Shiba Inu (SHIB) and Bone ShibaSwap (BONE) have defied the downtrend in the cryptocurrency market with impressive gains this week. While the overall crypto market experienced a slight decline, SHIB and BONE have shown resilience.

As of the current time, SHIB is trading at $0.000008, demonstrating a notable 6% increase in the last 24 hours and the same percentage gain over the past seven days. In comparison, the total crypto market cap contracted from approximately $1.25 trillion to $1.23 trillion during this period, representing a decline of around 1.68%.
BONE, ranked 111th among cryptocurrencies by market cap, is currently valued at $1.41. It has surged by 8.78% within the last 24 hours and over 9% in the past seven days.
The recent price surges can be attributed to significant advancements surrounding Shibarium, which is Shiba Inu highly anticipated layer-2 scaling solution. Additionally, the beta release of the cross-chain bridge for public testing has contributed to the positive momentum.
The bridge is a groundbreaking innovation that leverages both Plasma and proof-of-stake (PoS) technologies, allowing smooth token transfers between Shibarium and Ethereum (ETH). Furthermore, it serves as a robust scaling solution in itself.
However, the Shiba Inu team has advised caution to crypto traders, urging them not to use actual digital assets on the bridge during this stage. Instead, they recommend utilizing test tokens from faucets, platforms that distribute small amounts of tokens for users to perform simple tasks on blockchains.
Despite the challenges in the broader market, the progress of Shibarium and the introduction of the cross-chain bridge have instilled optimism in the Shiba Inu and Bone ShibaSwap communities, leading to their recent positive price movements. As the platform continues to evolve, investors and enthusiasts eagerly await further updates and real-world implementations of these technological advancements.
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