Saiba: Four key factors driving Binance to list BONE

Leading crypto platform CoinPedia Markets has published a prediction regarding the potential listing of Bone ShibaSwap (BONE) on Binance. According to a recent Medium article, CoinPedia Markets expects that Binance, which has more than 170 million users, may list BONE in 2024 along with nine popular crypto assets such as Baby Dogecoin (BABYDOGE) and Saga (SAGA).

Four reasons why Binance might list BONE
CoinPedia Markets noted that BONE is the governance token of ShibaSwap and the official fuel token of Shiba Inu’s L2 blockchain Shibarium. With these features, BONE holders can participate in governance and become stakeholders within the ecosystem.

CoinPedia Markets also highlighted BONE’s role in facilitating currency locking and liquidity, which could be crucial in its potential listing on Binance. It is worth noting that crypto exchanges like Binance prioritize digital assets with higher liquidity as they help provide a seamless trading experience for users.

The third factor that further supports BONE’s potential listing on Binance is the strong community sentiment around the token. Like SHIB, BONE also benefits from the support and involvement of Shiba Inu community members. Some enthusiasts have already begun expressing their excitement about BONE’s potential listing on Binance.

Such participation may play an important role in convincing Binance of BONE’s strong demand and growth prospects.

Finally, the BONE contract scrapping implemented last year was an important step towards the token’s potential listing on Binance. As reported earlier, the team first minted the remaining BONE supply before scrapping the contract.

After the contract was scrapped, the Shiba Inu ecosystem team was unable to mint more BONE tokens, preventing developers from influencing or manipulating the price of the asset.

Shiba Inu community urges Binance to list BONE
Members of the Shiba Inu community have participated in a series of activities to attract Binance’s attention to BONE. In addition to launching a petition on Change.org, the community is also involved in a campaign that could see BONE listed on the world’s largest exchange.

As Cointelegraph reported earlier, Shiba Inu marketing expert Lucie urged BONE enthusiasts to vote for the token’s potential listing on Binance Futures’ Next platform. As of now, BONE ranks 10th in Next Pool with 18,088 votes.

Even though BONE has a lower ranking score, Binance was still able to list it ahead of other top-ranked coins. The exchange said that a token’s huge popularity on the Next platform does not automatically guarantee its listing on the Futures platform.

It stressed that all digital assets, regardless of their popularity on the Next platform, need to undergo similar valuation assessments for potential listing.

If BONE ends up being listed on Binance this year, as CoinPedia Markets predicts, the token could attract a wider investor base among the exchange’s more than 170 million global users.

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