- Shiba Inu’s momentum gains traction as its marketing lead highlights a significant development.
- BONE, a crucial token within the Shiba Inu ecosystem, is now listed on Indonesia’s Triv Exchange.
- This listing can positively affect BONE’s price and bring increased attention to the ecosystem.
The listing of BONE on Triv Exchange in Indonesia is primed to boost the token’s visibility and value within the crypto market.
Indonesia Embraces BONE Token
The marketing lead for Shiba Inu, LUCIE, has recently announced on X that the BONE token has been listed on Indonesia’s Triv Exchange. This development marks a significant milestone for BONE, signaling heightened interest and potential monetary inflow into the Shiba Inu ecosystem. Triv Exchange is set to support BONE alongside Bitget Token (BGB) and Bitget Wallet Token (BWB), which is a notable endorsement coming from a well-established exchange in the Indonesian crypto market.
Triv Exchange’s Endorsement
Triv Exchange has operated in the Indonesian crypto markets since 2015, establishing itself as a credible trading platform. The exchange’s endorsement of BONE, BGB, and BWB provides substantial credibility and stability for these tokens. According to Triv, BONE ranks 384 and has a maximum supply of 250 million tokens, factors that can bolster investor confidence. The market generally reacts favorably to such listings, potentially driving up the price as new money flows into the ecosystem.
Market Impact on BONE and SHIB
Following the Triv announcement, BONE has seen a positive price movement, gaining 1.01% to $0.5543. This spike comes after a tumultuous 24-hour period, with lows and highs of $0.539 and $0.5573, respectively. The wider Shiba Inu ecosystem is also benefiting, as evidenced by the SHIB token’s gain of 1.52% within the same timeframe. SHIB’s 24-hour price range spans from $0.00002101 to $0.00002181.
Increasing Adoption and Burn Rates
One of the driving factors behind SHIB’s price gains is its growing acceptance as a mainstream payment method. This increased adoption, coupled with an uptick in burn rates, signals a robust demand for the token. BONE, serving as the gas fees token for Shiba Inu’s Layer 2 solution, Shibarium, stands to gain substantially from this increased usage. The recent listing by Triv is likely to amplify this trend, positioning both BONE and SHIB for significant future gains.
Conclusion
The listing of BONE on Triv Exchange marks a pivotal moment for the Shiba Inu ecosystem, promising increased awareness and potential price gains. As Indonesia embraces this token, the broader crypto market could see a surge of interest and investment in BONE and SHIB. Investors should closely monitor these developments for potential windfalls, while continuing to make informed decisions based on thorough market research.
