Shiba Inu rises from Binance’s innovation zone to fully supported asset

In this post:

  • SHIB’s transition signifies maturation in the volatile crypto market.
  • Binance’s move reflects growing confidence in Shiba Inu.
  • Community push for Bone listing highlights ecosystem expansion.

Binance has announced upgrading SHIB from the Innovation zone to its main platform, where it will be a fully supported asset. Such transition ideally symbolizes the beginning of an era for SHIB, where the currency starts when it is recognized for its value and stability rather than mentioned as a speculative asset.

Shiba Inu gains Binance support

Shiba has made its first big step towards huge financial rewards after Binance chose it as its initial decentralized finance platform. Binance Exchange concluded that Shiba Inu fulfilled the strict standards used for project evaluation, including ethical behavior, responsiveness, development activity, trading volume, liquidity, and network stability. 

This decision comes a couple of years after Binance was the first firm to ease the Shiba Inu entry but classify it as a high-risk, highly sensitive token. The decision signifies that Binance recognizes that SHIB has gone through the maturity stages, and it remains the potential for SHIB to stay as a mainstream cryptocurrency.

Shiba price and trade volumes source:coinmarketcap

Shiba Inu’s trajectory to Binance mainstream

The BME Innovation Zone, one of the opening Binance creations in 2020, was set up to trade new and innovative projects, hence understanding the possible risks. Cryptocurrencies in this category were suspected of being quite volatile and speculative. However, the movement of Shiba Inu from the Innovation Zone testifies to its gradual growth and strengthening in the crypto market.

The main event is Shiba Inu’s upgrade fully listed on Binance after a long stretch in the Shiba Inu ecosystem. The efforts to launch Shibarium’s testnet and the subsequent planned mainnet launch are mainly pushing Shiba. Alongside this, there is the growing interest and participation of SHIB enthusiasts in social media and the development circle. 

Shiba Inu’s Future after the upgrade

Besides, the fact that the burn rate increased exponentially as Shibarium gained more popularity and support from the community also signals the coin’s growing popularity and utility.

While this is quite a big deal for the community of Shiba Inu fans, they still campaign for the SHibaswap protocol Bone (BONE) integration to the Binance platform. An appeal addressed on Change.org advises Binance to depict the BONE token in the listings in a bid to make the ecosystem access more reachable and friendly from a functional point of view.

Shiba Inu’s evolution as a fully-backed asset on Binance may be interpreted as a promising future undertaking within cryptocurrencies. Shiba Inu is evolving day by day and is one of the few whose ability to leave an overshadowing effect on established cryptocurrencies like Ethereum and Bitcoin

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

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