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Cryptocurrency News Articles
Shiba Inu (BONE) content marketer Lucie has given community members assurance about the long-term prospects of the token
Mar 04, 2025 at 03:08 pm
Amid the Shibarium gas token's underperformance and low adoption, Lucie encouraged investors to exercise patience in her tweet.
Shiba Inu content creator Lucie has been assuring community members about the long-term prospects of BONE amid the Shibarium gas token’s poor performance and low adoption.
As BONE continues to struggle, investors should remain patient, according to Lucie, who drew comparisons with Cardano (ADA) and XRP. Both cryptocurrencies experienced extended periods of stagnation before they saw substantial growth.
“Before you’re giving up on BONE, think of Cardano (2017) or XRP ( 2012) —both were pretty flat for years,” Lucie stated in a recent tweet.
Both Cardano and XRP saw early struggles. (Source: Bankless)
Earlier this year, a Bankless article also touched upon the flat trading phases that new cryptocurrencies often undergo.
When Cardano first launched in 2017, it had a market valuation of $600 million and its token was trading at $0.02. However, data from market tracking resources shows that ADA’s market capitalization has now reached $23.427 billion, highlighting its long-term growth despite initial setbacks.
Meanwhile, XRP started trading at around $0.10 per token in 2012, but it experienced drops in the years that followed before recovering in 2014. At one point, XRP fell to a historical low of $0.002802.
However, its current price of $2.34 and market capitalization of $135.71 billion demonstrate its substantial recovery and long-term growth from the early struggles.
These examples serve as valuable case studies, especially for those who prefer to hold cryptocurrencies for the long term and have faith in a project’s underlying fundamentals, rather than focusing on short-term price fluctuations.
With a market valuation of $63.39 million and 24-hour trading volume of $5.96 million, BONE is currently trading at $0.2536. In the last 24 hours, the token has decreased by 9.83%. Over the past week, it has dropped 6.69%.
Despite recent difficulties, Shibarium’s expanding adoption could serve as a key factor for future growth.
While opinions differ, investors in strong cryptocurrency projects have traditionally benefited from patience, as highlighted by examples like Cardano and XRP.
Long-term holders of BONE might benefit significantly if it follows a similar path to that of Cardano or XRP, an aspect that could be crucial for the future of Shibarium.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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