Bull sentiments around Shiba Inu’s $Bone token surged rapidly, as another major exchange announced support


Shiba inu affiliated token secured listing support on the popular crypto exchange Gate.

Gate is an averagely popular crypto exchange. Established in 2013, Gate.io prioritizes security and user experience, making it popular among traders worldwide. It offers features such as spot trading, futures trading, margin trading, and staking crypto services. 

Bull sentiments around Shiba Inu's $Bone token surged rapidly, as another major exchange announced support 1

On 21 March 2024, Gate crypto exchange announced marginal trading support for a Bone token as well as added borrow support for this cryptocurrency token.

The current trade price of Bone token is $0.92 & this trade price is 6.5% higher over the last 7 days. 

Following this news, many crypto meme token lovers raised questions over the possibilities of listing support on the Binance crypto exchange. 

It is worth it to note that Binance never lists any crypto assets blindly. For the meme tokens, the Binance team asks users to vote and after that lists the token which grabs the top position. Notably last time this crypto token secured 8th rank in the vote competition.

In the last couple of months, the popularity of meme tokens surged rapidly. Many new meme tokens on the Solana network grabbed huge popularity. Some tokens secured trading volume in billions e.g. Bome token. 

The increasing popularity of these meme tokens raised the eyebrows of many crypto enthusiasts, as the majority of the money inflow in the crypto market is going into the meme tokens & some top flagship crypto assets are struggling to get money inflow, despite the big bull sentiments.

It is sad to see that the majority of the crypto influencers are backing & promoting meme tokens, despite practically useful crypto projects, to become rich in the short term.

Read also: Estonia aims to regulate crypto companies under a newly approved bill