Shiba Inu (SHIB) Ecosystem Token Could Potentially Get Listed on this Indian Crypto Exchange

Vignesh Karunanidhi
Shiba Inu has earned its place as a prominent meme coin. The meme coin has also entered the top 20 cryptocurrency list by market cap. The SHIB team has been quite consistent in terms of development. It is evident from the various initiatives from the meme coin team, including the Shiba Inu burn initiative.
Source: Coin Cloud

Shiba Inu has established itself as a well-known meme-inspired cryptocurrency. It has even secured a place among the top 20 cryptocurrencies by market capitalization. The SHIB development team has demonstrated a steady commitment to improving the meme coin through various initiatives, developments, collaborations, and listings. According to the latest details, a popular Indian exchange could potentially list the Shiba Inu ecosystem token, “BONE.” Flitpay, an Indian cryptocurrency exchange, recently tweeted asking the community to vote on a poll on which coins to list next.

Also read: Dogecoin (DOGE) Price History From 2013 to 2023

Two competitors in the poll were REEF and BONE. The current votes show that BONE will be the one to win, as it stands tall with 57.1% of the vote as opposed to 42.9% of that of REEF.

The stronger presence of the Shiba Inu army on Twitter can likely make BONE the easy winner. This could see the Shiba Inu Ecosystem Token enter the Indian cryptocurrency market through this exchange.

Shiba Inu burn rate fails to shine

Shiba Inu’s burn rate has been famous for its irregular nature and for proving time and time again that it is true. According to the latest details from Shibburn, the burn rate of SHIB has dropped by 90.49% in the last 24 hours. Only 1.25 million SHIB were sent to dead wallets during this period.

Since the days of burning billions, the burn rate has dropped to just a million. However, the launch of Shibarium is anticipated to change the burn game.