Shiba Inu Executive Highlights BONE Futures Listing in Conjunction with Major Partnership
Shiba Inu’s has announced the upcoming listing of Bone ShibaSwap (BONE) on Weex, a well-known crypto futures exchange. This news has stirred significant excitement in the Shiba Inu community and highlights potential implications for BONE’s market performance.
$BONE Listing and Partnership
Buzz, the founder of K9 Finance, shared this news on the social media platform X. This partnership with Weex marks a significant milestone for the Shiba Inu ecosystem, aiming to promote broader adoption and liquidity for BONE. Additionally, the partnership opens the possibility of Weex adding support for other tokens within the Shiba Inu ecosystem.
Read Also: Price Prediction: Expert Predicts XRP Will Be a Game Changer Once it Hits This Price Point
Despite the buzz, BONE’s price has shown minimal movement over the last 24 hours, experiencing a modest 1.09% increase to $0.4943 on Saturday, July 27. The recent dip in BONE’s price following the Shibarium mainnet launch suggests a “sell-the-news” event, a common occurrence in the crypto market as traders lock in profits.
Conversely, the upcoming futures listing on Weex is expected to enhance liquidity, potentially driving BONE’s price higher. The token briefly touched the $0.50 mark, reaching $0.4993 after an 11% decline earlier in the week. This marginal gain indicates a potential reversal in BONE’s price trajectory.
Future Outlook on Binance Listing
At present, Shiba Inu’s BONE holds the 9th rank with 14,671 picks on Binance Futures Next, drawing interest from 645 users. There is speculation surrounding BONE’s potential listing on the Binance exchange, following the developers’ decision to renounce the smart contract and reallocate the remaining locked BONE to validator rewards, effectively decentralizing the token and bolstering its appeal.
While the Shiba Inu community eagerly awaits this listing, the outcome remains uncertain. Users can predict tokens they believe will be listed next on Binance Futures Next, but the platform has clarified that ranks do not guarantee a listing. The crypto exchange will conduct thorough checks before considering any listing.
Read Also: Ripple Takes the Lead in $1.5B Cryptocurrency Token Unlock in August
Follow us on Twitter, Facebook, Telegram, and Google News
Dr. Olajide Samuel juggles the demands of medical studies with a passion for cryptocurrency. A seasoned blogger, Olajide shares his vast global knowledge of the crypto space, offering insights to enthusiasts. Despite his busy schedule, his commitment to crypto remains strong, and he actively seeks ways to contribute to its future.
