Lucie, the marketing head of Shiba Inu, recently posted on platform X, revealing key updates about the BONE ShibaSwap token. On July 3rd, the post disclosed that one of Canada’s leading exchanges, SuperEX, commenced permanent trading of BONE.
This move echoes the cryptocurrency world’s optimistic attitude towards the Shiba Inu ecosystem tokens. Let’s delve into the reasons.
**Permanent Trading of BONE Commences**
Notably, Shiba Inu’s Lucie reiterated another post by the SuperEX cryptocurrency exchange, emphasizing BONE’s permanent listing. According to the exchange’s original post, perpetual trading for the BONE/USDT pair started today, July 4th, at 03:00 UTC. The underlying asset is the BONE ShibaSwap, also known as the gas fee token for Shibarium or the governance token for ShibaSwap.
Moreover, to maximize user appeal, the asset’s leverage ratio is set at 1-10x. However, the exchange revealed that it might adjust parameters from time to time, aiming to mitigate market risks.
Despite this, given Canada’s vast cryptocurrency landscape, BONE is still expected to see a significant influx, and this announcement has garnered tremendous attraction in the cryptocurrency domain. Furthermore, it’s noteworthy that the X handle of the SuperEX cryptocurrency exchange boasts nearly 350,000 followers, further highlighting its large user base.
It’s worth mentioning that many tokens’ permanent listings in the past, including Coinbase’s SHIB, FLOKI, and BONK’s perpetual listings, quickly triggered an upward price trajectory. Although historical data cannot guarantee future performance, the broader sentiment remains optimistic.
Even Pepe coin, another hot trend in Cryptocurrency City, saw a significant rise due to its perpetual listing. However, BONE is awaiting such an upward momentum.
**BONE & SHIB Market Performance**
Despite the commencement of perpetual trading, the price of BONE still fell by 1.93% to $0.4822. Its 24-hour low and high were $0.4788 and $0.4952, respectively.
This price drop aligns with the broader trend, as the SHIB token price from the Shiba Inu ecosystem also fell by 0.89% to $0.00001695. Another SHIB ecosystem token, Doge Killer LEASH, dropped by 2.07% to $334.91, consistent with this trend.
Cryptocurrency market enthusiasts continue to monitor the token, as perpetual listings could lead to significant price changes. However, the current market sentiment seems bearish, as the RSI hovers around 36, indicating downward pressure on the asset. As the asset enters the oversold territory, further downward momentum could also pave the way for a potential price rebound.
