Why Shiba Inu Thumped the Crypto Market This Weekend
Since 4 p.m. ET on Friday, everyone's favorite meme token, Shiba Inu (CRYPTO: SHIB), has surged 16.5%, as of 11 a.m. ET. Yet another significant weekend move follows a rather incredible January, in which this cryptocurrency rocketed more than 40% higher.
Today's move appears to be tied to news that BONE, a token intended to be used on ShibaSwap and can be used to pay gas fees on Shiba Inu's Layer-2 network Shibarium, has been listed on crypto exchange Bitget. This token will enable investors to vote on governance proposals and pay for fees.
While the community awaits a decision from Binance on whether BONE will be listed, this is certainly a step in the right direction for the Shiba Inu team in terms of generating interest around the network's upcoming upgrades.
Source Fool.com
