Shiba Inu's BONE jumps 10% as price rises versus BTC and ETH $BTC $ETH Bitcoin Ethereum $BONE
is also gaining traction as investors consider its expanding utility in the Shiba Inu ecosystem. Among several imminent use cases, BONE would be used as gas for the incoming Layer 2 shibarium and also as a reward for validators. Buyers ramping up for BONE's price action might be another cause for a price increase.
On Dec. 13, BONE hit support at $0.70, where buyers emerged. As a result, its price recovered nicely.On Dec. 14, bulls used the foundation formed at this support to propel BONE's price higher. The daily RSI has moved above the neutral level of 50, indicating that buyers might continue their attempt to push BONE prices in the short term.
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