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The price of Shiba Inu (SHIB) exploded last week, outpacing the bear market in cryptocurrencies and rivaling Dogecoin. The Shiba community believes that the BONE listing of the Shiba Inu ecosystem on Binance is imminent. Because the exchange brought the token tracking function. Here are the latest developments in the SHIB ecosystem …

Binance adds price tracking feature for BONE

cryptocurrency.com As we reported, the largest cryptocurrency exchange in the world recently added the price tracking feature for BONE. However, the Binance page listing the BONE price clearly states that the coin is not listed on Binance for trading. Conversely, Binance recommends users to purchase BONE using Ethereum on a decentralized exchange. BONE is the management token of the Shiba Inu ecosystem. It will soon be used to pay for transaction costs in Shibarium’s Tier 2 solution. The token awaits the launch of the Shibarium. Therefore, it attracted the attention of investors.

Watch out for these 2 developments: SHIB is expected to explode the price!

ShibArmy is convinced that BONE’s listing on Binance is imminent. This speculation has triggered bullish sentiment among Shiba Inu owners. Last week, SHIB triggered a double-digit price hike. Binance has not released any statements regarding the listing of BONE. As a result, it limited the cryptocurrency’s interaction with users on the platform to its price tracking feature.

Game developer supports SHIB Burn with followers

Travis Johnson, an indie game developer, has invited users to sign up for the Audible test link. The fee collected through Amazon’s referral program will be used to burn Shiba Inu coins. So far, Johnson has raised enough funds to burn 1 million Shiba Inu. Johnson told his Twitter followers that Shiba Inu’s number will increase when registrations are 100, 1,000, or higher.

Shiba Inu’s burn rate increased by 1.405%.

With more and more Shiba Inu cremated every day, there is a huge increase in the cremation rate. According to data from the Shibburn portal, 57.4 million Shiba Inu coins have been burned in the last 24 hours. Therefore, he extracts the coins from the Shiba Inu’s circulating supply. It permanently removes them from circulation by sending them to a dead wallet. The increase in the burn rate has created a bullish sentiment among Shiba Inu holders as the value of the remaining tokens increases. According to Shibburn, 410.37 trillion Shiba Inu have been burned so far.

Ethereum whale receives SHIB worth $ 1.57 million

In the latest bloodbath, an Ethereum whale identified as “BlueWhale0073” received a Shiba Inu worth $ 1.57 million. BlueWhale0073’s acquisition of 163.2 billion Shiba Inu tokens increased SHIB holdings in the investor’s portfolio. Major wallet investors steadily accumulate Shiba Inu during price declines. Increase the number of SHIBs in their portfolio. At the time of purchasing the whale, the Shiba Inu had seen a small drop in price. However, the meme coin continued to trade 87.3% below its all-time high.

Analysts identify the bullish signs on the Shiba Inu price chart

InvestingCube cryptocurrency analysts have detected a clear break from the bearish trend. With a sudden increase in trading volume, analysts confirmed that the Shiba Inu will suffer a breakout. They believe the bulls may point to $ 0.00001200 and $ 0.000018585. FXStreet analysts believe Shiba Inu’s price may face a challenge during its recovery.

Meanwhile, the SHIB price has risen nearly 15% in the past 24 hours. The increase in the price of the coin has also increased its market value. In recent weeks, when the cryptocurrency market took a severe correction, the coin had dropped to 18th place with its market cap. At the time of writing, it has climbed to 12th place. The 7-day increase is also very close to 50%.

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