Breaches $1 From $0.50 in 30 Days

Shiba Inu’s ecosystem is gaining momentum lately as both Bone and Leash are on an upward trajectory. Bone, which was trading at less than 50 Cents last month saw a phenomenal rally, as it breached the $1 mark today. In just 30 trading days, Bone doubled in price despite the overall crypto markets experiencing a pullback. This month alone, Bone was up nearly 56% and delivered handsome returns to investors who took an entry position in June.

Bone is still attracting heavy buying pressure as investors are jumping on the bandwagon to make the most of its price rise. It reached the day’s high of $1.09 and a low of $1.01 and might go further up in the coming hours.

Also Read: An $8,000 Shiba Inu Investment Amassed $5.7 Billion in 400 Days

Why Did Bone Double In Price?

Bone gained limelight after Gate.io tweeted about listing the token if it received the highest number of votes. The Shiba Inu’s ecosystem token was pitted against many other tokens to clinch the listing.

The Gate.io’s tweet about ‘voting’ was shared by the lead developer of ShibaSwap, Shytoshi Kusama on Twitter. Shytoshi urged the SHIB community to rally behind Bone and make it win the listing. The tweet was shared widely on social media giving users a fair idea that Gate.io could list Bone eventually.