Lucie also emphasized the positive correlation between Shiba Inu and Bitcoin.
She referenced a chart illustrating Bitcoin’s historical pattern and suggested that bearish days could be coming to a close.
Regarding trading volumes, Lucie encourages long-term holding and Dollar-Cost Averaging (DCA). Trading Strategies: Long-Term Holding and DCA-Recommended
SHIBA INU COIN BINANCE NEWS DRIVER
She highlighted the importance of Shibarium’s decentralized structure as a significant driver for growth and confirmed the team’s patient approach to project launches, prioritizing fairness and community well-being. Lucie, a content specialist, acknowledged the challenges of enduring losses but emphasized the team’s active efforts to enhance the ecosystem’s value. They are… /Ow9wATIe3n- 𝐋𝐔𝐂𝐈𝐄 | Summer of Shibarium September 7, 2023Īnalysts examining the graphs and trajectories in the Shiba Inu community believe this trend may signify the end of the bear phase. Shibarium is decentralized, and all projects have their time to launch without us killing it with Shiba Ecosystem Dapps. We're all feeling exhausted, and we're all experiencing losses-it's tough.īut we're putting in our best effort to add value to our ecosystem. Why Analysts Believe SHIB’s Bear Cycle is Nearing Its End Over the past 24 hours, TVL has increased by 0.51%, although it has decreased by 10.95% over the week.
Meanwhile, ShibaSwap, the DeFi platform where SHIB, LEASH, and BONE are traded, boasts approximately $23.4 million in Total Value Locked (TVL). Despite these setbacks, there’s optimism in the air.Īt present, SHIB is priced at $0.00000767, with a slight 0.1% dip in the last 24 hours and a 5.4% decrease over the past seven days. SHIB, for example, has seen a 6.85% decline in its seven-day performance, and LEASH and BONE have faced substantial losses, with the latter dropping over 22%. While tokens within the Shiba Inu ecosystem, including SHIB, Bone, and LEASH, have experienced losses in line with broader crypto market trends, experts are suggesting that these short-term fluctuations could signal an upcoming shift in momentum. The project’s lead developer, Shytoshi Kusama, had previously disclosed the possibility of the Shibarium launch happening in August.$SHIB Burn rate remains high despite Fud in the market!! 🔥🔥🔥Unstoppable 🔥🔥🔥 #SHIBARMY $SHIB /OdowuPn74C- Shib Spain 𝕏 September 7, 2023 Related: BTC price risks new sub-$29K dip as Binance fears test Bitcoin bullsīinance is considering the listing of the BONE token, and its potential inclusion is contingent upon the forthcoming Shibarium mainnet launch, which fulfills one of the listing prerequisites for new tokens. The XEM/USDT pair is now supported on the cross-margin trading platform.įollowing the Shibarium testnet PuppyNet launch, BONE has been listed on various cryptocurrency exchanges, including OKX, Huobi and. In a separate announcement, Binance introduced Nem (XEM) as a newly available borrowable asset. Its VIP Loan service has been expanded with six new loanable assets. Source: BinanceĪccording to the announcement, Binance has expanded its Flexible Loan service by including eight new loanable assets. Screenshot of Binance’s new collateral assets announcement.
The cryptocurrency exchange concurrently announced the addition of 22 cryptocurrencies as loanable collateral assets on its Flexible Loan and VIP Loan services. This development has also fueled speculation about the potential listing of Bone ShibaSwap (BONE) tokens on Binance, coinciding with the upcoming launch of the layer-2 blockchain, Shibarium, anticipated to take place in August. In its official statement, Binance disclosed several new collateral assets, including Shiba Inu ( SHIB), Compound ( COMP) and Theta ( THETA). The cryptocurrency exchange also announced the addition of 22 cryptocurrencies as loanable and collateral assets on its Flexible Loan and VIP Loan services.Ĭrypto exchange Binance is adding 22 new loanable and collateral assets to its Flexible Loan and VIP Loan service, the exchange announced on Aug.
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