Shiba Inu’s marketing manager, Lucie, recently posted on X, revealing a key update on the BONE ShibaSwap token. On July 3rd, the post revealed that SuperEX, one of Canada’s leading exchanges, has started permanent trading for BONE.
This move echoes the optimistic sentiment towards Shiba Inu’s ecosystem token in the entire cryptocurrency world. Let’s explore the reasons behind it.
BONE Permanent Trading Begins
It is worth noting that Lucie from Shiba Inu reiterated another post by SuperEX cryptocurrency exchange, emphasizing the permanent listing of BONE. According to the exchange’s original post, the BONE/USDT perpetual motion trading started today, July 4th at 03:00 UTC. The underlying asset is BONE ShibaSwap, also known as the gas fee token for Shibarium or the governance token for ShibaSwap.
At the same time, to maximize user appeal, the leverage for this asset is set at 1-10x. However, the exchange revealed that it may occasionally adjust parameters aimed at mitigating market risks.
Nevertheless, considering Canada’s significant cryptocurrency landscape, BONE is still expected to attract a large influx, and this announcement has garnered significant attention in the cryptocurrency field. Furthermore, it is worth noting that SuperEX cryptocurrency exchange’s X handle has nearly 350,000 followers, further highlighting its large user base.
It is worth noting that previous permanent listings of many tokens, including Coinbase’s SHIB, FLOKI, and BONK perp listings, quickly triggered an upward trajectory in prices. Although historical data cannot guarantee future performance, the overall sentiment remains optimistic.
Even another popular trend in the cryptocurrency city, Pepe coin, experienced a significant surge due to its permanent listing. However, BONE is eagerly awaiting such an upward momentum.
BONE & SHIB Market Performance
Despite the start of permanent trading, the price of BONE has still declined by 1.93%, to $0.4822. Its 24-hour low and high are $0.4788 and $0.4952 respectively.
This price decline is in line with the broader trend as the price of SHIB, the token in the Shiba Inu ecosystem, also dropped by 0.89%, to $0.00001695. Another SHIB ecosystem token, Doge Killer LEASH, fell by 2.07%, to $334.91, in line with this trend.
Cryptocurrency enthusiasts continue to watch this token as the perp listing could bring significant changes in price. However, the current market sentiment appears bearish as the RSI stays around 36, indicating downward pressure on the asset. With the asset entering oversold territory, further downward momentum could pave the way for a potential price rebound.
