Shiba Inu Exec Explains Why BONE Isn’t Listed on Binance & Bybit Yet

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As a seasoned researcher with years of experience delving into the intricacies of the cryptocurrency market, I find Lucie’s statements about BONE not being listed on major exchanges quite intriguing. Having closely observed the dynamics of various projects, it’s clear that the lack of financial push from the Shiba Inu community sets SHIB apart from many other tokens.

Lucie, the marketing head of Shiba Inu, has recently explained why the Bone ShibaSwap (BONE) token hasn’t been listed on significant cryptocurrency exchanges yet, even though it plays a significant role within the SHIB ecosystem. On Monday, Lucie disclosed that unlike other projects, the SHIB community did not provide any financial backing for listings.

The ideas expressed by Lucie are quickly gaining widespread attention worldwide, causing unease among investors since the price of the ShibaSwap governance token is almost at its lowest ever on record.

Shiba Inu’s Lucie Rationalizes BONE Not Being Listed On Major Exchanges

On September 16, a post from the marketing team clarified that ShibaSwap’s governance token is not currently listed on prominent exchanges such as Binance and Bybit. According to the marketing lead’s explanation, many exchanges have moved away from helping promising tokens gain traction towards prioritizing profit-making opportunities due to factors like limited liquidity and intense competition, which has led to this shift in focus.

Lucie mentioned that by overlooking some excellent opportunities, they’re missing out on promising tokens. When inquired about the unusual situation where the ShibaSwap token is not listed on prominent exchanges, Lucie explained that it’s because such listings are fee-based and Shib has never paid for such listings.

As an analyst, I’ve observed users expressing concerns about the current position of X’s token, which is close to its all-time low. However, in light of this, it seems prudent that we consider listing it. Nevertheless, I concur with Lucie’s viewpoint: let’s maintain our composure and prioritize organic growth over expensive paid listings.

It seems that the community behind the meme coin with a dog theme is not intending to fund the listing of the ShibaSwap token on prominent exchanges, as Lucie put it, “True progress should stem from strong results and trading activity.

In addition, He Yi, a co-founder of Binance, has recently shared that the exchange is not intending to drive the wave of Meme coin craze. Instead, he highlighted the ongoing trends, including Telegram Play-to-Earn games, as well as other up-and-coming projects.

However, CoinGape Media reported earlier this year that Bone got listed on an Indonesian crypto exchange. This listing brings additional intrigue to the Shiba Inu exec’s statement.

ShibaSwap Token’s Market Performance

Currently, BONE‘s value stood at approximately $0.3894. Over the last 24 hours, it decreased by almost 4%. Today’s lowest and highest points for BONE were $0.386 and $0.4071 respectively.

The weekly graph of the coin showed a decrease of 1.66%, while its yearly chart demonstrated a drop in value by 50%. Furthermore, the coin’s lowest price ever was at $0.2899, but ShibaSwap is now trading 34% higher than that amount. This increase has not fully eased investors’ worries, even as Shiba Inu leaders maintain an optimistic outlook.

Additionally, it’s important to mention that the price of Shiba Inu was approximately 0.00001327 USD, representing a decrease of nearly 3% in the past day. The coin reached its lowest and highest points during this period at 0.00001309 USD and 0.00001386 USD respectively.

It’s worth mentioning that the person in charge of marketing for the meme coin has recently unveiled strategies to increase SHIB burning. As a result, Lucie’s comments have ignited lively debates about the meme token within the worldwide cryptocurrency community.

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2024-09-16 15:38