CoinPedia Markets, a leading cryptocurrency platform, makes a forecast about the future listing of Bone ShibaSwap (BONE), the ShibaSwap governance token and Shibarium gas fee, on Binance.

According to a recent Medium article, CoinPedia Markets predicted that Binance, which has over 170 million users, might list BONE in 2024 with nine other popular crypto assets, including Baby Dogecoin (BABYDOGE) and Saga (SAGA).

4 Reasons Why Binance Could List BONE This year, CoinPedia Markets identified four potential reasons for Binance to list BONE on its trading platform.

The analytic platform revealed that BONE serves as ShibaSwap's governance token as well as the official gas token for Shiba Inu's L2 blockchain, Shibarium. With these functions, BONE holders can engage in governance and contribute as stakeholders within the ecosystem

CoinPedia Markets also emphasised BONE's role in facilitating staking and liquidity, which might be critical for its prospective listing on Binance. Notably, cryptocurrency exchanges such as Binance prioritise digital assets with high liquidity since they contribute to a smooth trading experience for customers.

The token's high community enthusiasm could bolster BONE's possible listing on Binance even more. BONE, like SHIB, has benefited from the support and participation of Shiba Inu community members. Several aficionados have gone to X to express their excitement about BONE's anticipated listing on Binance.

These engagements could help Binance understand BONE's strong demand and development opportunities.

Finally, the renunciation of the BONE contract implemented last year represents a key step towards the token's potential listing on Binance. As reported earlier, the team first minted the remaining supply of BONE before renouncing the contract.

Following the renunciation, the Shiba Inu ecosystem team cannot mint more BONE tokens, thus preventing developers from influencing or manipulating the asset’s price.

Shiba Inu Community Urges Binance to List BONE

Members of the Shiba Inu community have engaged in a series of campaigns to attract Binance’s attention to BONE. Besides launching a petition on Change.org, the community has participated in a campaign that could get BONE listed on the world’s largest exchange.

As reported earlier, Shiba Inu marketing specialist Lucie urged BONE enthusiasts to vote for the token’s potential listing on Binance Futures’ Next Platform. At press time, BONE is ranked 10th in the Next Pool, garnering 18,088 votes.

Despite BONE’s low ranking score, Binance can still list it ahead of other top-ranked tokens. The exchange stated that a token’s enormous popularity on the Next platform does not automatically guarantee its listing on the Futures platform.

It emphasized that all digital assets go through similar evaluation assessments for potential listing, irrespective of their popularity on the Next platform.

Should BONE eventually get listed on Binance this year, as CoinPedia Markets speculates, the token could attract a broader investor base from the exchange’s over 170 million global users.