Shiba Inu’s governance token, BONE ShibaSwap (BONE), has been touted for listing on Giottus, an Indian cryptocurrency exchange located in Chennai.
The cryptocurrency platform states in a recent release that it heard what the SHIB community had to say. It published a teaser image with what appears to be the BONE logo on it and the statement “launching tomorrow,” which alludes to May 10.
Giottus polled Twitter users on May 8 by asking, “Y’all still need BONE?” On the platform, BONE received 89.2% of the votes in favour and 10.8% against it.
Token for shibarium gas Exchanges are still paying close attention to BONE. In April, the Indian cryptocurrency exchange Flitpay listed BONE following a survey to gauge interest in the listing of BONE on its system.
After BONE emerged as the crowd favourite in a Twitter vote, the cryptocurrency exchanges OKX, headquartered in the Seychelles, and CetoEX, based in Dubai, announced the listing of BONE. The Bone ShibaSwap (BONE) listing was also revealed by Asian cryptocurrency exchange Huobi Global around the same period.
BONE price might be bottoming out
Prices for BONE gradually decreased after peaking at $2.10 on February 21. Bulls repeatedly failed to relaunch the upswing because bears would not yield any more territory.
The bulls’ endeavour was further hindered by the daily moving averages’ negative crossing, or “death cross,” a bearish indication.
BONE looks to be approaching oversold circumstances, as seen by the daily RSI, which has dropped below the threshold of 30. This is a favourable consequence of the event. An RSI reading of 30 or lower frequently indicates an oversold or undervalued state. This might indicate that the price of BONE has bottomed out, which would indicate that a bullish price reversal is in progress.
