As a long-time crypto investor, I’ve seen my fair share of market fluctuations and project listings on various exchanges. Binance’s recent call for project applications has piqued my interest, especially regarding the potential listing of BONE, Shiba Inu’s gas token for Shibarium.
The recent request for project submissions by Binance has fueled anticipation among crypto enthusiasts regarding a possible listing of BONE, the gas token associated with Shiba Inu‘s upcoming platform, Shibarium.
Binance Calls for Project Applications to Diversify Market
On Monday, Binance invited applications for new projects looking to list their tokens on its platform. This initiative is intended to foster a broader and more varied marketplace. Binance expressed its dedication to assisting emerging-to-mid-sized projects with solid foundations and vibrant community followings. By nurturing a thriving marketplace, Binance seeks to address the issue of overvalued tokens at launch. The exchange declared, “We are determined to transform this pattern and establish a more diverse marketplace for our customers.”
“Binance’s strategy targets projects with more reasonable valuations compared to industry peers. It places a strong emphasis on community interaction, catering to the needs of individual investors and project constituencies. This methodology is intended to minimize risks linked to expensive debuts.”
As a researcher studying the cryptocurrency market, I’ve observed the persistent calls from the dedicated Shiba Inu community, also known as the Shib Army, to list BONE, the native token of the ShibaSwap platform, on Binance. Despite their long-standing efforts, Binance has yet to respond. However, a recent announcement has rekindled hope and excitement within the community.
As a crypto investor, I’m excited to hear that Binance is committed to backing projects with solid fundamentals, vibrant organic communities, sustainable business models, and determined teams. This announcement invites all sectors to submit their applications. Moreover, Binance prefers projects with reasonable valuations and tokenomics structures that prioritize the needs of their community users.
BONE Price Rises Amid Binance Speculation
Following Binance’s announcement, the value of the BONE token has experienced a significant boost. In the past 24 hours, its price climbed by 6.60%, reaching a new peak of $0.6387. The cryptocurrency’s market capitalization also grew by an identical percentage to $146,845,849. Furthermore, there was a substantial increase in trading volume by 30.66% within the same timeframe, amounting to $6,442,498. The price movement of BONE over the past day displays a low point of $0.5942 and a high point of $0.6388, suggesting a robust upward trend.
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2024-05-21 01:26