Shiba Inu (Shiba) news

SHIBA Inu Army’s Vigorous Campaign for BONE Listing on Binance Highlights Strong Community Support

The Shiba Inu community, known as the SHIB Army, has launched a robust campaign aimed at securing the listing of Bone ShibaSwap (BONE) on the globally recognized cryptocurrency exchange, Binance. Led by Lucy, the marketing leader for the Shiba Inu team, the campaign has gained significant momentum as members unite to support the cause.

Strong SHIB Army Presence in Binance Next Pool:

The campaign leverages the innovative Binance Futures platform, Binance Next Pool, allowing community-led initiatives to directly impact potential listings of unique tokens. Participants engage by acquiring “choices” at a cost of 1 USDT each, allocating them to predict which unique tokens will be listed on the Binance USD Margin Futures market afterward. With each participant allowed up to 100 choices per potential listing, the system enhances strategic participation.

As of the latest update, BONE for Shiba Inu has garnered 19,389 choices, indicating substantial support from the SHIB Army.

Community Efforts Elevate BONE’s Position:

Despite lagging behind other unique tokens like Delysium (AGI) and Bittensor (TAO), the collective efforts of the community have the potential to influence the outcome in favor of BONE.

Binance Listing Review Process:

While excitement surrounds the potential listing of BONE, Binance maintains a neutral and precise stance in the listing review process. The exchange clarifies that while community support can impact token nominations, popularity alone does not guarantee listing on the Futures market.

Binance Futures adheres to meticulous and unbiased evaluation standards for all assets, ensuring decisions are made fairly and with due diligence.

Price Analysis and Market Performance:

BONE has recently exhibited strong performance, with notable gains of 20% in the last 24 hours and a remarkable increase of 75% over the past seven days. The chart analysis for BONE/USD reveals an upward trend, with the 20-day Exponential Moving Average (EMA) positioned above the long-term Simple Moving Averages, indicating increasing positive momentum.

While the recent price surge attempted to breach the upper edge of the channel, the failure to close above this level suggests significant channel resistance, possibly leading to a consolidation or correction phase.

Read more Shiba Inu Ecosystem Announces Significant SHIB Token Burn with $155,720 Ethereum Allocation

A Relative Strength Index (RSI) reading of 74.56 indicates potential overbought conditions, signaling a likely imminent correction. The current RSI situation confirms rejection at the channel resistance level, suggesting that the BONE price may be overextended.

SHIB Army’s Diligent Campaign for BONE Listing on Binance:

The Shiba Inu community’s campaign for the BONE listing on Binance reflects emotional support and dedication from the SHIB Army. While the outcome remains uncertain, the collective efforts of community members demonstrate a strong desire to see BONE listed among the leading cryptocurrencies on the Binance Futures market.

As the campaign continues, participants eagerly await the comprehensive evaluation results from Binance, which will determine whether BONE will join the ranks of listed unique tokens on Binance Futures.

Important Notice: Disclaimer Regarding Financial Advice
The information presented in this article is intended solely for informational purposes and should not be considered as financial advice. disclaims any responsibility for investment decisions made by individuals relying on the information provided herein. It is highly recommended to consult with a qualified professional or financial advisor before making any investment decisions. Your financial well-being is crucial, and seeking expert guidance ensures that your investment choices align with your individual financial goals and risk tolerance.

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