In the last 24 hours, a few of the top 100 cryptocurrencies by market capitalization have attracted attention. Solana (SOL) and BONE ShibaSwap (BONE) experienced serious rises. Also, LEASH has seen a splash.

Tokens of the SHIB ecosystem skyrocketed
In the cryptocurrency world, the Shiba Inu ecosystem is making waves as governance tokens make significant gains. Bone ShibaSwap (BONE), a Layer 2 Shibarium gas token, has seen a notable surge following hints from Shiba Inu leader Shytoshi Kusama that Shibarium will be released soon. On the 7th, BONE formed a large green candlestick, bouncing from $1.06 to $1.31. The rally continued. At the time of this writing, BONE is trading at $1.39, up 19.64% in the last 24 hours. The Shibarium token itself has also increased by 42% in the last seven days, raising the market value of Bone to $306.3 million and re-entering the top 100 cryptocurrencies.
The Shibarium token has been on a steady rise since hitting as low as $0.665 on June 10. Breaking the key MA 200 barrier of $1.13, which has been holding the price back since mid-March, BONE has reached a nearly four-month high. It was noteworthy that the rise in BONE was accompanied by the rise in the Shiba Inu ecosystem token DogeKiller (LEASH). On July 7, LEASH experienced a significant rise, reaching $343. The token continued to rise, gaining 10.57 percent in the last 24 hours, reaching $333. Over the past week, LEASH has experienced a 15.50 percent increase. As highlighted by Shytoshi Kusama, the introduction of governance for LEASH is seen as an important development that allows token holders to participate actively in shaping their future.
Why did Solana (SOL) rise?
Meanwhile, Solana (SOL) stands out for challenging regulatory concerns raised by the US Securities and Exchange Commission (SEC) with an impressive rally. Despite facing a negative regulatory environment that has led to delistings on platforms like Robinhood, Solana has managed to gain 35 percent in the last three weeks, surprising analysts and investors. On July 8, Solana outperformed other major cryptocurrencies with its price reaching $22.2, an increase of over 13% in 24 hours. It also recorded the highest rate of increase among the top 10 coins by market cap.
Cryptocurrency firm Santiment recently examined Solana's rapid recovery after dropping to $13.9 last month. While factors such as increased controversy and potential speculation surrounding Solana-based NFTs have been noted on Reddit, these do not fully account for the extent of Solana's latest rally. Observers suggested that the potential reopening of the FTX exchange, which faced bankruptcy last year, could contribute to Solana's price surge. FTX's support in the past has led to Solana's rapid growth.
#BountyCreator# #GateioBountyCreator# #ContentStar# #GateioTurns10#