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As the Shiba Inu (SHIB) ecosystem eyes a much-awaited recovery, Bone ShibaSwap (BONE), the native token of the Shibarium protocol, might be one of the biggest beneficiaries. Earlier today, Indodax, the top crypto trading platform in Indonesia, announced the listing of BONE, a proclamation that sent shivers down the SHIB ecosystem.
Tomiwabold OlajideOne unique aspect of the listing announcement is that the BONE token has no trading pair, as interested buyers can acquire the token directly from the Indodax IDR marketplace. While volatility still counts, Indodax advised its prospective BONE buyers to maintain basic buy-and-sell strategies to safeguard their capital.
The BONE listing announcement sent the price of the token soaring by 5.45%, with each BONE changing hands at a price of $0.7829. Notably, this price reaction is similar to related movements scored in previous exchange listings achieved by BONE.
As reported earlier, BONE soared by 4.24% on Nov. 17 when it landed on the StealthEx platform. Besides this StealthEx listing, BONE has often showcased minimal volatility concerning mega exchange listings, a trend that bears similarities to the growth of Shiba Inu at one point in time.
Growing recognition of SHIB ecosystem tokens
From the observed trends, Bone ShibaSwap has achieved listings on exchanges serving different markets around the world. While it is now available to traders in Indonesia, top Australian trading platform GroveX also listed BONE as of Sept. 5.
Gamza KhanzadaevBeyond BONE, other mainstream SHIB ecosystem tokens, including LEASH, have also achieved related listings in recent times. These broad-based inclusions on exchanges align with the new goals of lead developer Shytoshi Kusama, who has unveiled plans to drive the global adoption of the protocol and its ecosystem innovations in mega "partnershibs."
The manifestation of this move is coming to life and also showcasing the more than 6% jump Shiba Inu has accrued over the past 24 hours.
Vladislav Sopov
U.Today Editorial Team
Dan Burgin