrepancy prompts questions about the variance in performance between SHIB and its associated tokens.

CoinCodex Forecasts Bullish Trajectory for BONE: Potential Surges Projected

CoinCodex forecasts offer optimism for BONE's trajectory, with potential upsurges in prices projected. Estimates suggest BONE may reach $2.79 by April 5, 2024, marking an increase of around 170.87% from current levels. Additionally, a projection for BONE to reach $3.47 on April 11, 2024, signifies a notable surge of about 236.89% compared to the current price.

SHIB/USD1-Day price chart

Technical Analysis: SHIB Indicates Potential Overbought Conditions, BONE Shows Neutral Stance

Analyzing technical indicators, SHIB's 1-Day RSI stands at 65.30, indicating a potential approach towards overbought conditions. Meanwhile, the 1-day MACD trading below the signal line hints at a possible reversal or correction in SHIB’s price. Conversely, BONE’s 1-day RSI sits at 50.99, reflecting a neutral stance. Although the 1-day KST suggests a positive short-term trend, the 1-day MACD trading below the signal line presents a bearish signal for BONE.

BONE/USD1-Day price chart