Cryptocurrency Price Prediction Today Mar 11th: Kucoin and Bone ShibaSwap Surged 6% While Maker and Frax Share Tumbled 10-12%

Cryptocurrency price prediction today Mar 11th: the recent bloodbath in the crypto market triggered by the Silicon Valley Bank crisis has also affected some of the top stablecoins such as USDC, DAI, and USDD. These stablecoins experienced heavy depegging from the $1 value puts an additional strain on the crypto investors.

Timeline of Bone-shibaswap, Frax-share, Kucoin-token

Kucoin exchange's native token, Kucoin [KCS], could face increased selling pressure amidst the current lawsuit. New York's attorney general, Letitia James, has shifted focus to the exchange as part of her spirited crackdown on unregistered cryptocurrency platforms.

Bone ShibaSwap ($BONE), one of the three main tokens within the Shiba Inu ($SHIB) ecosystem, has been listed on a major cryptocurrency exchange backed by the founder of Tron ($TRX) Justin Sun.

Binance CEO Changpeng Zhao, popularly known as "CZ," took to Twitter on Thursday to share that after a mere four hours of sleep, he awoke to some troubling events affecting the cryptocurrency world.

Poloniex took to Twitter to announce the addition of Bone ShibaSwap (BONE), listing the timeline for the same. BONE token deposits will open on March 9, 2023 at 10:00 (UTC); and BONE/USDT trading will commence on March 9, 2023 at 11:00 (UTC).

With the fast-approaching public beta launch of the long-awaited Layer 2 blockchain Shibarium by the team that has founded the Shiba Inu (SHIB) ecosystem, the Bone ShibaSwap (BONE) token has experienced a massive spike due to its announced utility in the upcoming network.

On Wednesday (March 8, 2023), the price of meme-based cryptocurrency $SHIB is surging as the Shiba Inu community eagerly awaits this week's launch of the beta version of Shiba's Layer 2 (L2) scaling solution Shibarium. Here is what Binance Academy says about Shiba Inu ($SHIB): “Shiba Inu (SHIB) is a dog-themed meme cryptocurrency named after a Japanese dog breed.

While the rest of the crypto market is still in a bewildered state, Shiba Inu's BONE, a governance token for the upcoming Shibarium layer 2 blockchain, has surged by over 10% in the last 24 hours.  The rally occurred after Shibarium developers announced earlier today the launch of the Shibarium blockchain later this week.

Shiba Inu's highly anticipated layer-2 scaling solution Shibarium is nearly ready for launch. Shibarium's official Twitter account says the countdown is now on, and liftoff for a beta version of the platform will happen this week.

Crypto.com, a major cryptocurrency trading platform that saw a spot trading volume above $300 million over the past 24-hour period and plays a critical role in the ecosystem, has listed added support for $BONE, one of the tokens within the Shiba Inu ($SHIB) ecosystem.

Shiba Inu (SHIB), the second-largest meme coin in the crypto market, has gained lots of attention lately. With the Shibarium portal going live and the burn rate reaching new heights, investors are hoping for a massive price rally.