Exploring the Potential of Avalanche (AVAX) in the DeFi Space
Avalanche (AVAX) is a decentralized finance (DeFi) platform that aims to provide a faster, more secure, and more scalable alternative to existing blockchain networks. It was launched in 2020 and has gained significant traction in the DeFi community due to its unique features and potential to revolutionize the financial industry.
Speed & Efficiency
One of the main differentiators of Avalanche is its high transaction speed. It is capable of processing over 4,500 transactions per second (TPS), making it one of the fastest blockchain networks currently in existence. This makes it ideal for use cases that require fast and efficient processing, such as high-frequency trading, peer-to-peer lending, and decentralized exchanges.
Security
In addition to its speed, Avalanche is also designed to be highly secure and resistant to attacks. It uses a unique consensus mechanism called “Avalanche consensus,” which allows for quick and secure decision-making on the network. This mechanism is based on the “snowball effect,” in which validators “vote” on transactions by either approving or rejecting them. The more validators that approve a transaction, the more likely it is to be included in the next block on the chain.
Scalability
Another key feature of Avalanche is its scalability. It uses a sharding model, which allows it to scale horizontally and process a large number of transactions simultaneously. This makes it suitable for handling large volumes of transactions without experiencing any delays or issues.
Final Words
Overall, Avalanche (AVAX) is a decentralized finance platform that aims to provide a faster, more secure, and more scalable alternative to existing blockchain networks. Its unique features and potential to revolutionize the financial industry make it an exciting development in the world of cryptocurrency and DeFi.
China’s Covid-19 outbreak is causing concern among health officials worldwide due to the potential for the virus to mutate into a more contagious or deadly variant.
The situation in China is difficult to accurately track due to the manipulation of data released by the government, but reports and videos coming out of the country suggest that the crisis is worsening.
A breakdown
China’s Covid-19 outbreak has been causing concern among health officials worldwide due to the potential for the virus to mutate into a more contagious or deadly variant. The situation in China is difficult to accurately track due to the manipulation of data released by the government, but reports and videos coming out of the country suggest that the crisis is worsening. In recent days, local governments have reported hundreds of thousands of infections per day, with sick patients crowding hospital hallways and medical workers reportedly running out of oxygen.
One of the major vulnerabilities exposed by China’s recent decision to relax its strict “zero Covid” rules, which had required regular testing and quarantine for overseas travelers, is the country’s lack of vaccination among its most vulnerable older population. While 90% of all Chinese were reportedly fully vaccinated as of November, less than 66% of those 80 and older were fully vaccinated and only 40% had received a booster. This leaves a significant portion of China’s population vulnerable to the disease, especially as the country does not have much natural immunity from past Covid waves due to its strict lockdown policies.
The potential impact is still uncertain
The potential impact of China’s Covid-19 outbreak on the US stock market is uncertain, as it depends on the extent and duration of the outbreak and its impact on the global economy. While the US has a higher percentage of its population vaccinated, including a high percentage of those over 65, and has also built up natural immunity from prior Covid waves, any significant disruption in China’s economy could have ripple effects on the global economy, potentially affecting US stocks. It is important for investors to monitor the situation in China and consider the potential impact on their portfolios.
It is worth noting that while the US has seen a higher number of Covid-19 deaths, China’s strict lockdown policies may have prevented the virus from causing a similar level of death since its emergence in Wuhan in late 2019, according to the country’s available data. However, without sufficient preparation for the end of “zero Covid,” China is now facing what may be its worst outbreak yet. It remains to be seen how the country will respond to this latest crisis and what the consequences will be for the global economy.
In conclusion,
The potential impact of China’s Covid-19 outbreak on the US stock market is uncertain, as it depends on the extent and duration of the outbreak and its impact on the global economy. While the US has a higher percentage of its population vaccinated and has also built up natural immunity from prior Covid waves, any significant disruption in China’s economy could have ripple effects on the global economy, potentially affecting US stocks. It is important for investors to monitor the situation in China and consider the potential impact on their portfolios.
Even though my name is BTC_Jay and I personally believe that Bitcoin will go to 100,000$ at some point in the future, this doesn’t mean that I’m deterministic in that vision.
As a trader, price doesn’t really matter all that much. Sure, it feels nice if the underlying asset which you are trading is going up in value if you appear to also own it. But, we have to be at least prepared for multiple different outcomes, scenario’s, and more specifically, we need to be aware much in advance of what the main levels are which we need to act on.
In this write up, I’ll present to you a Bitcoin bear case. However, even if this bearish scenario plays out, I am and remain macro bullish on Bitcoin itself. This does NOT however mean that I am macro bullish on the totally of cryptocurrencies. Many altcoins won’t survive, some of them printed out of thin air, having an infinite supply.
Let’s not forget that with Bitcoin, we have one big certainty. 21 million Bitcoin, and not a single Bitcoin more, will eventually come into existence.
As an investor, I’m personally only interested in things that give me the guarantee of scarcity.
With that being said, let’s take a look at the monthly time frame for the Bitcoin chart:
On the monthly timeframe for Bitcoin, I drew Fibonacci retracement fibs from $1,163.00 (2013 bull market high) to $152.40 (2015 bear market bottom). This move from November 2013 to January 2015 gives us two very important levels.
The 1.618 target at $4,083.41 The 2.618 target at $31,161.45
Both of these levels have proven their importance ever since.
The 1.618 target at $4,083.41 was the level which we broke through in September 2017, consolidated at from November 2018 to April 2019 and which we ALMOST EXACTLY retested swiftly during the Covid crash.
The 2.618 target at $31,161.45 was the level which we broke through in January 2021 and held as support during the summer of 2021.
As of right now, let me illustrate the bear case by pointing you to two simple facts.
a. We have clearly lost the monthly support at the 2.618 fib ($31,161.45) and have traded below this level for well over half a year. That signifies weakness. b. On the chart I have three EMA’s. Blue line = 10 EMA / yellow line = 20 EMA and red line = 50 EMA.
Unless something drastically turns around for Bitcoin in the last 9 days of 2022 (which is possible, but not likely), we are about to have the first ever death cross where the 10 EMA drops below the 50 EMA on the MONTHLY timeframe.
Why is this important? Well let’s take a look at what happened for a big index like the SPY after this particular death cross signal (10 below 50 EMA – monthly timeframe):
On this chart, we see the monthly timeframe for the SPY.
December 2001: 10 below 50 ema à 30% + down October 2008: 10 below 50 ema à the market crashes violently during the month where it flashes the signal and ultimately moves down 40% + from this monthly signal
So, with this knowledge in mind, what could be a plausible bearish scenario for Bitcoin? I would say:
Create monthly 10/50 ema death cross
Move down to around the low 10k area
Bounce for a bearish retest around the 2017 all time high
Move down to covid lows for a long period of accumulation (at that point, nobody will buy anymore and we can truly see a massive reversal in the market).
Does this scenario have to play out? Absolutely not. Should you prepare for this scenario. Absolutely
How do you prepare for this scenario, well by paying attention to the chart and the signal as shared in this writeup, but most of all: by joining Titan trading!
Options are financial derivatives that give the holder the right, but not the obligation, to buy or sell an underlying asset at a specified price on or before a certain date. Options trading can be a powerful tool for managing risk and maximizing returns, but it can also be complex and carries the potential for significant losses.
There are two main types of options: call options and put options. A call option gives the holder the right to buy the underlying asset, while a put option gives the holder the right to sell the underlying asset. The price at which the holder has the right to buy or sell the underlying asset is known as the strike price. The date on which the option expires is known as the expiration date.
Options can be traded on a variety of underlying assets, including stocks, indices, currencies, and commodities. Options are traded on exchanges or over-the-counter (OTC), and the value of an option is determined by a number of factors, including the underlying asset’s price, the strike price, the expiration date, and the option’s implied volatility.
Options Spreads
An options spread is a combination of two or more options positions that have different strike prices and/or expiration dates. There are many different types of options spreads, including vertical spreads, horizontal spreads, diagonal spreads, and calendar spreads.
Vertical spreads involve options with the same expiration date but different strike prices. A bullish vertical spread involves buying a call option with a lower strike price and selling a call option with a higher strike price. A bearish vertical spread involves buying a put option with a higher strike price and selling a put option with a lower strike price.
Diagonal spreads involve options with different strike prices and different expiration dates. A bullish diagonal spread involves buying a call option with a lower strike price and a longer expiration date, and selling a call option with a higher strike price and a shorter expiration date. A bearish diagonal spread involves buying a put option with a higher strike price and a shorter expiration date, and selling a put option with a lower strike price and a longer expiration date. Calendar spreads, also known as time spreads, involve options with the same underlying asset but different expiration dates. A call calendar spread involves buying a call option with a longer expiration date and selling a call option with a shorter expiration date. A put calendar spread involves buying a put option with a longer expiration date and selling a put option with a shorter expiration date.
The Greeks
The greeks are a set of statistical measures used to quantify the risk and reward of options positions. The four main greeks are delta, gamma, theta, and vega.
Delta measures the sensitivity of an option’s price to changes in the price of the underlying asset. A call option with a delta of 0.5 will increase in value by $0.50 for every $1 increase in the price of the underlying asset. A put option with a delta of -0.5 will decrease in value by $0.50 for every $1 increase in the price of the underlying asset.
Gamma measures the rate of change of an option’s delta. A high gamma means that an option’s delta will change significantly for small changes in the price of the underlying asset.
Theta measures the sensitivity of an option’s price to the passage of time. As the expiration date of an option approaches, the option will lose value due to the time decay. Vega measures the sensitivity of an option’s price to changes in the implied volatility of the underlying asset. A high vega means that an option’s price will change significantly for small changes in the implied volatility.
In conclusion,
Options trading can be a valuable tool for managing risk and maximizing returns, but it is important to have a thorough understanding of the complexities and potential risks involved. It is always a good idea to seek the advice of a financial professional and to have a solid risk management strategy in place before starting to trade options. As with any form of investing, it is important to carefully consider your goals, risk tolerance, and financial situation before making any decisions.
The 2022 FIFA World Cup is scheduled to take place in Doha, Qatar from November 21 to December 18. It will be the first time that the World Cup has been held in the Middle East, and it will also be the first time that the tournament has taken place in November and December instead of June and July. The tournament will feature 32 teams from around the world and will be held at eight different stadiums across five host cities in Qatar. This will be the 22nd edition of the World Cup and the final tournament of the 2022 FIFA World Cup qualification process. The tournament is expected to generate significant interest and excitement around the world, and it will be a major event for Qatar and the region.
What is a fan token?
A fan token is a digital asset that represents a team or athlete and can be bought, sold, and traded on cryptocurrency exchanges. Fan tokens often provide holders with access to exclusive content, merchandise, and other perks. They can be issued and managed by the team or athlete they represent, or by a third-party organization such as a sports league or fan club. The value of a fan token is influenced by various factors, including the performance of the team or athlete it represents, the popularity of the sport, and overall market conditions. Fan tokens can be used as a way for fans to show their support for their favorite team or athlete and can also serve as a form of investment.
In general, fan tokens are digital assets that represent a team or athlete and can be bought, sold, and traded on cryptocurrency exchanges. They often provide holders with access to exclusive content, merchandise, and other perks. The value of a fan token can be influenced by various factors, including the performance of the team or athlete it represents, the popularity of the sport, and overall market conditions.
What does this mean for Argentina?
If the Argentine national soccer team performs well at the World Cup, it could potentially lead to an increase in demand for the team’s fan token and result in a price increase. On the other hand, if the team underperforms, it could potentially lead to a decrease in demand and a price decrease.
It’s important to note that the impact of the World Cup on a fan token will depend on a variety of factors and can’t be predicted with certainty. As with any investment, it’s important to do your own research and consider the risks before deciding to buy or sell a fan token.
In conclusion,
Fan tokens can be a unique and exciting way for fans to show support for their favorite team or athlete and potentially even earn a profit through investing. The World Cup can potentially have an impact on fan tokens, as the performance of the team or athlete represented by the token can influence demand and therefore the price of the token. Again, it’s important to do your own research and consider the risks before deciding to buy or sell a fan token. As the use of cryptocurrency and decentralized finance continues to grow and evolve, fan tokens may become an increasingly popular way for fans to engage with their favorite teams and athletes in the sports world.
Recently, the once popular crypto exchange, FTX, and former CEO Sam Bankman-Fried (SBF) have been under fire for a wide variety of fraud-based violations. In short, FTX & its executives stole and used customer funds in order to afford their lavish lifestyles, which included hundreds of millions of dollars in houses and properties. However, on Monday, 12/12, SBF was arrested for fraud and conspiracy.
What We Know
Federal prosecutors have issued a criminal indictment against the founder of the now-defunct FTX crypto exchange, who was arrested in the Bahamas. In addition, the accused faces civil securities fraud charges. To examine the collapse of FTX, a congressional committee is conducting a hearing.
On Tuesday, the U.S. Department of Justice’s Southern District of New York announced an indictment against Mr. Bankman-Fried, accusing him of lying to investors from the start of his company. He was charged with eight counts, including wire fraud on customers and lenders, and of conspiring to defraud the United States, and violate campaign finance laws.
The Securities and Exchange Commission (SEC) has filed civil charges accusing Mr. Bankman-Fried of deceiving investors who poured almost $2 billion into FTX and defrauding FTX customers. The Commodity Futures Trading Commission (CFTC) also brought a case against Mr. Bankman-Fried, alleging fraud and misrepresentation.
At approximately 6 p.m., Mr. Bankman-Fried was arrested at his apartment complex, as per a statement released by the Bahamian police. It is uncertain when Mr. Bankman-Fried might be extradited to the United States, as the process may take weeks up to months, pending the defendant’s response. However, the Bahamas does have an extradition treaty with the United States.
Mr. Bankman-Fried was initially scheduled to appear before the House Committee on Financial Services to testify about FTX’s collapse, but the hearing is proceeding without him. Instead, John J. Ray III, who took over FTX after its bankruptcy, provided testimony. “Even with most failed companies, we have a fair roadmap of what happened. We’re dealing with a literal paperless bankruptcy,” Ray said.
What This Means For You
Going forward, there will likely be large pushes from the SEC to further regulate the cryptocurrency market. This will likely not be limited to CEXs (central exchanges, like Coinbase), but to DEXs (decentralized exchanges) and DeFi (decentralized finance) as well. Now, depending on your thoughts on crypto, this might be a good thing! There will be more safety measures in place and your funds will be much more secure, which is a good thing. On the other hand, the whole idea of crypto is to move away from centralization and governmental agencies, etc.
Closing Thoughts
The FTX and Sam Bankman-Fried debacle has been horrendous for everyone involved in the crypto markets, right now. However, I believe that this is a good thing for crypto in the long run, if it is going to stick around. The future of cryptocurrency is uncertain, but if it continues to become more centralized, it could have a significant effect on the global economy. It could lead to increased financial stability and greater accessibility to banking services, as well as more efficient international payments. Centralization of cryptocurrency could also bring more transparency and security to transactions, making it easier for governments to track and combat criminal activities. Additionally, centralized cryptocurrencies could help reduce market volatility as well as reduce the cost of transactions and financial services.
Studying the stock market can be an overwhelming task, as there are so many variables that can affect the price of a stock. However, one constant in the stock market is the bullish runs that usually happen near the end of the year (aka the “Santa Rally”).
Today, I will discuss the most bullish scenarios for three stocks: SPY (S&P 500 ETF), AMD (Advanced Micro Devices, Inc.), and MSFT (Microsoft Corporation). I will analyze the historical trends of each stock and explain how the bullish scenarios could occur. I will also discuss the potential risks associated with each stock and what investors should consider when making their investment decisions.
SPY Overview
The S&P 500 is a market index that measures the performance of the 500 largest companies in the United States. It is one of the most important indexes in the world as it acts as a barometer for the overall health of the economy. The S&P 500 is often referred to as a “proxy” for the stock market, and it is a popular choice for investors who are interested in gaining exposure to the US stock market. As the index generally tracks the performance of the broader US economy, it can provide investors with an indication of where stocks may be headed in the future.
Bullish Scenario
With a test of the ~$386-387 support level, we could see a bounce with continued upside into the lower $400’s. The relative strength index (RSI) is sitting right at the mid-level, indicating that we are not “poised” or “due” for any sort of extended pullback, which helps our bullish scenario.
For this scenario to play out, the SPY needs continue to operate above the $386-387 support level! There’s not much else to it, on a technical level at least.
Why I Am Bullish
SPY, as mentioned before, tends to have a Santa Rally into the end of the year. Furthermore, the overall market trend is positive, with the S&P 500 up about 12.5% since the beginning of October. Secondly, SPY has strong technical support at its 200-day moving average (weekly timeframe), which it has held above for the past year. And, finally, the overall market sentiment as shifted from being extremely fearful, providing institutional money the confidence they need to begin flushing money into the market.
AMD Overview
Advanced Micro Devices (AMD) is an American multinational semiconductor company that specializes in designing and manufacturing computer processors and related technologies. AMD is a major player in the computer hardware industry and is known for its innovation in the field of graphics processing units (GPUs). The company has seen strong growth in recent years and has been at the forefront of emerging trends such as cloud computing, artificial intelligence, and machine learning. AMD has become a popular choice for consumers looking for powerful processors at a relatively low cost.
Bullish Scenario
For AMD to really see extended movement to the upside, we need to see a retest of the 200 EMA or 200 MA on the weekly (or daily) timeframe. AMD is currently sitting on its support level of ~$70, and an expected bounce can be anticipated at this level! Additionally, the RSI is sitting right at the mid-level, like the SPY, which gives us further conviction of no “expected” or “due” pullbacks.
Why I Am Bullish
Well, if SPY follows its bullish scenario AMD should follow, to some degree. AMD has seen massive drops in its share price this year, due to a variety of supply chain & demand (etc) issues this year. BUT we have seen AMD bounce more than 25% since its low in October & it would not be out of thequestion to see AMD continue this run into the end of the year…. Especially if SPY runs!
MSFT Overview
Microsoft Corporation (MSFT) is a global technology company with a market cap of $1.6 trillion. It is the largest software company in the world and is known for its Windows operating system, Office Suite, and various other products and services. Founded in 1975, MSFT has a long and successful track record of providing innovative products and services to its customers worldwide. The company has been a bellwether of the technology industry for many years and it is one of the most popular stocks on Wall Street.
Bullish Scenario
MSFT’s technical picture looks bullish, with the stock trading above its 200 moving average (weekly timeframe) and recent consolidation around $240. Again, this RSI is at the mid-level indicating no surprises! Ideally, we see MSFT move up with the rest of the market as we finish this year. MSFT is sitting at a good level of support and if it holds here, we could see $270 in the coming weeks!
Why I Am Bullish
There are numerous reasons to believe that Microsoft Corporation (MSFT) could be bullish into the end of this year. Firstly, the company has strong fundamentals, with a robust balance sheet and a history of profitability. Secondly, with a beta value of .93 MSFT tends to follow the SPY very closely and this means that we have increased conviction of a bullish scenario IF the SPY also follows its bullish scenario.
Closing Thoughts
In conclusion, studying the stock market can be a daunting task. However, with the right knowledge and research, it can be a great opportunity to make a profit. This article has discussed the most bullish scenarios for the stocks SPY, AMD, and MSFT. By analyzing their historical trends and understanding the potential risks, investors can make informed decisions and potentially benefit from the Santa Rally. Ultimately, it is up to the investor to conduct their own due diligence and decide which stocks are best suited for their portfolio.
Want More Insight?
You can check out the video AmmaJamma did on our YouTube channel for more insight into our Christmas List
Set of cryptocurrencies with a golden bitcoin on the middle
Sam Bankman-Fried (SBF) is the CEO of FTX, a cryptocurrency exchange. FTX is quite large and one of the more popular exchanges that have been used in the past. He is also the founder of Alameda Research, a quantitative trading firm.
FTX was launched in 2019 and has quickly become one of the leading exchanges in the space. The exchange offers a wide range of products, including futures, options, and spot markets. Recently, FTX has been all over the news for how they’ve dealt with users’ funds. Essentially, FTX was using users’ funds for a variety of reasons (all of which break FTX’s terms of service document and are, therefore, illegal), including funding their own poorly-performing crypto trading fund called Alameda Research.
Now, this was all uncovered after a Twitter feud between FTX’s CEO Sam Bankman-Fried and Binance’s CEO CZ. In the feud, CZ suggested that FTX was insolvent, causing the price of their exchange token, $FTT, to fall considerably. SBF then publicly claimed that all assets at FTX were safe and they were perfectly solvent. Turns out that was a lie. Very shortly later, it comes out that FTX was insolvent and that is due to a majority of their collateral being user funds and their own token, $FTT.
Now, in light of all of this, fear has spread throughout the crypto industry that FTX is not the only one that is insolvent. In fact, many larger firms and exchanges had exposure to FTX and their funds held at FTX were essentially rendered useless and worthless. However, a lot of the companies that are actually involved are just conjecture as no one knows for sure.
“The entire crypto industry was on an upswing… we could be near bottom of market.”
Despite all of this happening (and we’re barely scratching the surface here!), the entire crypto industry was on an upswing and many of our analysts believe we could be near or at the bottom of the market, and they suggest that we may even actually see a bullish push into the new year. Crypto is not going anywhere, despite the recent doom and gloom. There are many reasons why this is true, most importantly being that there is too much money sloshing around in the hands of the “big boys.”
But you’re probably wondering, which exchanges are really safe right now? And the answer is – that you can never know for sure, but we have a couple of really good guesses. The exchanges that our team still trusts and believes in are Binance, Coinbase, and OKx.
Binance is an obvious one, with $64.3B in assets and an incredible global presence Binance is likely one of your safest bets right now. Binance was one of the first crypto exchanges to implement a 2FA system and has always prided itself on transparency and safety. Binance was also one of the few exchanges to release a detailed report on their financial situation!
Next, we have Coinbase, which has been a safe haven for a lot of people in the crypto world since they first launched. In fact, they are now the #2 cryptocurrency exchange in the world (behind Binance). Coinbase has been one of the few exchanges that have followed all of the rules, even before they were rules. Coinbase took off due to its availability in the USA, and its easy-to-use platform, they also have a reputation for always bending to the demands of the government, and as a result, Coinbase has cemented itself in the cryptocurrency world for a long time.
Lastly, we have OKx. OKx is very similar to Binance and shares most of the same features, values, and visions. They are a global marketplace and have many, many features and educational opportunities, they are just a little bit smaller than Binance. There is nothing fundamentally different, except for its user and volume count! In fact, most of our analysts use OKx for their trading.
Now, of course, nothing is 100% and if you’re on a central exchange you do not have your keys to your crypto wallet, and if “not your keys, not your crypto!” So, to circumvent this, please note that you must use a COLD WALLET. A “hot wallet,” like MetaMask or Coinbase Wallet, is a good option too, but a cold wallet is always best! Our team recommends Ledger! Now, these are not terribly convienent, especially if you are an active trader. Which is why we gave our recommendations above, but please remember the only true way to avoid any chance that your funds are stolen is through a cold wallet.
In conclusion, our team believes the FTX situation will ultimately be good for crypto. A sort of “get rid of the filth” mentality. But for the time being, there will likely be some increased volatility and fear in the market.
Come consider trading and monitoring the market with us here! We hope you are all safe and healthy during this difficult crypto time!
Shiba Inu (SHIB) is a decentralized cryptocurrency built on the Ethereum blockchain. Its primary features include running on a decentralized finance (DeFi) platform and featuring the Shiba Inu—a Japanese breed of hunting dog—as its mascot. Shiba Inu is often regarded as a rival to Dogecoin, and its proponents have described it as the challenger to Dogecoin’s market dominance.
One trillion $SHIB!
A massive amount of 1,060,594,914,048 Shiba Inu tokens was recently transferred from an anonymous address to a Coinbase wallet, with the likely intention of selling the crypto. At the time of the transfer, this massive chunk of SHIB was worth a whopping $10,415,042 according to the SHIB/USD exchange rate. This is an impressive amount of SHIB and is sure to have an impact on the crypto market.
It’s quite remarkable what happened–Etherscan shows that within five minutes of a mysterious wallet sending in meme crypto, a trillion SHIB was dispatched to a “Coinbase 10” wallet. The second-largest meme coin had a great start to the day. The hourly chart was graced by a large, green candle, followed by another, though not as big. Prices shot up by 6%, but then settled down with a 1.27% drop.
Now, this all comes before the highly anticipated Shibarium Upgrade
The network is preparing for the much-anticipated Shibarium update, which will enable SHIB to move from an ERC-20 token on the Ethereum protocol to a completely independent network. This upgrade will eliminate Shiba Inu’s reliance on the Ethereum network, providing users with improved performance and reduced transaction costs.
Additionally, with this upgrade coming, BONE, the new token in Shiba Inu’s decentralized ecosystem, is soaring (~40% in the last 14 days!) A Shib Army member is eligible to cast their vote on any upcoming community proposals if they hold BONE assets. Furthermore, the weight of a Shib Army member’s opinion in any upcoming Shiba Inu ecosystem plan is contingent on the number of BONE assets that they hold. However, BONE’s price began to increase following the announcement from Shiba Inu’s lead developer that the token would be used for the upcoming Layer-2 solution for the network as a gas fee.
