- Binance’s latest announcement renews hopes of Bone ShibaSwap’s listing.
- Shiba Inu community’s continuous efforts pay off with a 7% pump for BONE.
- BONE offers dual utility for Shibarium L2 as governance and gas fee tokens.
Cryptocurrency exchange Binance has pledged to take the lead in engaging smaller crypto projects in its latest announcement. According to Binance’s message on May 20, 2024, the market is saturated with new crypto tokens with high starting valuations and low circulating supply. In order to balance out the scales, Binance is now officially inviting high-quality teams and projects to submit applications for their listing programs.
This offer from Binance includes perks like Launchpools, Megadrops, direct listing on the platform, and on-demand technical support from Binance’s professional staff. The requirements for these new crypto projects mostly revolve around strong fundamentals, an organic community base, and a dedicated executive team with a responsible approach to the blockchain industry.
Is Shiba Inu’s BONE Next on Binance?
Meanwhile, Shiba Inu’s community took the news well, as Bone ShibaSwap (BONE) has been constantly at the center of attention across social media channels for over a year. The constant polite requests by prominent SHIB Army members have taken different shapes and forms: daily tweets, mentions of Binance’s founder and ex-CEO Changpeng ‘CZ’ Zhao, and even an official petition for Binance to list Bone ShibaSwap on Change.org.
On top of that, Binance released the Futures NEXT pool, where customers can cast their votes on small-to-mid-cap cryptocurrencies that could land on Binance’s spot markets. Currently, Shiba Inu’s BONE has been picked by 684 participants. Encircling 16,765 Picks at the minute, BONE takes up the 10th spot.
Shiba Inu’s BONE Digs Up 7% Gains
While the latest Binance announcement has sparked enthusiasm among Shiba Inu’s BONE custodians, the BONE on Binance listing details remain speculative. While no confirmation has been given, Shibarium’s BONE picked up 7% gains over the past 24 hours to briefly retest the $0.65 price range.
As of press time, BONE is trading at $0.6458, completing a 12.7% run over the past 7-day period. Meanwhile, Shiba Inu Ecosystem’s main token embarked on a 6.2% rally during the same time frame. Currently, SHIB is changing hands at $0.00002559, according to CoinGecko.
On the Flipside
- Despite the consistent requests from the SHIB Army to list Shibarium’s gas fee token, other canine peers like Baby DogeCoin (BABYDOGE) and Vita Inu (VINU) are ranked higher at #4 and #6, respectively.
- Even though Bone ShibaSwap (BONE) is unavailable on Binance or Coinbase, several major crypto exchanges, such as OKX, MEXC Global, HTX Gate.io, and Bitget, have already listed Shibarium’s BONE.
Why This Matters
After a year of piling requests on social media by the Shiba Inu community, Binance’s exchange acknowledged the organic community’s power and set up a fair system to vote for the most promising altcoins with listing potential.
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