Shiba Swap Bone Token Price in 2023: Worth Investing?

Shibaswap BONE Token – DEX Native Token

BONE is the governing token of the Shiba Inu ecosystem, and it has a total supply of 250,000,000 tokens. Its primary objective is to enable members of the Shib Army to participate in the decision-making process by voting on various proposals through the Doggy DAO. Additionally, BONE serves as the underlying asset of Shibarium, the ecosystem’s exclusive Layer 2 network.

Moreover, BONE plays a crucial role in facilitating liquidity, swapping, and staking within the SHIB ecosystem. By “burying” or staking their BONE tokens, users can earn tBONE tokens and receive a portion of 1% of all BONE per block as a reward for holding tBONE. Similarly, users who dig BONE tokens can earn a portion of BONE-ETH SSLP as a reward.

What is ShibaSwap Exchange

ShibaSwap is a decentralized exchange (DEX) that operates within the Shiba Inu ecosystem. It is a platform that enables users to swap tokens and engage in various DeFi activities like staking, liquidity provision, and farming. ShibaSwap aims to provide its users with a secure and efficient platform to trade cryptocurrencies without the need for intermediaries or central authorities.

The exchange is built on the Ethereum blockchain, and it supports various tokens like SHIB, BONE, LEASH, and others. ShibaSwap utilizes an automated market maker (AMM) model, which means that it relies on smart contracts to determine the prices of assets based on the available liquidity.

One of the unique features of ShibaSwap is its governance token, BONE. Holders of BONE tokens can participate in the decision-making process through the Doggy DAO by proposing and voting on various improvements to the ecosystem. Additionally, BONE plays a significant role in facilitating liquidity, swapping, and staking within the SHIB ecosystem.

Pros and Cons of Shibaswap

BONE Tokens serve several purposes within the Shiba Inu ecosystem. Holders of BONE can participate in governance by voting on critical decisions. Additionally, BONE Tokens can be staked or utilized for liquidity provision on ShibaSwap, which can lead to rewards. Moreover, with the widespread popularity of SHIB, BONE has the potential to be a profitable investment opportunity.

It is worth noting that the BONE Token is a meme-based cryptocurrency that does not have any practical application in the real world. Its value is highly volatile and subject to significant fluctuations, making it a risky investment. Furthermore, staking and providing liquidity on ShibaSwap may require some technical proficiency, posing a challenge for newcomers.

Comparison to Other Decentralized Exchanges

Feature UniSwap ShibaSwap DeFi Swap PancakeSwap
Launch date Nov 2018 Jul 2021 Aug 2020 Sep 2020
Main network Ethereum Ethereum Binance Smart Chain Binance Smart Chain
Native token UNI BONE DFS CAKE
Trading fees 0.30% 0.30% 0.30% 0.20%
Yield farming Yes (UNI) Yes (BONE) Yes (DFS) Yes (CAKE)
Governance Yes (UNI) Yes (BONE) Yes (DFS) Yes (CAKE)
Cross-chain No No Yes (through bridge) Yes (through bridge)
Token swaps Yes Yes Yes Yes
Wallet Any Ethereum-compatible Any Ethereum-compatible Binance Chain Wallet Any Binance-compatible
Total value locked $8.48B $1.28B $0.42B $10.36B

When it comes to decentralized exchanges, there are several options available in the market. Some of the most popular ones include UniSwap, ShibaSwap, DeFi Swap, and PancakeSwap. Each of these platforms has its unique features that distinguish it from the others. Here is a comparison of the four exchanges based on different factors.

Launch Date: UniSwap was launched in November 2018, while ShibaSwap came into existence in July 2021. DeFi Swap was launched in August 2020, and PancakeSwap came a month later, in September 2020.

Main Network: UniSwap and ShibaSwap operate on the Ethereum network, while DeFi Swap and PancakeSwap are built on the Binance Smart Chain.

Native Token: Each platform has its native token. UniSwap uses UNI, ShibaSwap uses BONE, DeFi Swap uses DFS, and PancakeSwap uses CAKE.

Trading Fees: The trading fees for UniSwap, ShibaSwap, and DeFi Swap are the same, which is 0.30%. On the other hand, PancakeSwap has a lower trading fee of 0.20%.

Yield Farming: All four platforms support yield farming, allowing users to earn rewards for providing liquidity to the platform. Each platform has its respective token for yield farming, with UniSwap having UNI, ShibaSwap having BONE, DeFi Swap having DFS, and PancakeSwap having CAKE.

Governance: Governance is an essential feature of decentralized exchanges, allowing users to participate in decision-making processes. UniSwap, ShibaSwap, DeFi Swap, and PancakeSwap all have governance systems in place, with each platform’s respective token providing voting power.

Cross-Chain: DeFi Swap and PancakeSwap both support cross-chain swapping through a bridge, while UniSwap and ShibaSwap do not.

Token Swaps: All four platforms enable token swaps between different cryptocurrencies.

Wallet: UniSwap and ShibaSwap are compatible with any Ethereum-compatible wallet, while DeFi Swap requires the Binance Chain Wallet. PancakeSwap is compatible with any Binance-compatible wallet.

Total Value Locked: UniSwap has the highest total value locked at $8.48B, followed by PancakeSwap at $10.36B. ShibaSwap has a total value of $1.28B, while DeFi Swap has $0.42B.

Overview of Bone Token and its Price History

Shibaswap Bone Token Price

The current

Shiba Swap BONE token price

is $0.998710 USD, with a trading volume of $7,308,844 USD over the past 24 hours. This information is updated in real-time to ensure users have access to the most up-to-date BONE to USD market data. Despite a recent decrease in price by 7.26%, BONE still holds a strong market position as the #152 ranked token on CoinMarketCap, with a live market cap of $229,626,865 USD. The circulating supply of BONE is currently 229,923,446 coins, representing the amount of BONE currently in circulation. Meanwhile, the max supply of BONE is 230,000,000 coins, indicating the maximum amount of BONE that can ever exist.

Bone Token Price Prediction

Our current prediction for the value of Bone ShibaSwap suggests a drop of -1.03%, bringing the value down to $0.966211 by April 25, 2023. Our technical indicators indicate a bearish sentiment, with a Fear & Greed Index of 63 (Greed). Over the past 30 days, Bone ShibaSwap has recorded 14/30 (47%) green days and experienced 3.64% price volatility. As per our forecast, now may not be the best time to buy Bone ShibaSwap. To predict the long-term trajectory of Bone ShibaSwap price, we can compare it with other major technological innovations and trends. The table provided above illustrates Bone ShibaSwap’s potential price by the end of 2024, 2025, and 2026 if it follows the growth trajectory of the internet, or large tech companies like Google and Facebook during their growth phase.

Based on our analysis, the best-case scenario for BONE’s price prediction in 2026 is $18.27 if it follows Facebook’s growth trajectory. If Bone ShibaSwap follows the growth of the internet, our prediction for 2026 would be $2.10. By analyzing Bone ShibaSwap’s potential growth against significant technological advancements, we can gain insights into the future performance of BONE in the cryptocurrency market.

Is Shiba Swap BONE Token a Good Investment?

There is no assurance that the Bone ShibaSwap token will maintain its impressive performance in the coming years, but it’s worth paying attention to at the moment. BONE is considered one of the most notable digital currencies to emerge in 2023. According to the BONE price forecast for 2023, its value is expected to experience a substantial increase in the latter part of the year, potentially reaching $1.60. The surge is likely to be gradual, with no significant decrease anticipated. While an average price of $1.49 is an ambitious target, it is feasible given the projected collaborations and advancements. Additionally, experts are optimistic that BONE will have a minimum value of $1.28.


The journey of Shiba Inu cryptocurrency has been quite remarkable, garnering both immense popularity and controversies. While SHIB has experienced market volatility like many other meme coins, it still holds a multi-billion-dollar market cap and has a dedicated community following. The project is also actively working towards a roadmap that could bring substantial long-term benefits and value to the cryptocurrency ecosystem.

To Top

Pin It on Pinterest

Share This