The Shiba Inu community, also known as the robust and dedicated shib Army, is making significant strides towards securing a listing for Bone ShibaSwap (BONE) on the globally recognized cryptocurrency exchange, Binance. This initiative is spearheaded by Lucie, the marketing lead of the Shiba Inu team, who has successfully galvanized the community towards a common goal.
shib Army’s Strong Presence in Binance’s Next Pool
The community’s campaign leverages the innovative platform of Binance Futures, specifically the Binance Next Pool. Here, community-led initiatives can directly impact potential token listings through a unique system called “Picks.” Participants purchase these Picks for the cost of 1 usdt each and allocate them towards predicting which tokens will be listed on the Binance USD Margin futures market next. Each participant is allowed up to 100 Picks per potential listing, fostering strategic participation.
As of the latest update, Shiba Inuβs BONE has garnered a considerable 19,389 Picks, illustrating the strong support from the shib Army. Lucie, the marketing lead of Shiba Inu, recently took to Twitter to rally her troops and cast their votes for BONE on Binance.
Despite trailing behind other nominated tokens such as Delysium (AGI) and Bittensor (TAO), the collective efforts of the shib Army have the potential to sway the outcome in BONE’s favor.
Binance’s Listing Review Process
The enthusiasm surrounding BONE’s potential listing on Binance is palpable, but the exchange maintains a neutral stance and thorough evaluation process. While community support can influence token nominations, popularity alone does not guarantee a listing on the Futures market.
Binance Futures adheres to meticulous and unbiased evaluation criteria for all assets, ensuring that decisions are made with integrity and due diligence. The exchange clarified that while community support can play a role in token nominations, popularity alone does not determine the listing on the Futures market.
Price Analysis and Market Performance
Recently, the price of BONE has shown impressive growth, with a notable 20% gain within the last 24 hours and an astonishing 75% increase over the past seven days.
Analyzing the BONE/USD chart reveals a bullish trend, with the 20-day Exponential Moving Average (EMA) above longer-term EMAs. This indicates that positive momentum is growing. However, a recent price spike attempted to break above the channel’s upper edge but failed to close above this level.
The Relative Strength Index (RSI) reading of 74.56 suggests potential overbought conditions, indicating a possible forthcoming correction.
The current positioning of the RSI underscores the rejection at the channel’s resistance level, suggesting that BONE’s price may be overextended.
shib Army’s Determined Push for BONE Listing on Binance
The shib Army’s campaign for the listing of BONE on Binance reflects their passionate support and dedication to this project. While the outcome remains uncertain, the collective efforts of community members demonstrate a strong desire to see BONE listed as one of the world’s leading cryptocurrency exchanges.
As the campaign continues, participants eagerly await the outcome of Binance’s thorough evaluation process. Only time will tell whether BONE joins the ranks of listed tokens on the Binance Futures market.
