In a thrilling twist of events, the Shiba Inu ecosystem’s tokens appear to be illustrating an upward momentum across the broader crypto market today, nabbing significant attention globally. As of writing, the SHIB, BONE, and LEASH prices noted an upswing altogether, according to data by CoinMarketCap.

The Shiba crypto community’s recent storm of strides showcased within the market appears to be propelling the tokens’ price upswing, aligning with the community’s strategic partnership with K9 Finance and expansion of Marswap’s services on Shibarium.

Meanwhile, WoofSwap, a DEX on Shiba Inu’s L2 Shibarium, revealed plans to revolutionize the Shiba Inu ecosystem further, fueling speculations over SHIB’s price action ahead.

WoofSwap Unveils Plans To Bridge Shibmap To ERC404

According to a recent statement shared by the DEX, WoofSwap proclaimed considering bridging Shibmap to ERC404, a semi-fungible digital asset. With this, the platform eyes the integration of Shibmap to WoofSwap, ‘facilitating CEX and DEX’ shortly ahead.

Although the project is already on WoofSwap’s to-do list, the DEX stated, “We need more time to work on it. However, ERC404 sounds like a great idea.” This appears to have garnered noteworthy attention among crypto market enthusiasts as it potentially paves the way for witnessing heightened activity on Shibarium. Moreover, it also jacks up the Shiba Inu tokens’ tokenomics, revolutionizing the digital assets’ cryptographic venture across the crypto horizon.

In the interim, additional developments, such as the partnership with K9 Finance and Marswap’s expansion of services on Shibarium, appear to have further aided the price upsurge noted by the Shiba Inu tokens. The merger with K9 Finance facilitates seamless BONE staking, whereas Marswap’s extension of services brings a plethora of new features to Shibarium, including the launch of new projects through Marswap’s Launchpad, among many others, aiding the platform in staging as an eminent L2 network within the crypto realm.

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SHIB, BONE, & LEASH Prices Jump

As of writing, the Shiba Inu price noted a 0.89% increase in the past 24 hours and is currently trading at $0.00000942. Bone ShibaSwap (BONE) and Doge Killer (LEASH) prices also noted a 0.87% and 1.10% rise, respectively, coinciding with SHIB’s upsurge and the community’s recent advancements. Intriguingly, the recent surge in Shiba Inu’s burn rate seems to have further jacked up the SHIB tokenomics.

Also Read: Is Bitcoin’s Pre-Halving Downside Over? Experts Share Potential Targets

The post SHIB, BONE, & LEASH Prices Jump Amid WoofSwap’s Shibmap Bridging Plan appeared first on CoinGape.

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Filed under: News - @ January 1, 1970 12:00 am