The Shiba Inu community is known for pushing their agenda and demands through clever marketing efforts. Although not all campaigns are always successful, such as the petition with 95,677 votes asking PayPal to accept SHIB as payment, there are some useful cases.
Thus, the SHIB Army can celebrate a great achievement when a Shiba Inu is registered on Robinhood as a result of a petition. It was signed by 559,559 supporters.
SHIB Army Wants Binance List BONE
In a new petition, the Shiba Inu community called on the world’s largest cryptocurrency exchange Binance to list the governance token of ShibaSwap’s decentralized exchange, BONE. The petition was created on Change.org and had only managed to collect 923 votes from supporters at press time.
ShibaSwap is the brainchild of the Shiba Inu developer team, founded by a pseudonymous founder known as Ryoshi. BONE is the governance token for ShibaSwap allowing users to vote on important proposals for the protocol.
Voting takes place on DOGGY DAO, ShibaSwap’s decentralized autonomous organization (DAO). The more BONEs a user has, the more weight their vote will have in future attempts.
BONE has 250,000,000 tokens and will also be used to pay for gas costs in Shibarium, the much-touted Shiba Inu layer 2 solution. After launch, possibly on Valentine’s Day, February 14th, Shibarium will provide additional means for BONE.
As the petition also states, SHIB, BONE, and LEASH will lead “the next evolution of the DeFi platform,” further stating: “ShibaSwap gives users the ability to DIG (provide liquidity), BURY (shares), and SWAP tokens to obtain WOOF. Generate via sophisticated and innovative passive income reward system.
With the petition, the Shiba Inu community asked Binance to be one of the first major exchanges to list the BONE token.
Current data shows that the largest trading volume of BONE comes from the decentralized exchange Uniswap, followed by Bitget, the only centralized exchange that has listed the token. It was followed by BKEX, LBank, CoinEx, MEXC, and finally ShibaSwap in the last 24 hours.
Shiba Inu price today
At press time, SHIB price stood at $0.00001231, again rejected in the resistance zone between $0.00001250 and $0.000013 on the one-day chart. In the last 24 hours, SHIB increased by 3%. In line with broader market sentiment, the price has shown an upward trend of 7% over the last seven days.
The price of SHIB remains above the 200-day EMA, which could be the next support if there is a clear rejection of the resistance zone. If the breakout to the rise is successful, the October 29 high at $0.00001519 will be likely.
Option image from Traxer / Unsplash, Chart from TradingView.com