The Shiba Inu community, famously known as the SHIB Army, has launched a vigorous campaign aimed at securing a listing for Bone ShibaSwap (BONE) on the globally recognized cryptocurrency exchange, Binance. Spearheaded by Lucie, the marketing lead of the Shiba Inu team, the campaign has garnered significant momentum as members rally together to support the cause.
SHIB Army’s strong presence in Binance’s next pool
The campaign leverages Binance Futures’ innovative platform, Binance Next Pool, where community-led initiatives can directly impact potential token listings.
Participants engage by acquiring “Picks” at the cost of 1 USDT each, which they can allocate towards predicting which tokens will be listed on the Binance USD Margin futures market next.
With each participant allowed up to 100 Picks per potential listing, the system fosters strategic participation.
As of the latest update, Shiba Inu’s BONE has garnered 19,389 Picks, demonstrating considerable support from the SHIB Army.
While trailing behind other nominated tokens, such as Delysium (AGI) and Bittensor (TAO), the community’s collective efforts have the potential to sway the outcome in BONE’s favor.
Binance’s Listing Review Process
Despite the enthusiasm surrounding BONE’s potential listing, Binance maintains a stance of neutrality and thoroughness in its listing review process.
The exchange clarifies that 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 decisions are made with integrity and due diligence.
Price analysis and market performance
The price of BONE has exhibited strong performance recently, with a notable 20% gain within the last 24 hours and a remarkable 75% increase over the past seven days.
Analysis of the BONE/USD chart reveals a bullish trend, with the 20-day Exponential Moving Average (EMA) positioned above longer-term EMAs, indicating growing positive momentum.
While a recent price spike attempted to break above the channel’s upper edge, the failure to close above this level suggests that the channel’s resistance remains formidable, potentially leading to a consolidation phase or correction.
The Relative Strength Index (RSI) reading of 74.56 indicates potential overbought conditions, signaling 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 Shiba Inu community’s campaign for the listing of BONE on Binance reflects the passionate support and dedication of the SHIB Army.
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 await the outcome of Binance’s thorough evaluation process, which will determine whether BONE joins the ranks of listed tokens on the Binance Futures market.
