Shibarium’s core token BONE BONE/USD up more than 18% to hit the $1 mark early Thursday morning.

What happened?: At the time of writing, BONE was trading at $1.10. BONE is the core token of the highly anticipated Shibarium, the Layer 2 upgrade of the Shiba Inu network.

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BONE outperforms meme cryptocurrencies such as Dogecoins DOGE/USD and Shiba Inu SHIB/USD.

DOGE traded at $0.07465, up 3.21%. SHIB traded at $0.000008728, up 5.50% in the last 24 hours, according to Benzinga Pro.

The increase in BONE price can be attributed to Shiba Inu’s main developer, Shytoshi Kusamacongratulates the SHIB community on the Christmas and New Year holidays and assures them that the crucial upgrade will be introduced “very soon”.

BONE is expected to be the dominant token on Shibarium as it will be used to cover transaction costs, which in turn will help increase the SHIB burn rate.

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