Altcoin
Shiba Inu Exec Spotlights BONE Futures Listing Amid Major Partnership
Shiba Inu’s marketing lead, Lucie, has spotlighted the forthcoming listing of Bone ShibaSwap (BONE) on Weex, a prominent crypto futures exchange. This announcement has generated considerable excitement within the Shiba Inu community and beyond. Moreover, it emphasizes the potential implications for BONE’s market performance.
Shiba Inu’s Bone ShibaSwap Futures Listing
On the social media platform X, K9 Finance founder Buzz shared the news:
“Proud to announce that $BONE will be listed on Weex on July 31. K9 Finance has partnered with #WEEX putting an emphasis on supporting other SHIB projects & Shibarium. #SHIBARMY show your support for this organic listing.”
Moreover, this partnership with Weex underscores a significant milestone for the Shiba Inu ecosystem. It will in promoting broader adoption and liquidity for BONE. Furthermore, due to the partnership, the crypto futures trading platform could also add support for other Shiba Inu ecosystem tokens.
However, despite the heightened buzz, BONE’s price showed minimal movement over the last 24 hours. As of writing, the Shibarium ecosystem token experienced a modest increase of 1.09% to $0.4943 on Saturday, July 27. The Bone ShibaSwap price’s weekly dip suggests that the Shibarium mainnet launch was a typical “sell-the-news” event. Hence, the price dropped as traders locked in profits, a common strategy in the crypto market.
In contrast, the upcoming futures listing on Weex is anticipated to enhance liquidity, potentially driving BONE’s price higher. The token nearly touched the $0.50 mark, peaking at $0.4993 after experiencing an 11% decline earlier in the week. This small gain, though not substantial, suggests a potential reversal in BONE price trajectory.
Also Read: Shiba Inu Coin: 140M SHIB Burnt Weekly Projects Optimism, $0.0000369 Possible?
Is Binance Listing Next?
At press time, Shiba Inu’s BONE held the 9th rank with 14,671 picks on Binance Futures Next, attracting interest from 645 users. This ranking reflects growing anticipation and interest in the token within the crypto community.
Speculation is swirling that BONE might soon be listed on the Binance exchange. This comes after the Shiba Inu developers renounced the smart contract and reallocated the remaining locked BONE to validator rewards. This move effectively decentralized the token, further bolstering its appeal.
However, while the Shiba Inu community eagerly anticipates this listing, the outcome remains uncertain. Binance Futures NEXT feature allows users to predict tokens they believe will be listed next, but the ranks do not guarantee a listing. The crypto exchange has clarified that it will conduct thorough checks before considering any listing.
Also Read: Render Price Soars As Binance Announces Trading Services
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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