Shiba Inu (SHIB) and Bone ShibaSwap (BONE) Defy Crypto Market Odds with Shibarium Beta Bridge Launch
Despite a broader downward trend in the crypto market, Shiba Inu (SHIB) and its affiliated Bone ShibaSwap (BONE) have shown remarkable resilience this week.
SHIB has surged approximately 6% in the last 24 hours and the same percentage over the past seven days. Similarly, BONE, ranked 111th in market cap has seen a noteworthy 8.78% increase in the past 24 hours and over 9% growth in the past seven days. These gains coincide with the development of Shibarium. A highly anticipated layer-2 scaling solution by Shiba Inu. Additionally, the beta version of the cross-chain bridge, integrating Plasma and proof-of-stake (PoS) technology has been released for public testing this week.
The bridge will enable users to transfer tokens between Shibarium and the prominent smart contract platform Ethereum (ETH). While also serving as an effective scaling solution in its own right. As the community eagerly awaits further progress, the Shiba Inu team advises cautious testing of the bridge using tokens from faucets, rather than real digital assets, to ensure a smooth and secure process.
Clever Robot News Desk 31th July 2023
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