Shiba Inu’s BONE Lands 5th Listing in a Week: $2 Incoming?

Sahana Kiran
Shiba inu
Source – NewsBTC

Prominent meme coin, Shiba Inu [SHIB] and its offspring have been making immense noise. BONE, in particular, has become quite popular among exchanges. This week has been increasingly eventful for the asset as it managed to bag a plethora of listings. It looks like the interest around BONE will continue to grow as it bagged yet another listing before closing the week.

The Shibarium gas token, BONE has been listed on the Singapore-based cryptocurrency exchange Deepcoin. The BONE/USDT pair is now accessible on Deepcoin’s spot trading platform, the company revealed in a recent tweet.

As mentioned earlier, several exchanges welcomed Shiba Inu’s BONE this week. The asset started the last week of April by bagging a listing on OKX. Following this, Huobi Global, CetoEx, and Flitpay extended support throughout the previous few days. Alongside this, Shibarium was back under the spotlight. This was after Shytoshi Kusama, the lead developer of the network said “We’re in go mode, not bro mode.”

BONE dips to a daily low

Exchange listings often pump the price of the listed token. But that wasn’t the case for Shiba Inu’s BONE. The asset, at press time, slumped to a low of $1.03 from a high of $1.07. This 2.53% daily drop revealed that the cryptocurrency was far from hitting the $2 mark.

Source – BONE/USDT Chart on TradingView

Nevertheless, it should be noted that the aforementioned listings pushed the asset above $1 earlier this week. Therefore, if several other prominent exchanges continue to step in and list the asset, it could reclaim the $2 zone.

Additionally, the asset made quite some noise after it entered the top 100 with regard to market cap. However, currently, BONE sits as the 140th largest cryptocurrency with a market cap of $237,101,908. The market value of the asset also took a hit as it dropped by 2.73%.