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

BONE is an important asset in the cryptocurrency field. As of December 2025, BONE has a market cap of approximately $21.05 million, with a circulating supply of around 249.89 million tokens, currently trading at $0.0842. As the governance and utility token of the Shibarium ecosystem, BONE serves multiple functions including gas payments on the Shibarium network, validator voting, node rewards, and enabling the ShibArmy community to participate in governance decisions through the Doggy DAO. With these core functionalities, BONE has become a focal point when investors discuss "Is Bone ShibaSwap (BONE) a good investment?" This article will provide a comprehensive analysis of BONE's investment value, historical price performance, future price outlook, and investment risks to serve as a reference for investors.

Bone ShibaSwap (BONE) Comprehensive Research Report

I. Bone (BONE) Price History Review and Current Investment Value Status

Historical Price Performance and Investment Returns

Based on available data, BONE has experienced significant price volatility since its launch:

• July 2021: Token launched with initial distribution on ShibaSwap, marking the beginning of the BONE ecosystem integration within the Shiba Inu community.

• July 7, 2021: Reached all-time high (ATH) of $15.50 USD, representing peak investor enthusiasm during the early ecosystem expansion period.

• August 13, 2021: Declined to all-time low (ATL) of $0.077, demonstrating extreme market correction and volatility characteristic of emerging ecosystem tokens.

• 2021-2025 Period: Long-term downtrend with -81.89% year-over-year decline, indicating sustained bearish pressure and reduced market interest.

Current BONE Investment Market Status (December 20, 2025)

View real-time BONE market data: ShibaSwap Official

II. Project Overview and Ecosystem Role

Core Functionality and Purpose

BONE serves as the foundational governance and utility token for the Shibarium ecosystem, built by the ShibArmy community. The token fulfills multiple critical functions:

• Gas Payment: Used for transaction fees within the Shibarium network
• Validator Operations: Powers validator participation and network security mechanisms
• Node Rewards: Distributes incentives to network participants
• Governance: Enables ShibArmy members to vote on ecosystem proposals through the Doggy DAO governance structure

Ecosystem Positioning

BONE occupies a unique position within the Shiba Inu ecosystem as:

• Governance token for ShibaSwap decentralized exchange platform
• Foundation layer for Shibarium Layer 2 network expansion
• Voting mechanism enabling community members to influence protocol development and future token integration decisions

III. Market Structure and Supply Dynamics

Token Distribution

The near-complete circulation (99.96%) relative to maximum supply indicates minimal future dilution from new token issuance.

IV. Network and Chain Information

Blockchain Integration

• Primary Chain: Ethereum (ETH)
• Contract Address: 0x9813037ee2218799597d83D4a5B6F3b6778218d9
• Secondary Scan: Shibarium network explorer available
• Official Platform: ShibaSwap decentralized exchange

V. Price Performance Analysis

Short-Term Volatility Metrics

Historical Price Range

• 24-Hour High: $0.08533
• 24-Hour Low: $0.08072
• All-Time High: $15.50 (July 7, 2021)
• All-Time Low: $0.077 (August 13, 2021)
• Current Price: $0.0842 (99.46% below ATH)

VI. Liquidity and Market Participation

Trading Characteristics

• Total 24-hour volume: $38,109.15 USD
• Current market capitalization: $21,040,909.33 USD
• Market cap to FDV ratio: 99.96% (indicating full valuation realization)
• Presence on 13 cryptocurrency exchanges

Market Emotion Indicator

Market sentiment reading: 1 (on standard scale), suggesting neutral to slightly positive short-term positioning despite significant long-term losses.

VII. Risk Considerations

Based on the data presented, key risk factors include:

• Extreme Drawdown: 81.89% year-over-year decline indicates substantial value erosion
• Concentration Risk: Limited trading volume relative to market cap suggests potential liquidity constraints
• Ecosystem Dependency: Token value directly tied to Shibarium network adoption and governance utility
• High Volatility: Historical price swings from $15.50 to $0.077 demonstrate extreme price instability

VIII. Information Resources

Official Channels:

• Website: https://shibaswap.com
• Shibarium Explorer: https://www.shibariumscan.io/
• Ethereum Verification: https://etherscan.io/token/0x9813037ee2218799597d83D4a5B6F3b6778218d9
• Social Media: https://twitter.com/shibtoken

Last Updated: December 20, 2025, 13:21:39 UTC

This report is compiled for informational purposes based on available market data. Historical performance does not indicate future results. The cryptocurrency market exhibits high volatility and substantial risk.

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 serve as the foundation for the Layer 2 network built by the ShibArmy community. As of December 20, 2025, BONE is trading at $0.0842 with a market capitalization of $21.04 million and a 24-hour trading volume of $38,109.15. The token has experienced significant price depreciation, declining 81.89% over the past year and 12.24% over the last 30 days, though it showed a modest 3.46% gain in the last 24 hours.

II. Core Factors Affecting Whether Bone ShibaSwap (BONE) is a Good Investment

Supply Mechanism and Scarcity (BONE Investment Scarcity)

Token Supply Parameters:

• Maximum Supply: 250,000,000 BONE tokens
• Circulating Supply: 249,892,034.74 BONE tokens
• Circulation Ratio: 99.9568% of total supply

Scarcity Assessment: The token exhibits nearly complete circulation, with 99.96% of maximum supply already in circulation. This near-complete distribution limits the scarcity premium typically associated with assets approaching full dilution. The fully diluted valuation ($21.05 million) is virtually identical to current market capitalization, indicating minimal upside from supply expansion.

Ecosystem and Utility Framework (Technology & Ecosystem for BONE Investment)

Primary Use Cases:

• Gas Payments: BONE serves as the native currency for transaction fees on the Shibarium network
• Network Validation: The token is used for validator voting and node rewards within the Layer 2 infrastructure
• Governance: BONE holders participate in the Doggy DAO, enabling the ShibArmy community to vote on ecosystem proposals and future development decisions

Platform Integration:

• Primary trading venue: ShibaSwap decentralized exchange
• Available on 13 cryptocurrency exchanges
• Network presence: Ethereum (ETH) chain with contract address 0x9813037ee2218799597d83D4a5B6F3b6778218d9

Recent Infrastructure Changes: The ecosystem experienced liquidity reduction following delisting from OKX and ONUS exchanges in July 2025, reducing centralized exchange accessibility. The team has subsequently advocated for a DeFi-first strategy, emphasizing ShibaSwap and bridge protocols for token utility and accessibility.

Market Performance and Price Trends

Current Valuation Metrics:

• Current Price: $0.0842
• 24-Hour Range: $0.08072 - $0.08533
• Market Rank: #845

Historical Price Context:

• All-Time High: $15.50 (July 7, 2021)
• All-Time Low: $0.077 (August 13, 2021)
• Current Price vs. ATH: 99.46% decline

Price Movement Analysis:

Key Observation: While the token shows short-term volatility (positive movement in 1-hour and 24-hour periods), the medium to long-term trend is decidedly negative, with substantial losses over 7-day through 12-month timeframes.

Market Sentiment and Institutional Participation

Community Engagement:

• Active Holders: 94,070 addresses
• Market Emotion Indicator: Neutral (value: 1)

Sentiment Overview: Market sentiment remains mixed regarding BONE as an investment. Various technical analyses and price predictions show diverging views on near-term and medium-term performance.

III. Price Prediction Landscape

Market analysts present contrasting forecasts for BONE's 2025-2026 performance:

Bullish Projections:

• Maximum expected price by end of 2025: $0.10702
• Long-term bullish scenario projects BONE could reach $2.28 in 2025
• 2027 projection: Potential increase of 147.99% to approximately $0.28

Bearish Projections:

• Multiple technical indicators signal bearish trends for 2025
• CoinCheckup forecasts 11.22% decline to $0.06941 by January 16, 2026
• Strong Sell signals from moving average analysis

Notable Factors:

• Liquidity constraints following exchange delistings limit price discovery mechanisms
• Community predictions show extreme variance, ranging from conservative to highly optimistic scenarios

IV. Key Risks and Considerations

Liquidity Risk: The July 2025 delistings from major centralized exchanges reduced market accessibility and liquidity, concentrating trading activity on decentralized platforms and limiting mainstream participation.

Price Volatility and Market Confidence: Despite holding governance and utility functions within the Shibarium ecosystem, BONE has experienced severe depreciation from historical highs, suggesting either fundamental challenges or market sentiment headwinds.

Ecosystem Dependency: BONE's value proposition is directly tied to Shibarium's adoption and development progress. The ecosystem's success in attracting users and developers to the Layer 2 network remains uncertain.

V. Conclusion

Whether Bone ShibaSwap (BONE) represents a sound investment depends on individual risk tolerance and belief in the Shibarium ecosystem's long-term viability. The token operates with full supply circulation, exhibits significant historical losses, and faces liquidity constraints. Market predictions remain divided between bullish and bearish scenarios. Investors should conduct thorough due diligence and consider BONE as a high-risk, speculative asset within the broader cryptocurrency landscape.

Data Sources:

• Market data as of December 20, 2025, 13:21:39 UTC
• Price predictions from multiple third-party analysis platforms
• Contract information from Etherscan and ShibariumScan blockchain explorers
• Website: https://shibaswap.com

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: $0.0544 - $0.0658
• Neutral forecast: $0.0837 - $0.0988
• Optimistic forecast: $0.0988 - $0.1213

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

• Market phase expectations: BONE demonstrates projected recovery momentum with anticipated growth rates between 8% to 28% through 2028, though market sentiment remains cautious amid broader cryptocurrency volatility.
• Investment return predictions:
  • 2026: $0.0684 - $0.1213
  • 2027: $0.0967 - $0.1105
  • 2028: $0.0564 - $0.1138
• Key catalysts: Shibarium ecosystem expansion, projected transaction volume growth to 1 billion transactions by early 2025, governance participation through Doggy DAO, and gas fee demand dynamics on the layer-2 network.

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

• Base scenario: $0.0831 - $0.1223 (assumes steady Shibarium adoption and stable governance participation)
• Optimistic scenario: $0.1336 - $0.1735 (assumes accelerated ecosystem growth and mainstream DeFi integration)
• Risk scenario: $0.0544 - $0.0883 (reflects potential security incidents, regulatory headwinds, or ecosystem setbacks)

For BONE long-term investment and price predictions, visit: Price Prediction

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

• Base scenario: $0.0831 - $0.1223 USD (corresponding to steady ecosystem development and incremental mainstream adoption)
• Optimistic scenario: $0.1336 - $0.1735 USD (corresponding to large-scale Shibarium utilization and favorable market conditions)
• Transformative scenario: $0.1735 USD and above (contingent on breakthrough ecosystem developments and widespread protocol adoption)
• 2030-12-31 forecast high point: $0.1735 USD (based on optimistic development assumptions)

Disclaimer

This analysis is based on available market data and historical price predictions from multiple sources. All forward-looking statements involve risks and uncertainties. Actual results may differ materially from projections. Cryptocurrency markets remain highly volatile and subject to regulatory, technical, and systemic risks. This information is for analytical purposes only and does not constitute investment advice.

BONE (Bone ShibaSwap) Investment Analysis Report

I. Executive Summary

BONE is the governance and utility token of the ShibaSwap ecosystem, serving as the foundation for Shibarium, a Layer 2 network built by the ShibArmy community. As of December 20, 2025, BONE trades at $0.0842 with a market capitalization of approximately $21.05 million, ranking 845th globally among cryptocurrencies.

Key Metrics (As of December 20, 2025)

II. Tokenomics & Supply Dynamics

Supply Structure

BONE exhibits a highly mature supply distribution with 99.96% of tokens already in circulation. The token's design reflects equilibrium positioning between the broader Shiba ecosystem's core tokens (SHIB and LEASH).

• Circulating Supply: 249,892,034.74 BONE (99.96% of total)
• Maximum Supply: 250,000,000 BONE (capped, deflationary mechanism potential)
• Market Cap-to-FDV Ratio: 99.96% (indicating minimal dilution risk from future token releases)

Distribution & Holders

With 94,070 token holders across 13 exchanges, BONE demonstrates moderate decentralization. However, the concentration patterns relative to total holders warrant consideration for institutional adoption assessment.

III. Price Performance & Market Dynamics

Historical Price Action

Recent Performance Trends

• 1-Hour: +0.86% ($0.000718 gain)
• 24-Hour: +3.46% ($0.00282 gain)
• 7-Day: -8.53% ($0.00785 decline)
• 30-Day: -12.24% ($0.01174 decline)
• 1-Year: -81.89% ($0.3807 decline)

Technical Range (24-Hour)

• High: $0.08533
• Low: $0.08072
• Trading Volume: $38,109.15 (indicating modest liquidity)

IV. Investment Strategy & Risk Management

Investment Methodologies

Long-Term Holdings (HODL BONE) Suitable for investors with strong conviction in the Shibarium ecosystem's long-term development and governance participation benefits. Long-term holders may benefit from:

• Voting rights through Doggy DAO on ecosystem proposals
• Potential utility expansion as Shibarium matures
• Network validation and reward participation

Active Trading For experienced traders, BONE's price volatility presents technical trading opportunities:

• Wave trading between support ($0.077) and resistance zones
• Technical analysis-based entry/exit strategies
• Short-term momentum exploitation given 3.46% daily swings

Risk Management Framework

Asset Allocation Guidance

• Conservative Investors: BONE should represent <1-2% of portfolio, allocated alongside stablecoin or low-volatility assets
• Aggressive Investors: May increase to 3-5% allocation with diversified altcoin exposure
• Professional Investors: Strategic positioning within broader Web3/Layer 2 infrastructure thesis, typically <3% core allocation

Risk Hedging Strategies

• Multi-asset portfolio diversification incorporating Bitcoin, Ethereum, and established altcoins
• Stablecoin reserve maintenance to capitalize on volatility dips
• Correlation monitoring with broader Shiba ecosystem (SHIB, LEASH)

Secure Storage Solutions

• Hot wallets: MetaMask, Trust Wallet for active trading (minimal holdings recommended)
• Cold Storage: Ledger Nano S/X or Trezor for long-term holdings
• Exchange Storage: Avoid for significant holdings; use only for active liquidity pairs

V. Investment Risks & Challenges

Market Risks

• Extreme Volatility: 81.89% decline over 12 months demonstrates severe price pressure and speculative trading patterns
• Liquidity Constraints: $38K daily volume creates slippage risk for large transactions
• Price Manipulation: Concentrated holder base may enable pump-and-dump dynamics

Regulatory Risks

• Governance Classification Uncertainty: Regulatory treatment of governance tokens varies significantly across jurisdictions
• DeFi Compliance: Evolving regulations on decentralized exchanges and protocol governance may impact token utility
• Geopolitical Factors: Different countries' cryptocurrency policies create operational uncertainties for Shibarium infrastructure

Technology & Ecosystem Risks

• Shibarium Adoption Risk: BONE's utility depends critically on Shibarium Layer 2 network adoption and user migration
• Smart Contract Vulnerabilities: Layer 2 infrastructure subject to undiscovered security vulnerabilities
• Network Congestion: Shibarium's capacity and performance remain unproven at scale
• ShibaSwap Protocol Risk: DeFi protocol sustainability and yield viability in declining market conditions

Concentration & Community Risks

• Meme Token Heritage: BONE remains associated with meme token community, affecting institutional adoption
• Development Pace: Ecosystem innovation speed relative to competing Layer 2 solutions and governance tokens
• Community Sentiment: Social media-driven price volatility and coordination risks

VI. Conclusion: Is BONE a Good Investment?

Investment Value Assessment

BONE presents a high-risk, speculative investment profile with conditional long-term potential.

Positive Factors:

• Native governance and utility within expanding Shibarium ecosystem
• Capped supply with minimal future dilution
• Established community and cross-exchange listing

Negative Factors:

• Severe 81.89% annual decline indicating sustained bear pressure
• Meme token association limiting institutional credibility
• Unproven Layer 2 network scaling and adoption

Investor Recommendations

✅ Newcomers: Dollar-cost averaging approach into small positions (0.5-1% portfolio) + hardware wallet custody for long-term holdings exclusively. Avoid lump-sum purchases during high volatility periods.

✅ Experienced Traders: Technical analysis-based wave trading within identified support/resistance bands ($0.077-$0.085 range). Maintain strict stop-loss discipline given volatility. Short-term speculation only, with position sizing <2% portfolio.

✅ Institutional Investors: Strategic Layer 2 ecosystem thesis positioning possible, but recommend waiting for Shibarium maturation metrics (TVL growth, transaction volume, DeFi yield sustainability) before significant allocation. Position sizing <3% within blockchain infrastructure allocation tier.

⚠️ Disclaimer: Cryptocurrency investments carry substantial risk including potential total loss of capital. BONE exhibits extreme volatility and speculative characteristics. This report provides informational analysis only and does not constitute investment advice, financial recommendations, or solicitation to purchase. Conduct independent due diligence and consult qualified financial advisors before making investment decisions. Past performance does not guarantee future results.

Report Generated: December 20, 2025
Data Sources: Gate, Etherscan, Shibarium Ecosystem Data

Bone ShibaSwap (BONE) Frequently Asked Questions

I. Project and Technology

Q1: What is Bone ShibaSwap (BONE) and what is its primary function?

A: BONE is the governance and utility token of the Shibarium ecosystem, a Layer 2 network built by the ShibArmy community. The token serves multiple critical functions: gas payments for transactions on the Shibarium network, validator voting and node rewards for network security, and governance voting through the Doggy DAO, enabling the community to influence protocol development and ecosystem decisions.

Q2: How does BONE differ from other Layer 2 governance tokens?

A: BONE distinguishes itself through its integration with the established Shiba Inu ecosystem, operating within ShibaSwap decentralized exchange as the foundational Layer 2 token. Unlike standalone governance tokens, BONE combines governance rights, network utility (gas payments and validation), and ecosystem participation within the broader Shiba token ecosystem, where BONE functions as the governance tier alongside SHIB (utility) and LEASH (scarcity).

Q3: Is BONE still available on major cryptocurrency exchanges?

A: BONE is currently listed on 13 cryptocurrency exchanges, though it experienced delistings from OKX and ONUS in July 2025. The token's strategic direction has shifted toward a DeFi-first approach, emphasizing ShibaSwap and decentralized bridge protocols for accessibility rather than centralized exchange trading. This has resulted in reduced trading liquidity ($38,109.15 in 24-hour volume) but reinforces the token's decentralized positioning.

II. Investment Value and Price Analysis

Q4: Is BONE a good investment in 2025-2026?

A: BONE presents a high-risk, speculative investment profile suitable only for experienced cryptocurrency investors with high risk tolerance. The token has declined 81.89% over the past 12 months and trades at $0.0842, representing a 99.46% loss from its all-time high of $15.50. Investment viability depends entirely on individual conviction regarding Shibarium's long-term adoption success. Conservative investors should limit exposure to <2% of portfolio allocation; aggressive investors may position up to 5% within high-risk allocations. The token exhibits substantial volatility and liquidity constraints that require active management.

Q5: What are the price predictions for BONE through 2030?

A: Market analysts present three scenarios for long-term BONE performance: (1) Base scenario projects $0.0831-$0.1223 through 2030, assuming steady Shibarium adoption; (2) Optimistic scenario forecasts $0.1336-$0.1735, contingent on accelerated ecosystem growth and mainstream DeFi integration; (3) Risk scenario estimates $0.0544-$0.0883, reflecting potential security breaches or regulatory headwinds. By December 2030, optimistic projections reach approximately $0.1735, representing 105% appreciation from current levels, though these forecasts carry substantial uncertainty and should not be considered reliable predictions.

Q6: What caused BONE's significant price decline from $15.50 to $0.0842?

A: BONE's extreme depreciation reflects multiple factors: initial speculative bubble during the 2021 DeFi boom followed by market correction, reduced trading liquidity from exchange delistings in 2025, muted mainstream institutional adoption due to its meme token heritage within the Shiba ecosystem, unproven Layer 2 network scaling metrics, and broader cryptocurrency market bear pressure. The 99.46% decline indicates sustained market skepticism regarding BONE's utility realization and competitive positioning against established Layer 2 governance tokens.

III. Risk Considerations and Market Conditions

Q7: What are the primary risks associated with BONE investment?

A: Critical risks include: (1) Liquidity constraints—with only $38K daily trading volume, significant purchases create substantial slippage; (2) Ecosystem dependency—BONE's value depends entirely on Shibarium's adoption success, which remains unproven; (3) Regulatory uncertainty—governance token classification varies across jurisdictions, creating compliance risks; (4) Technology risk—smart contract vulnerabilities and network scaling challenges could compromise utility; (5) Market concentration—94,070 holders with potential whale dominance enables pump-and-dump dynamics; (6) Reputational association—BONE's connection to meme token culture limits institutional credibility and adoption potential.

Q8: How should investors manage BONE holdings to minimize risk?

A: Implement the following risk management framework: (1) Position sizing—limit BONE to maximum 5% of total cryptocurrency allocation, or <1-2% of overall investment portfolio; (2) Dollar-cost averaging—deploy capital gradually over time rather than lump-sum purchases to reduce timing risk; (3) Secure storage—utilize hardware wallets (Ledger Nano, Trezor) for holdings exceeding $5,000; avoid centralized exchange custody given delisting risks; (4) Portfolio diversification—maintain 60-70% allocation to established assets (Bitcoin, Ethereum) with BONE as speculative component; (5) Stop-loss discipline—establish predetermined exit prices (typically 20-30% below entry) for active positions; (6) Regular monitoring—track Shibarium adoption metrics (transaction volume, TVL growth) as leading indicators of token utility expansion.

Report Generated: December 20, 2025
Disclaimer: This FAQ provides informational analysis based on market data as of December 20, 2025. Cryptocurrency investments carry substantial risk including potential total capital loss. BONE exhibits extreme volatility and speculative characteristics. This content does not constitute investment advice or financial recommendations. Conduct independent due diligence and consult qualified financial advisors before making investment decisions.