Dogecoin (DOGE) was the original meme coin in the crypto space. It came about as a joke in 2013. Its creators never imagined the success this cryptocurrency without any specific use or inherent value would have a few years later. In light of DOGE’s enormous success, other meme coins emerged, trying to replicate the story of the first meme coin.
Shiba Inu (SHIB) was one of those emerging projects. However, Shiba Inu’s vibrant community, known as the "ShibArmy," leveraged social media platforms to create an impressive marketing strategy to engage more users. In addition, the community developed a decentralized exchange (DEX), ShibaSwap, which has further strengthened this project.
The Bone ShibaSwap (BONE) token is a governance token for ShibaSwap. Shiba Inu has become the second most valuable meme coin by market capitalization, largely thanks to the new functionalities added to its ecosystem. But what are the actual projections of BONE as a crypto investment? Let us discuss it in this BONE price prediction for the next few years.
What Is BONE?
BONE is an ERC-20 token, serving as a ShibaSwap DEX governance token with voting functionality. BONE holders can submit and vote on upcoming proposals concerning the Shiba Inu ecosystem. The significance of each vote is proportional to the amount of BONE each voter holds. As of August 13, 2023, BONE was the 95th most valuable cryptocurrency by market capitalization, according to CoinMarketCap. The table below summarizes other relevant data for this date.
BONE Price History
The BONE token hit the open market in mid-September 2021 at $0.95. On September 13, it reached its all-time high at $41.6. However, this token could only keep that level for a short time. By October 7, the BONE price was $2.5. Over a week later, the BONE price was around $1.5. Then, the BONE price spiked again, reaching $3.2 on November 2. The BONE price steadily dropped after this sudden price hike, closing 2021 at around $1.5.
For most of 2022, the BONE price stayed below its open price of $0.95. During the first half of September that year, the BONE price fluctuated around $2. However, this token ended that year at nearly $0.9. In Q1 2023, BONE experienced a resurgence, reaching $2 on February 23. However, this token entered a downtrend, lowering the price to around $0.7 in mid-June. In the last months, the BONE price has steadily increased. On August 5, this token traded at more than $1.7. As of August 13, 2023, the BONE price was around $1.5.
Bone ShibaSwap (BONE) Price Prediction for 2024-2030
BONE Price Prediction for 2024
In 2024, the BONE price will continue to increase. PricePrediction expects BONE to trade at $3 in 2024, with a potential maximum of $3.4. BitcoinWisdom forecasts an average price of $3.6 and a maximum of $4.1. For its part, Bitnation indicates an average BONE price of $3.8, possibly reaching $4.2. Your BONE investment at the current $1.5 could increase its worth by +180%.
BONE Price Prediction for 2025
PricePrediction expects the BONE token to trade at an average price of $4.3 in 2025, with a potential maximum of $5. BitcoinWisdom and Bitnation predict an average BONE price of $5.3 and a maximum of $5.7. So, your BONE investment at the current trading price of $1.5 could increase its value by +280% in 2025.
BONE Price Prediction for 2030
BONE price predictions for 2030 significantly differ between sources. Bitnation predicts an average price of $12.9 and a maximum of $13.3. For its part, BitcoinWisdom expects BONE to trade at $13.5 on average in 2030, possibly reaching $14. PricePrediction is significantly more optimistic, with an average price of $29.6 and a maximum of $32.3. Your BONE investment at the current $1.5 could increase its value by +2,067% by 2030.
Conclusion
Shiba Inu has become one of the market's most successful meme coin ecosystems. As such, tokens, part of this ecosystem, might have a bright future. That is the case with BONE, which could increase its value significantly in the next few years. However, you must invest cautiously in meme coins and cryptocurrencies linked to this type of asset. Hence, you should not invest in BONE more money than you can afford to lose.
FAQs
Is BONE a good investment?
Price predictions indicate that BONE is a good long-term investment. As a short-term investment, BONE is not anything special. However, it would be best if you researched this token beyond price predictions before investing.
How high can BONE go?
According to PricePrediction, BONE could trade at a maximum of $70.3 in 2032.
Where can I buy BONE?
Several exchanges list BONE for trading. You can buy it on LetsExchange.io at competitive rates without any hassle.
Disclaimer
Please keep in mind that the above information is based exclusively on our observations and is provided for informational purposes only. It doesn’t constitute any kind of financial advice nor represents an official forecast. Cryptocurrency is a highly volatile asset, and you are investing in it at your own risk.