Shibarium testnet achieves an impressive milestone, but what about BONE

ambcrypto.com:

Despite an initial setback, the Shibarium has impressively maintained its momentum, raising hopes for the utility of BONE. Thanks to the correction of its chain ID and updated documentation, transactions on the blockchain have been steadily flowing.

Recently, the Shibarium has achieved a significant milestone in its daily transactions, signaling its continued success.

Read ShibaSwap (BONE) Price Predictions 2023-24

A recent post highlighted some impressive data from the Shibarium testnet, revealing significant milestones achieved by the network.

According to Puppyscan.io, on 28 March, the network witnessed a remarkable 100,000+ transactions on Puppynet alone.

In addition, the number of wallets currently testing the network has now exceeded 100,000, with a current count of 108,577. The total number of transactions performed on the network has surpassed 190,000, indicating a strong and active community behind the Shibarium.

The native token of the Shibarium network, ShibaSwap BONE, has not been idle either. Unfortunately, over the past few days, the token has been experiencing a downtrend on a daily timeframe.

At press time, BONE was trading at approximately $1.05, reflecting a loss of over 1%. The Relative Strength Index was below 32, indicating that the token was caught in a bear trend. 

Source: TradingView

Furthermore, the 30-day Market Value to Realized Value ratio indicated that BONE holders were experiencing a loss, at press time. The ratio for the token had fallen below zero, sitting at -18.73%, at the time of writing. 

Source: Santiment

Despite the recent downtrend and loss experienced by BONE holders, the volume metric for the token painted a slightly different picture.

Since the beginning of the year, BONE has