Here’s Why Shiba Inu’s BONE Continues to Land Listings

Sahana Kiran
Shiba Inu bone
Source – NewsBTC

Shiba Inu [SHIB] has proved to be more than just a meme coin. The network has managed to roll out several developments over the years and is awaiting a few more. In the midst of this, Shiba Inu’s offspring like BONE and LEASH have been benefitting from the network’s progress. BONE, in particular, has been the talk of the town.

Over the last couple of weeks, several exchanges from all across the globe have been listing BONE. Earlier today, an Australian exchange called CoinSpot welcomed the token. The exchange took to Twitter to reveal that they have recently added BONE token to their platform. CoinSpot further encouraged their followers to retweet the announcement for a chance to win $100 worth of BONE.

The increased public demand pushed the exchange to list Shiba Inu’s BONE. A poll was conducted to gauge community preference for the listing of BONE or Alchemy Pay [ACH]. The Twitter poll attracted a total of 2,682 participants, with an overwhelming majority of 90.7% voting in favor of BONE.

It should be noted that earlier this week, Swyftx, another popular Australian exchange onboarded BONE.

But why is there increased demand for BONE?

The continuous listing of Shiba Inu’s BONE token can be primarily attributed to the imminent introduction of Shibarium, the forthcoming layer-2 network. BONE is anticipated to serve as the gas token for Shibarium. Lucie, a prominent member of the Shiba Inu community, linked this ongoing listing trend to the progressive decentralization of the SHIB network.

Towards the end, she was seen taking a dig at those who spread FUD about Shiba Inu and BONE. Lucie said,

“The entire Shiba Ecosystem is being built as a fully decentralized ecosystem, and no one will ever be in charge. The community will lead and make the most important decisions. When it’s finished and ready. The fudders tried to spread fake news, but this just proves their stupidity.”

Additionally, at press time, BONE was seen surging by 3.88% over the last 24 hours while its price sat at $0.7128.