Factors Influencing the Increase of Shiba Inu’s BONE Price: Insights from Shibarium Marketing Strategist

LUCIE, the Marketing Strategist for Shibarium, expressed on X (formerly Twitter) that the primary drivers for a potential increase in BONE’s price are the “balance of power, positive momentum, and good timing.”

The native token of the decentralized exchange ShibaSwap was valued at over $15 shortly after its launch in July 2021, but has experienced a significant decline since then.

While LUCIE acknowledged that whales are “part of the game,” they suggested that large investors selling their assets could actually be somewhat advantageous for the memecoin.

“I don’t mind when whales sell because I’d prefer to see 100 individuals holding 10,000 BONE each rather than 1 individual holding 1 million BONE.”

Rather than focusing on the actions of whales, the Marketing Strategist believes that the asset’s price will be influenced more by other critical factors, such as positive investor sentiment, timely opportunities, and the balance of power.

LUCIE concluded that these same elements will also lead to a price rise for SHIB and LEASH.

As reported by CryptoPotato earlier this week, the anonymous X (Twitter) user “Shib Informer” asserted that the value of Shiba Inu will increase once there is substantial demand from investors and further utilization of Shibarium.

Meanwhile, for more information about Shibarium, please check out our dedicated video:

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