Shiba Inu price rally beat crypto bear market for this reason

  • Binance recently announced a price tracking feature for Shiba Inu ecosystem’s BONE, ShibArmy argues that a listing is now imminent. 
  • Shiba Inu coin price posted nearly 30% gains over the past week, beating competitor Dogecoin and altcoins in the bear market. 
  • Analysts are bullish on Shiba Inu price and predict a continuation of the uptrend. 

Shiba Inu coin price exploded over the past week, beating the crypto bear market and competitor Dogecoin. The ShibArmy believes Shiba Inu ecosystem’s BONE listing on Binance is imminent as the cryptocurrency exchange platform adds a price tracking feature for the token. 

Also read: Billionaire supports meme coin, triggering Shiba Inu price rally

Binance adds price-tracking feature for BONE

The world’s largest cryptocurrency exchange platform recently added the price tracking feature for BONE. Binance’s page that lists BONE price clearly mentions that the coin is not listed on Binance for trade and service. Binance recommends that users buy BONE using Ethereum on a decentralized exchange platform. 

BONE is the Shiba Inu ecosystem’s governance token and will soon be used to pay transaction costs on layer-2 solution Shibarium. The token has attracted the attention of investors since ShibArmy is awaiting the rollout of Shibarium in the Shiba Inu coin ecosystem. 

The ShibArmy is convinced that a BONE listing on Binance is imminent. This speculation has triggered a bullish sentiment among Shiba Inu coin holders and fueled a double-digit price rally over the past week. 

Binance has made no announcement on BONE’s listing and limited the coin’s exposure to users on the platform to the price-tracking feature.

Game developer invites users to burn Shiba Inu coins

Travis Johnson, an independent game developer, has invited users to sign up for an Audible trial and the commission raised through Amazon’s referral program will be used to burn Shiba Inu coins. So far Johnson has raised enough funds to burn 1 million Shiba Inu coins. 

Johnson told followers on Twitter that the quantity of Shiba Inu will spike as sign-ups hit 100, 1,000 or higher. 

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