Shiba Inu hits a new milestone as Binance realizes the full potential of the meme coin and its tokens. newly advertisement It shows that Binance has moved the Shiba Inu out of its innovation zone to stand as a fully supported cryptocurrency on its platform.
During its periodic review of crypto projects, Binance noted that SHIB has proven its worth and meets its high standards. The latest development comes nearly two years after Binance backed SHIB, but deemed the token as an innovative, high-risk, and volatile cryptocurrency.
Binance says that Shiba Inu meets high levels of standards
According to a advertisementAfter reviewing it, Binance decided it was time for Shiba Inu and three other tokens to leave the innovation zone. binance Introduce innovation zone In 2020 with the aim of providing a haven for users to trade in new and innovative projects, knowing the risks involved.
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Crypto assets in the Innovation Zone are highly volatile and risky. According to Binance, it will only move tokens into the innovation zone when they prove worthy of their full support.
Notably, the cryptocurrency exchange rates cryptocurrencies based on certain factors such as ethical behavior, responsiveness, development activity, trading volume, liquidity, network stability, and much more.
Binance indicated that it reviews projects listed on its platform based on these factors and removes those found to be interested in these areas. After a recent review, the leading cryptocurrency platform decided that Shiba Inu was mature enough to leave the innovation zone.
Shiba Inu is now among the fully supported crypto assets such as Ethereum and Bitcoin. This achievement demonstrates the growing influence and interest of the Shiba Inu in cryptocurrency. It took nine months after the launch of Shiba Inu in 2020 for Binance existing In the Innovation District in May 2021.
SHIB community requests Binance to list BONE
Binance’s latest move follows weeks of increased social and development activity in the Shiba Inu ecosystem. These activities followed the hype surrounding the launch of the Shibarium testnet and the upcoming mainnet launch.
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Also, the SHIB community has seen burn rates rise due to increased social activity as Shibarium gains more adoption. The growing support for cheparium is evident among the meme coin community at High number of daily transactions And the governor.
Although Binance has fully supported SHIB, the exchange has not yet recognized Bone. As such, the Shiba Inu community called for Binance to list BONE. the society launched a petition On Change.org, Binance is requested to list the token.
Meanwhile, the Shiba Inu price It is trading lower today in line with the decline in the global cryptocurrency market cap. The meme coin is down 0.78% and is trading at $0.00001148 over the past 24 hours.
Featured image from Pixabay and chart from Tradingview