Introduction: Investment Position and Market Prospects of Bone ShibaSwap (BONE)

Bone ShibaSwap (BONE) is an important asset in the cryptocurrency domain, launched in 2021. As the foundational governance token of the Shibarium Layer 2 network ecosystem, BONE serves critical functions including gas payment, validator voting, and node rewards. As of December 20, 2025, BONE maintains a market capitalization of approximately $20.7 million USD with a circulating supply of approximately 249.89 million tokens. The token is currently trading at $0.08282, reflecting significant volatility since its all-time high of $15.50 achieved in July 2021.

BONE has positioned itself as a governance asset within the Shiba Inu ecosystem, enabling ShibArmy community members to express their opinions through Doggy DAO by voting on proposals. With its maximum supply capped at 250 million tokens and circulating supply ratio exceeding 99.95%, the token distribution is nearly complete. The asset is traded across 13 exchanges globally and maintains an active holder base of 94,070 addresses.

Given BONE's role as a Layer 2 ecosystem token and its significance to the broader Shiba Inu community, investors frequently inquire: "Is Bone ShibaSwap (BONE) a good investment?" This comprehensive analysis examines BONE's investment value, historical price performance, future price forecasts, and associated investment risks to provide investors with informed perspective.

Bone ShibaSwap (BONE) Market Analysis Report

I. Coin Price History Review and Current Investment Status

BONE Historical Price Performance and Investment Returns

• 2021: BONE launched on ShibaSwap ecosystem → Achieved all-time high of $15.50 on July 7, 2021
• 2021: Market correction phase → Price declined from peak to $0.077 (all-time low) by August 13, 2021
• 2021-2025: Extended bear market → Price depreciated by 82.16% over one-year period

Current BONE Investment Market Status (December 20, 2025)

• Current Price: $0.08282 USD
• 24-Hour Price Change: +1.53% ($0.001248 change)
• Market Capitalization: $20,696,058.32 USD
• Fully Diluted Valuation (FDV): $20,704,950.46 USD
• 24-Hour Trading Volume: $38,912.78 USD
• Market Dominance: 0.00064%
• Number of Token Holders: 94,070
• Exchange Listings: 13 exchanges

Access real-time BONE market prices at Gate.com

II. Token Supply and Distribution Analysis

Circulating Supply Structure

• Total Supply: 250,000,000 BONE
• Circulating Supply: 249,892,034.74 BONE
• Circulation Ratio: 99.96%
• Market Cap to FDV Ratio: 99.96%

Supply Characteristics

The token demonstrates near-complete circulation with minimal locked supply, indicating mature distribution phase. The proximity of circulating supply to total supply suggests limited future dilution pressure from new token releases.

III. Project Overview and Utility

Primary Use Cases

BONE serves as the foundational utility token for the Shibarium ecosystem with multiple functions:

• Gas Payments: Used for transaction fees on the Shibarium network
• Governance: Enables voting rights within the Doggy DAO governance framework
• Network Participation: Supports validator voting and node reward mechanisms
• Ecosystem Governance: Grants holders voting weight proportional to token holdings

Ecosystem Integration

BONE operates exclusively on ShibaSwap and maintains cross-chain presence on Ethereum, with deployment at contract address 0x9813037ee2218799597d83D4a5B6F3b6778218d9.

IV. Market Dynamics and Risk Assessment

Short-Term Price Volatility

Current 24-hour price range: $0.08072 - $0.08533

• High volatility observed over intermediate timeframes (7-day decline of -12.13%)
• Extended downtrend evident in longer periods (1-year decline of -82.16%)

Market Position

• Global Ranking: #851 by market capitalization
• Market Sentiment: Neutral (Sentiment Index: 1)
• Network Effect: Supported by 94,070 token holders across 13 exchanges

V. On-Chain Resources and Verification

Official Channels:

• Website: https://shibaswap.com
• Ethereum Contract: https://etherscan.io/token/0x9813037ee2218799597d83D4a5B6F3b6778218d9
• Shibarium Scanner: https://www.shibariumscan.io/
• Community: https://twitter.com/shibtoken

Report Generated: December 20, 2025

Disclaimer: This report is provided for informational purposes only and does not constitute investment advice. Cryptocurrency investments carry substantial risk. Historical performance does not guarantee future results. Conduct independent research before making investment decisions.

Bone ShibaSwap (BONE) Investment Analysis Report

Report Date: December 20, 2025

I. Executive Summary

Bone ShibaSwap (BONE) is the governance and utility token of the Shibarium ecosystem, designed to facilitate gas payments, validator voting, and node rewards on the Shibarium layer-two network. As of December 20, 2025, BONE trades at $0.08282 with a market capitalization of approximately $20.7 million, ranking #851 by market cap. The token exhibits significant price volatility, having declined 82.16% over the past year from its all-time high of $15.5 (reached July 7, 2021).

II. Core Factors Affecting BONE as an Investment

Supply Mechanism and Scarcity

BONE operates under a fixed maximum supply of 250,000,000 tokens, with circulating supply currently at 249,892,034.74 tokens (99.96% of maximum supply). The token's circulation-to-maximum supply ratio of 99.96% indicates near-complete supply emission, significantly limiting scarcity dynamics. This advanced distribution stage differs from earlier-stage tokens with substantial supply inflation potential.

Investment Implications:

• Limited upside from supply scarcity as primary value driver
• Mature supply structure with minimal future dilution concerns
• Price appreciation dependent primarily on demand factors rather than supply reduction

Market Liquidity and Exchange Accessibility

BONE is listed on 13 exchanges, providing moderate market accessibility. However, the token experienced significant liquidity constraints following exchange delistings (including OKX/ONUS delistings in July 2025), reducing centralized exchange (CEX) accessibility. Current 24-hour trading volume stands at $38,912.78, indicating limited market depth.

Investment Considerations:

• Reduced CEX liquidity increases execution risk for large positions
• DeFi-first strategy via ShibaSwap and bridge protocols as alternative access channels
• Concentration of trading activity on fewer platforms may increase price volatility

Ecosystem and Governance Role

BONE functions as the governance token for the Shibarium ecosystem and ShibaSwap protocol. Token holders participate in Doggy DAO governance decisions regarding ecosystem development and future proposals. Voting weight correlates directly with token holdings.

Investment Value Drivers:

• Governance utility provides fundamental use case beyond speculative trading
• Integration within Shibarium's two-layer network architecture ties token value to ecosystem adoption
• Gas fee utility on Shibarium network creates demand-based pricing mechanisms

Technical Sentiment and Market Positioning

Current technical analysis indicators present mixed signals:

• 24-hour performance: +1.53% (modest positive momentum)
• 7-day performance: -12.13% (bearish short-term trend)
• 30-day performance: -14.74% (continued downward pressure)
• 1-year performance: -82.16% (significant long-term decline)

Daily buy/sell signals from technical indicators show "Strong Sell" positioning on moving averages.

III. Market Price Dynamics and Historical Context

Price Performance

All-Time Metrics:

• All-Time High: $15.5 (July 7, 2021)
• All-Time Low: $0.077 (August 13, 2021)
• Current Price: $0.08282
• Decline from ATH: 99.46%

Market Capitalization and Dominance

• Total Market Cap: $20,704,950.46
• Fully Diluted Valuation: $20,704,950.46
• Market Cap to FDV Ratio: 99.96% (indicating near-complete supply circulation)
• Market Dominance: 0.00064% (minimal influence on overall cryptocurrency market)

IV. Holder Distribution and Network Participation

BONE maintains 94,070 distinct token holders, reflecting moderate but not extensive community participation. This represents the active participant base for governance voting and ecosystem engagement.

V. Network Infrastructure

Primary Blockchain: Ethereum (ETH) Smart Contract Address: 0x9813037ee2218799597d83D4a5B6F3b6778218d9

Official Resources:

• Website: https://shibaswap.com
• Network Scanner (Shibarium): https://www.shibariumscan.io/
• Ethereum Blockchain Explorer: https://etherscan.io/

VI. Key Observations and Market Context

1. Extreme Historical Valuation Decline: The 99.46% decline from all-time high represents one of the most severe price depreciations among ecosystem tokens, indicating significant market sentiment reversal since the 2021 peak.

2. Concentrated Supply Distribution: With 99.96% of maximum supply already in circulation, future token inflation poses minimal risk, but also eliminates scarcity-based appreciation mechanisms.

3. Exchange Liquidity Challenges: Recent CEX delistings have shifted the token toward decentralized finance channels, potentially increasing price volatility and execution risk.

4. Ecosystem Dependency: BONE's value proposition is intrinsically linked to Shibarium adoption rates and Doggy DAO governance participation. Token value directly correlates with ecosystem utility expansion.

5. Technical Weakness: Current technical indicators (moving averages showing "Strong Sell") combined with negative 7-day and 30-day performance trends suggest bearish near-term momentum.

VII. Conclusion

Bone ShibaSwap functions as a governance and utility token within the Shibarium ecosystem rather than as an independent financial asset. Investment considerations should account for the token's 82.16% annual decline, severely depressed valuation relative to historical highs, limited market liquidity following exchange delistings, and dependence on Shibarium ecosystem adoption acceleration. Current technical indicators and price trends present bearish signals for near-term performance.

III. BONE Future Investment Predictions and Price Outlook (Is Bone ShibaSwap (BONE) worth investing in 2025-2030)

Short-term Investment Prediction (2025, short-term BONE investment outlook)

• Conservative forecast: $0.066256 - $0.0861328
• Neutral forecast: $0.08282 (current market price)
• Optimistic forecast: $0.0861328 - $0.09

Mid-term Investment Outlook (2026-2028, mid-term Bone ShibaSwap (BONE) investment forecast)

• Market phase expectations: BONE is positioned as the governance token for the ShibaSwap ecosystem and gas utility token for Shibarium. The mid-term performance will be influenced by Shibarium network adoption and ecosystem development momentum, with potential recovery following extended downtrend since 2021 highs.

• Investment return predictions:

  • 2026: $0.077718 - $0.094614
  • 2027: $0.047459 - $0.128945
  • 2028: $0.087396 - $0.117984

• Key catalysts: Shibarium ecosystem expansion targeting 1 billion transactions in early 2025, increased gas demand from network activity, governance participation through Doggy DAO, and market sentiment stabilization.

Long-term Investment Outlook (Is BONE a good long-term investment?)

• Base case scenario: $0.105457 - $0.129793 (corresponding to steady ecosystem adoption and governance utility expansion)
• Optimistic scenario: $0.150 - $0.200+ (corresponding to major mainstream adoption and favorable market conditions)
• Risk scenario: $0.050 - $0.075 (extreme market downturn or reduced Shibarium network activity)

View BONE long-term investment and price forecasts: Price Prediction

2025-12-31 - 2030-12-31 Long-term Outlook

• Base case: $0.105 - $0.130 USD (corresponding to steady ecosystem development and sustained governance participation)
• Optimistic case: $0.150 - $0.250 USD (corresponding to large-scale Shibarium adoption and favorable market environment)
• Transformative case: $0.300+ USD (if ecosystem achieves breakthrough progress and achieves mainstream adoption)
• 2030-12-31 forecasted high: $0.129793 USD (based on conservative optimistic development assumptions)

Disclaimer

This analysis is provided for informational purposes only and should not be construed as investment advice. Cryptocurrency markets are highly volatile and subject to regulatory uncertainty. Past performance does not guarantee future results. All price predictions contain inherent uncertainties and should be used with caution.

BONE (Bone ShibaSwap) Investment Analysis Report

I. Executive Summary

Coin Name: Bone ShibaSwap (BONE)
Current Price: $0.08282
Market Capitalization: $20,696,058.32
Market Rank: #851
Circulating Supply: 249,892,034.74 / 250,000,000 (99.96%)
24h Trading Volume: $38,912.78
Date of Analysis: December 20, 2025

II. Project Overview

Project Description

BONE serves as the foundational token for Shibarium, a Layer 2 ecosystem network built by the ShibArmy community. The token is designed to fulfill multiple critical functions within the Shibarium ecosystem:

• Gas Payment: Primary utility for transaction fees on Shibarium network
• Validator Participation: Used for validator voting and node rewards
• Governance: Serves as the governance token for ShibaSwap ecosystem, enabling Shib Army members to vote on proposals through Doggy DAO
• Voting Weight: Token holders exercise voting power proportional to their BONE holdings in ecosystem decisions

Token Economics

Historical Price Performance

III. Market Analysis

Price Performance Dynamics

BONE demonstrates significant long-term depreciation, with a year-over-year decline of 82.16% from higher historical valuations. The token has contracted from its all-time high of $15.50 to current trading levels near $0.08, representing a 99.5% decline from peak valuation.

Market Position

• Market Dominance: 0.00064%
• Fully Diluted Valuation: $20,704,950.46
• 24h High/Low Range: $0.08533 / $0.08072
• Market Cap to FDV Ratio: 99.96% (indicating minimal inflation expectation)

Liquidity Metrics

• Trading volume remains moderate at $38,912.78 in 24-hour activity
• Limited exchange availability (13 platforms) suggests moderate market accessibility
• Token holder base of 94,070 represents a dispersed ownership structure

IV. Investment Strategy and Risk Management

Investment Methodology

Long-Term Holding (HODL BONE): Suitable for conservative investors seeking ecosystem participation and governance rights within the Shibarium network. This approach prioritizes patient capital allocation aligned with Layer 2 adoption cycles.

Active Trading: Dependent on technical analysis and short-term price fluctuations. Given the token's high volatility profile, traders should employ strict entry/exit disciplines and position sizing protocols.

Risk Management Framework

Asset Allocation Ratios:

• Conservative Portfolio: 1-3% allocation to BONE within altcoin basket
• Aggressive Portfolio: 5-10% allocation for speculative positioning
• Institutional Investors: Strategic allocation determined by ecosystem exposure thesis

Risk Mitigation Strategies:

• Diversified cryptocurrency portfolio combining layer 1 and layer 2 protocols
• Hedging through stablecoins or inverse derivatives
• Dollar-cost averaging (DCA) to reduce timing risk

Secure Storage Solutions:

• Cold storage (hardware wallets) for long-term holdings
• Hot wallets limited to active trading amounts only
• Multi-signature wallets for institutional holdings

V. Investment Risks and Challenges

Market Risks

• Extreme Volatility: Historical range from $0.0770 to $15.50 demonstrates pronounced price instability
• Low Liquidity Depth: Moderate 24-hour trading volume relative to market capitalization creates slippage risk
• Price Manipulation Risk: Dispersed holder base and limited exchange availability increase vulnerability to coordinated trading activity

Regulatory Risks

• Jurisdictional Uncertainty: Varying regulatory frameworks across different countries regarding Layer 2 tokens and governance mechanisms
• Securities Classification: Potential reclassification as security token depending on regulatory evolution
• Compliance Requirements: Future regulatory mandates could impact token utility and tradability

Technology Risks

• Network Security: Shibarium infrastructure security vulnerabilities could compromise token utility
• Protocol Failures: Failed network upgrades or technical implementation errors
• Scalability Challenges: Layer 2 network congestion or performance degradation
• Smart Contract Vulnerabilities: Exploits in governance mechanisms or token contracts

Ecosystem Risks

• Community Dependency: Project relies heavily on sustained ShibArmy community engagement
• Governance Dilution: Token voting rights subject to potential governance attacks or voter apathy
• Adoption Uncertainty: Shibarium network adoption rate remains unproven at scale

VI. Conclusion: Is BONE a Good Investment?

Investment Value Assessment

BONE represents a speculative Layer 2 ecosystem governance token with limited proven utility at current adoption stages. The 82.16% year-over-year decline indicates significant valuation repricing from historical peaks. Investment merit depends heavily on Shibarium network adoption acceleration and sustained community participation in governance mechanisms.

Investor Recommendations

✅ Retail Investors (Beginners):

• Implement dollar-cost averaging strategy to build positions gradually
• Maintain holdings exclusively in secure self-custody wallets
• Limit allocation to 1-3% of altcoin portfolio exposure
• Focus on 12-24 month investment horizons

✅ Experienced Investors:

• Execute waves trading strategy exploiting 7-day and 30-day volatility cycles
• Implement technical analysis entry/exit triggers
• Maintain diversified altcoin exposure including multiple Layer 2 protocols
• Utilize risk management stops at 15-20% loss thresholds

✅ Institutional Investors:

• Develop strategic allocation framework tied to Shibarium network metrics (validator count, transaction volume, TVL)
• Negotiate direct token acquisition for governance participation rights
• Structure positions to align with ecosystem infrastructure maturation timelines
• Monitor regulatory developments affecting Layer 2 classification

Risk Disclaimer

⚠️ Important Notice: Cryptocurrency investments carry substantial financial risk including potential total capital loss. BONE exhibits extreme volatility, limited liquidity depth, and unproven long-term utility. This analysis is provided for educational purposes only and does not constitute investment advice, financial recommendation, or solicitation to purchase. Conduct independent research and consult qualified financial advisors before making investment decisions. Past performance does not guarantee future results.

Report Generation Date: December 20, 2025
Data Source: Cryptocurrency Market Data Provider
Language: English

Bone ShibaSwap (BONE) Investment Analysis - Frequently Asked Questions

I. FAQ

Q1: What is the current investment status of Bone ShibaSwap (BONE) as of December 20, 2025?

A: As of December 20, 2025, BONE is trading at $0.08282 USD with a market capitalization of approximately $20.7 million, ranking #851 by market cap. The token demonstrates a circulating supply of 249.89 million BONE (99.96% of maximum supply), with 94,070 active token holders across 13 global exchanges. Current 24-hour trading volume stands at $38,912.78, indicating moderate market liquidity. The token has experienced significant depreciation, declining 82.16% over the past year and 99.46% from its all-time high of $15.50 achieved in July 2021.

Q2: What are the primary utility functions of BONE within the Shibarium ecosystem?

A: BONE serves multiple critical functions within the Shibarium Layer 2 network: (1) Gas Payment - used for transaction fees on the Shibarium network, (2) Governance Participation - enables voting rights within the Doggy DAO governance framework, (3) Validator Participation - supports validator voting mechanisms and node reward distribution, and (4) Ecosystem Governance - grants voting weight proportional to token holdings. These utilities position BONE as a foundational asset for ecosystem participation rather than purely speculative investment.

Q3: What are the key risks associated with BONE investment?

A: Primary investment risks include: Market Volatility - extreme price fluctuations with historical range from $0.077 to $15.50 creating execution challenges; Liquidity Constraints - limited 24-hour trading volume ($38,912.78) relative to market capitalization increases slippage risk; Regulatory Uncertainty - potential securities classification changes affecting token tradability; Technology Risks - Shibarium infrastructure vulnerabilities or protocol failures; Ecosystem Dependency - token value directly correlates with Shibarium adoption rates and community participation levels; and Adoption Uncertainty - unproven network scalability at production scale.

Q4: Is BONE a suitable long-term investment, and what are the price forecasts through 2030?

A: BONE represents a speculative long-term investment suitable primarily for risk-tolerant investors. Price forecasts through 2030 present three scenarios: Base Case - $0.105-$0.130 USD (corresponding to steady ecosystem development), Optimistic Case - $0.150-$0.250 USD (corresponding to large-scale Shibarium adoption), and Transformative Case - $0.300+ USD (corresponding to mainstream adoption breakthrough). Conservative investors should maintain allocation limits of 1-3% within altcoin portfolios, while experienced investors may allocate 5-10% for speculative positioning. Long-term investment merit depends heavily on Shibarium network adoption acceleration and sustained governance participation.

Q5: How does BONE's supply structure affect its investment potential?

A: BONE operates under a fixed maximum supply of 250 million tokens with circulating supply currently at 249.89 million (99.96% circulation ratio). This advanced distribution stage significantly limits scarcity-based price appreciation mechanisms, as the token lacks substantial supply inflation potential. The near-complete supply circulation means future price appreciation depends primarily on demand factors and ecosystem utility expansion rather than supply reduction dynamics. This supply structure eliminates future dilution concerns but also removes scarcity as a value driver.

Q6: What investment strategies are recommended for different investor profiles?

A: Retail Investors (Beginners) should implement dollar-cost averaging strategies with 1-3% portfolio allocation, maintaining holdings in secure self-custody wallets with 12-24 month investment horizons. Experienced Investors can execute wave trading strategies exploiting 7-day and 30-day volatility cycles while implementing technical analysis entry/exit triggers with 15-20% loss thresholds. Institutional Investors should develop strategic allocation frameworks tied to Shibarium network metrics (validator count, transaction volume, TVL), negotiate direct token acquisition for governance rights, and structure positions aligned with ecosystem infrastructure maturation timelines while monitoring regulatory developments.

Q7: What catalysts could drive BONE price appreciation in the medium-term (2026-2028)?

A: Key mid-term catalysts include Shibarium ecosystem expansion targeting 1 billion transactions in early 2025, increased gas demand from expanding network activity, enhanced governance participation through Doggy DAO voting mechanisms, market sentiment stabilization following extended downtrend, validator participation growth, and institutional adoption of Layer 2 infrastructure. Mid-term price forecasts project ranges of $0.0777-$0.0946 (2026), $0.0475-$0.1289 (2027), and $0.0874-$0.1180 (2028), representing potential recovery scenarios dependent on ecosystem development momentum.

Q8: What security and custody practices are recommended for BONE holdings?

A: Long-term BONE holdings should be stored exclusively in cold storage solutions such as hardware wallets to minimize counterparty risk and prevent exchange hacking exposure. Hot wallets should be limited to active trading amounts only, with strict operational security protocols implemented. Institutional investors should utilize multi-signature wallet arrangements requiring multiple authorization keys for transaction execution. All holders should implement secure password management, enable two-factor authentication on exchange accounts, maintain backup recovery phrases in secure locations, and conduct regular security audits. BONE contract verification on Etherscan (address: 0x9813037ee2218799597d83D4a5B6F3b6778218d9) is recommended before executing any transactions.

Disclaimer: This FAQ is provided for informational and educational purposes only. It does not constitute investment advice, financial recommendation, or solicitation to purchase BONE tokens. Cryptocurrency investments carry substantial financial risk including potential total capital loss. BONE exhibits extreme volatility and unproven long-term utility. Conduct independent research and consult qualified financial advisors before making investment decisions. Past performance does not guarantee future results.