Shibarium BONE Token Price Rises 5% for Potential Binance Listing

After their most recent project call, there is talk of a possible Binance listing for Shiba Inu‘s BONE token, which causes its price to climb by 6.60%.

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Key Takeaways:

• The possibility of listing BONE, Shiba Inu‘s Shibarium gas token, has been raised by Binance’s latest call for project submissions.
• By assisting small-to-medium-sized projects with solid fundamentals, Binance hopes to foster a more diversified market ecology.
• In the last day, the value of BONE rose by 6.60% to $0.6387.

There have been rumors floating around that BONE, the gas token for Shiba Inu’s Shibarium, may list on Binance following their most recent call for project applications.

Binance Requests Project Applications to Expand Market

Binance said on Monday that it is accepting project proposals to increase the number of tokens it offers. The goal of this change is to encourage a more varied ecosystem in the market. Binance highlighted its dedication to sustaining medium-to small-sized enterprises that have solid foundations and organic community bases. To alleviate worries about tokens being launched at inflated valuations, Binance is working to create a healthy market environment. “We are dedicated to changing this trend and creating a more inclusive market for our users,” the exchange declared.

Projects with reasonable valuations in comparison to competitors are the focus of Binance’s endeavor. To better suit the needs of both retail investors and the communities affected by the projects, it places an emphasis on community engagement. Launches of significant value are intended to be protected by this method.

The Shiba Inu community, also referred to as the Shib Army, has been pushing for Binance to include BONE ShibaSwap for quite some time. Their cries have been ignored for a long time, but the latest news has sparked renewed excitement.

Binance has made it clear that it will only back initiatives that have solid foundations, genuine community bases, long-term commercial plans, and committed teams. Projects from all industries are encouraged to apply, according to the notice. With a tokenomics structure that puts community members first, Binance focuses on projects with moderate valuations.

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BONE Price Increase Amid Binance Speculation

After Binance made their announcement, the value of the BONE token skyrocketed. Its price reached $0.6387, an increase of 6.60% in the previous day. Also rising by 6.60%, the market cap of the cryptocurrency is now $146,845,849. In addition, there was a 30.66 percent increase, or $6,442,498 in 24-hour trading volume. With a high of $0.6388 and a low of $0.5942, the price performance of BONE over the last 24 hours indicates a strong rising trend.

How to Trade SHIB Futures on BTCC?

Now you can trade SHIB on  BTCC. BTCC supports a diverse selection of cryptocurrencies for trading. This includes popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), and others. BTCC also offers products such as crypto, gold, and tokenized stocks to help investors rationally allocate their assets.

1. Register an Account

Join BTCC now and get up to 10,055 USDT when you deposit and trade. Click the button below to sign up now.

2. Deposit Funds

Once your account is set up, you’ll need to deposit funds into your BTCC account. BTCC may offer various deposit methods such as bank transfers, cryptocurrency deposits, or other payment options. Choose the method that works best for you and follow the instructions provided to deposit funds into your account. BTCC mainly offers USDT margin and future trading. Therefore, you need to buy USDT  before trading.

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3.How to trade SHIB ?

Here are the steps to trade SHIB  on BTCC

1) First, tap “Futures” on the website homepage

2) Select a product you would like to trade from the list here. BTCC currently offers daily and perpetual futures

3) Check time to settlement.  The settlement time of these futures type is different, you can check the time for settlement for each product here.

4) After choosing product, you can decide whther you would like to buy or sell it.  You only need to own USDT to trade USDT-margined futures.  That is to say you can sell BTCUSDT futures without owing any BTC Coin.

5) Then select your order type, and choose your leverage.

If you choose Limit or SL/TP order, you will need to enter your order price here.

Enter the quantity or choose the percentage under the quantity field.

You can also set up stop loss or take profit targets to limit losses or maximise earnings.

6)After everything is set up, Buy or  Sell to play your order. A confirmation window will show up,  check if all info is correct and click [Confirm] to open the position.

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