Shiba Inu ecosystem tokens BONE and Doge Killer LEASH – yes, that’s the full name – continue to see double-digit percentage price increases. Both tokens have risen by more than 13% and 10% respectively since the opening of today’s trading day. Most interestingly, at the same time, the main token of the ecosystem, SHIB, has been trading in an extremely tight range of $0.000012 to $0.000014 over the past four weeks.
The reasons behind BONE’s 125% year-to-date growth were covered in detail by Cryptooshala earlier. At the moment, despite the positive attitude of BONE, looking at its price chart, it seems that the upside potential has been somewhat exhausted. The token is currently trading near its local high of $2, and until it is broken, it is too early to speculate on anything else.
Price Doge Killer (LEASH)
LEASH, on the other hand, has always been in the shadow of SHIB and BONE until its price rose by more than 50% in the last week.
LEASH doesn’t have the same utility in a shibarium. The reason for his recent explosive price move is most likely the undervaluation of LEASH compared to BONE and SHIB. For example, the token’s market capitalization is currently $75.5M, according to CoinMarketCap, compared to $430M for BONE and $7.43B for Shiba Inu.
Looking at the LEASH chart, if the positive momentum continues and the token breaks the important $700 resistance level, the next target could be $1,000.
Credit : u.today
