SHIB, BONE, and LEASE – Are these memecoins worth the investment?

After a prolonged year of stagnation, the cryptocurrency market is finally displaying signs of vitality. In August 2023, cryptocurrencies such as BTC and ETH exhibited greater volatility than tech stocks.

With developments like the emergence of the BTC ETF and XRP’s victory over the SEC, the entire cryptocurrency ecosystem appears to be undergoing a resurgence. Even as prominent cryptocurrencies seize the spotlight, meme coins are holding their ground in the market.

Shiba Inu, BONE, and LEASE are notable meme tokens in the market. Shiba Inu ranks 19th among these three, boasting a current market capitalization of $4,698,536,338.

BONE holds the 159th position, and LEASE is ranked 478th among the top cryptocurrencies in an industry boasting over 22,904 cryptocurrencies. These meme coins remain popular choices.

Lucie, a lead developer from Shibarium, recently discussed this on X. Her tweet highlighted how SHIB, BONE, and LEASH continue to attract investors seeking gains despite the challenges of navigating the market.

As anticipated, the tweets and the current market conditions piqued the interest of traders. Many of them sought the Shiba Inu price prediction to reassess their portfolios.

Currently, Shiba Inu is trading at $0.000007932, indicating a growth of 9.87% in the past week. BONE is trading at $0.7592, showing a 1.58% increase in the past week, while LEASE is trading at $309.19, with a 4.83% growth over the last week.

While Bitcoin still exerts a significant influence on the market, Shiba Inu is also gearing up for several Shibarium updates. With this sentiment prevailing, traders anticipate that SHIB and other meme coins will experience growth in the coming months.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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Bitcoin (BTC) $ 65,139.45
Ethereum (ETH) $ 3,539.53
Tether (USDT) $ 0.999547
BNB (BNB) $ 597.33
Solana (SOL) $ 137.39
XRP (XRP) $ 0.492858
Dogecoin (DOGE) $ 0.123768
Cardano (ADA) $ 0.386619