CoinPedia Markets, a leading cryptocurrency platform, has made a prediction about the potential listing of Bone ShibaSwap (BONE) on Binance, the popular crypto exchange. According to a recent Medium post, CoinPedia Markets believes that Binance, which has a user base of over 170 million, could list BONE in 2024 along with nine other popular cryptocurrencies like Baby Dogecoin (BABYDOGE) and Saga (SAGA).
CoinPedia Markets has identified 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 Shibarium, Shiba Inu’s L2 blockchain. This allows BONE holders to participate in governance and have a stake in the ecosystem.
Secondly, CoinPedia Markets highlights the role of BONE in facilitating staking and liquidity, which is important for its potential listing on Binance. High liquidity is valued by crypto exchanges like Binance as it provides a seamless trading experience for users.
The third factor that could contribute to BONE’s listing on Binance is the strong community sentiment surrounding the token. Similar to SHIB, BONE has received support and engagement from the Shiba Inu community. Many enthusiasts have expressed excitement about the potential listing on Binance, which could demonstrate the token’s demand and growth prospects.
Lastly, the renunciation of the BONE contract last year is seen as a significant step towards its listing on Binance. The team behind BONE minted the remaining supply of tokens before renouncing the contract, ensuring that developers cannot manipulate the price of the asset.
The Shiba Inu community has been actively urging 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 low ranking on Binance’s Next Platform, BONE could still be listed ahead of other tokens. Binance has stated that popularity on the Next platform does not guarantee listing on the Futures platform, as all digital assets go through the same evaluation process.
If BONE is listed on Binance this year, it could attract a larger investor base from the exchange’s global user community. However, it’s important to note that this article is for informational purposes only and should not be considered financial advice. Readers are advised to conduct their own research before making any investment decisions.