Users can now track the price of Bone ShibaSwap (BONE), the Shiba Inu (SHIB) ecosystem management token, on Binance. This has led to speculation that Binance may later list BONE. Here are the details…
SHIB fans can track the price of BONE on Binance
Binance, the world’s largest Bitcoin and altcoin exchange by trading volume; recently enabled price monitoring for Bone ShibaSwap, the Shiba Inu ecosystem management token. Afterward, Shiba Inu supporters began waiting for a potential listing of Bone ShibaSwap on the world’s leading cryptocurrency exchange in terms of trading volume.
Binance has shown its love for the most popular dog-themed token many times over. This month, Binance Learn and Earn offered new users a 100% annual rate of return. It also announced its goal of awarding 45,000 SHIB tokens. Mega has launched a promotion. News of the potential launch of Shibarium is up for debate across all social media platforms. That’s why BONE started getting a lot of attention.
In early June, the Seychelles-based BTCEX Exchange officially announced the listing of Bone ShibaSwap (BONE). BONE will play an important role in Shibarium. It is claimed that the token will provide the functionality needed to process / execute smart contracts and transactions. It will reportedly be used as a native “Gas Token” in the SHIB Layer 2 solution. BONE currently acts as the management token of ShibaSwap. Allows the SHIB military to vote on upcoming proposals. The more BONE a user holds, the more weight their vote will have in these future recommendations.
SHIB has increased significantly in the past week
Meanwhile, SHIB has seen a significant increase in value. Shiba Inu’s native SHIB token rose by nearly half its value last week as cryptocurrency market investors showed enthusiasm during a brief relief rally among the major currencies. SHIB recorded a maximum gain of approximately 48 percent for investors. Therefore, it went from $ 0.000074 last weekend to $ 0.000011 on Wednesday morning.
Much of the jump came during a relief rally in Bitcoin and other major cryptocurrencies on Tuesday. At the time of writing, the token fell to $ 0.000001025 as traders took profits amid a slowdown among the majors. Price charts show support at $ 0.0000082 and resistance at $ 0.0000011 in case there are more bounces. However, SHIB is down 89% from its all-time high reached in October last year. The token currently has a market capitalization of over $ 6 billion.
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