Shiba Inu’s BONE Lands a Spot on Yet Another Exchange

Sahana Kiran
Shiba Inu
Source – Shiba Inu

The cryptocurrency community has witnessed the arrival of a plethora of cryptocurrencies. Meme coins have of late emerged as a popular choice among many. Shiba Inu [SHIB] in particular has a notable following. However, an offspring of SHIB has taken over the space now.

The widely anticipated launch of Shibarium has left the entire community embracing BONE. Since this asset is expected to be increasingly used in this layer-2 update, exchanges were seen listing it. Over the last couple of days, a plethora of firms were onboarding the meme coin. Earlier today, Poloniex joined the list.

According to a recent blog post, BONE will be available for trading starting today post 11:00 [UTC]. Deposits will be open at 10:00 [UTC].

Throughout the last few days,,, and Huobi expressed interest in the meme coin. With Poloniex joining the list, the community hopes to see Binance following suit.

The chances of this were solid considering the hype around BONE at the moment. As mentioned earlier, BONE will serve a great deal in Shibarium. The asset will be used as a gas token as well as a reward for validators and delegators. Furthermore, the Shibarium Public Beta version is expected to release this week.

Shiba Inu: BONE’s price recovers following Poloniex listing

At press time, BONE was trading for $1.70 with a 6.27% daily drop. This dip was in light of the overall market which is currently falling. After dipping to a low of $1.66 today, the asset was slowly trying to recover.

Source – BONE/USDT Chart on TradingView

The above chart notes how BONE was rising and making its way onto the $2 level. But after being overbought, the asset dipped back into the sellers’ arena.

However, the latest listing is expected to act as a catalyst for the potential spike of BONE.