CoinPedia Markets, a leading cryptocurrency platform, has made a prediction about the potential listing of Bone ShibaSwap (BONE), the governance token of ShibaSwap, and the Shibarium gas fee on Binance, a popular crypto exchange. In a recent Medium post, CoinPedia Markets projected that BONE could be listed on Binance in 2024, along with nine other popular cryptocurrencies such as Baby Dogecoin (BABYDOGE) and Saga (SAGA).
CoinPedia Markets provided four reasons why Binance might consider listing BONE this year. Firstly, BONE serves as the governance token for ShibaSwap and the official gas token for the Shibarium blockchain. This allows BONE holders to participate in the governance of the ecosystem. Secondly, BONE plays a crucial role in facilitating staking and liquidity, which is highly valued by crypto exchanges like Binance. High liquidity ensures a seamless trading experience for users.
The strong community sentiment surrounding BONE is another factor that could contribute to its potential listing on Binance. Similar to SHIB, BONE has received significant support and engagement from the Shiba Inu community. Many community members have expressed their excitement about the possibility of BONE being listed on Binance, which could demonstrate the token’s demand and growth potential.
The renunciation of the BONE contract last year is also a significant development that could lead to its listing on Binance. The team behind BONE minted the remaining supply of tokens before renouncing the contract. This ensures that no more BONE tokens can be created, preventing developers from manipulating the token’s price.
The Shiba Inu community has actively campaigned for Binance to list BONE. They have launched a petition on Change.org and participated in a campaign to get BONE listed on the exchange. Despite its current ranking of 10th in the Next Pool on Binance Futures’ Next Platform, BONE could still be listed ahead of other higher-ranked tokens. Binance has emphasized that popularity on the Next platform does not guarantee listing on the Futures platform. All tokens go through evaluation assessments for potential listing, regardless of their popularity.
If BONE is listed on Binance this year, it could attract a larger pool of investors from the exchange’s extensive user base of over 170 million. However, it is important to note that this article is for informational purposes only and should not be considered financial advice. Readers are advised to conduct thorough research before making any investment decisions. The views expressed in this article are the author’s personal opinions and do not reflect those of The Crypto Basic. The Crypto Basic is not responsible for any financial losses incurred.