Shiba Inu Coin Team Lauds K9 Finance On Major Listing, KNINE Price Soars

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As a researcher with a background in cryptocurrency and blockchain technology, I’m thrilled to see K9 Finance DAO making waves in the Shiba Inu ecosystem. The listing on LBank exchange is a significant milestone for this nascent project, positioning it as the official liquid staking solution for Shiba Inu and the Shibarium blockchain.

In an exciting turn of events for the Shiba Inu (SHIB) community, K9 Finance Decentralized Autonomous Organization (DAO) secured a prominent listing on the LBank cryptocurrency exchange. This means that SHIB will be available for trading on this platform, as confirmed by LBank on May 28, 2024. The Shiba Inu team enthusiastically congratulated K9 Finance for their recent success.

LBank Lists K9 Finance

Beginning March 7, 2024, trading of the KNINE/USDT pair will start in the Innovation Zone, signifying an important achievement for K9 Finance DAO. Recognized as the official liquid staking solution for Shiba Inu and the Shibarium blockchain, K9 Finance DAO introduces its newly launched KNINE token. This token functions based on a stake-to-earn model.

As a holder of KNINE, I will not only benefit from staking but also generate income through the liquid staking product and the DAO. The launch of this innovative liquid staking solution is scheduled for Q3 of 2024, making K9 DAO a trailblazer in this area on the Shibarium blockchain.

The Shiba Inu meme coin community expressed great excitement following the announcement of K9 Finance DAO’s listing. Notable figures within the Shiba Inu team, including Shytoshi Kusama and Kaal Dhairya, who manage the project’s X account, extended their congratulations. They praised K9 Finance DAO in a post, quoting LBank’s announcement: “Congratulations to @K9finance on their new listing! This is yet another triumph for adoption and adds more worth to the #SHIBARMY. Keep up the exceptional work! #PartnerShib.”

The approval from the Shiba Inu group emphasizes the significant role of this listing. K9 Finance DAO’s alignment with the Shibarium blockchain through its initial integration highlights its advantageous position, being the only platform currently offering liquid staking services within that particular ecosystem.

As a crypto investor, I’m excited to share that deposits for KNINE became available on May 27, 2024, at 12:00 UTC. Looking forward to it, withdrawals will follow suit starting May 29, 2024, at the same hour. Additionally, the anticipated listing of KNINE is believed to significantly boost liquidity and adoption, leading to increased engagement within the Shiba Inu ecosystem.

KNINE & Shiba Inu Price

The value of KNINE crypto experienced a substantial increase following LBank’s latest announcement, reaching a high of $0.000028. This marked a considerable jump of 12.5% from its previous closing price of $0.00002488. Despite encountering a bearish trend afterward, KNINE crypto still maintained positive growth.

At present, the cost of KNINE had risen by 0.89%, or $0.00002506, on May 28. Notably, there was a significant increase in trading volume by approximately 42.54% during the previous 24 hours. Simultaneously, Shiba Inu experienced a growth of 0.87%, reaching $0.00002472 at the current moment. The resistance level of $0.000025 is becoming increasingly relevant for Shiba Inu.

Should the Shiba Inu (SHIB) token’s price surpass this current threshold and maintain its upward trend, the next target would be at $0.00003. Additionally, if market conditions remain favorable, a potential rise to $0.00005 could transpire. However, recent data indicates that long position liquidations outnumber short position liquidations by a factor of two, potentially foreshadowing a downward trend.

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2024-05-28 08:40