Sep 17, 2024

6thTrade

The Shiba Inu (SHIB) community is staying optimistic and energized despite a recent disappointment after Binance, one of the world’s largest cryptocurrency exchanges, chose to list several newer tokens over BONE—a crucial part of the Shiba Inu ecosystem. However, rather than seeing this as a setback, SHIB supporters are confidently looking to the future, believing that BONE’s time to shine is just around the corner, with growing support from the community.

In its latest update, Binance listed tokens like NEIRO, TURBO, and Baby Doge Coin (100000BABYDOGE), while BONE didn’t make the cut. Yet, the Shiba Inu community sees this not as an end, but as an opportunity to further highlight the true value and utility of BONE. $SHIB

Why BONE is Essential

BONE is more than just another token. It serves as the governance token for ShibaSwap, the decentralized exchange within the Shiba Inu ecosystem. Even more importantly, BONE is central to the SHIB burning mechanism on Shibarium, a layer-2 blockchain designed to help reduce SHIB’s massive supply. The community believes that BONE’s pivotal role in these areas is only becoming more evident, and that its utility will make it stand out in the long run.

Community Response

Lucie, Shiba Inu’s marketing lead, took to X (formerly Twitter) to passionately advocate for BONE’s inclusion on Binance. Her call for Binance to list BONE was not just a personal opinion, but a reflection of the growing optimism within the community. Many believe that Binance’s eventual recognition of BONE will align with its increasing importance in the ecosystem, and Lucie’s message was clear: BONE has a bright future, and the community stands united in its support.

A Promising Future for SHIB and BONE

While Shiba Inu’s price saw a brief rise to $0.00001407 on September 14 before dipping to $0.0000133, the community remains focused on the long-term vision. On-chain metrics may show short-term declines—such as a 0.19% drop in Net Network Growth and a 76% decrease in large transaction volumes—but these fluctuations are seen as temporary hurdles. The bigger picture shows the resilience of the SHIB ecosystem, with the new Shibarium "Burn Portal," which uses BONE for fees and SHIB burns, playing a key role in shaping a sustainable future.

Although the SHIB burn rate recently dropped by 96%, burning just 227,000 tokens in the past 24 hours, the community remains encouraged by the fact that over 410 trillion tokens have been burned since the initiative began. With 583 trillion tokens still in circulation, there’s a clear path forward for continued token reductions and enhanced value.

A Community United

Despite the challenges, the SHIB community is optimistic. BONE’s role in governance and the burn mechanism shows its significance in the ecosystem, and many believe its moment in the spotlight is inevitable. For SHIB supporters, this is more than just about token listings—it’s about the future of a project they believe in, one that has already achieved incredible milestones.

The community is rallying behind BONE, confident that its utility and value will soon be recognized not just by Binance, but by the wider cryptocurrency world. Rather than focusing on the current situation, they’re looking ahead, confident that their patience and persistence will pay off.

In the end, the story of BONE and the Shiba Inu ecosystem is one of resilience, determination, and community spirit. The optimism within the SHIB community is contagious, and their belief in the long-term success of BONE remains strong. With each passing day, they are moving closer to their goals, and they know that BONE’s best days are yet to come.


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Disclaimer: The content of this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and may lead to substantial financial loss. Always perform your own research and consult a qualified financial advisor before making any investment decisions. The opinions expressed are solely those of the author and do not represent the views of the publisher or its affiliates. Investing in cryptocurrencies involves inherent risks, and past performance is not a reliable indicator of future results. Please exercise caution.