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Shiba Inu’s BONE Token: Can It Reach $2 by March End?

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Shiba Inu’s BONE Token: Can It Reach $2 by March End?

The Shiba Inu (SHIB) community wants BONE to be listed on Binance Futures and is pushing users to vote for the token on the exchange’s NEXT platform.

Notably, via Binance Futures NEXT, the users have the chance to predict the digital asset that might be listed on Binance Futures and even nominate their tokens with a deposit, which will eventually be turned into Picks if the nomination is approved.

Currently, the BONE token has more than 44,000 Picks, as per the official data from the Binance website. Multiple people from the SHIB community allotted their money, and BONE is currently ranked fifth among all the tokens.

It is important to note that BONE is one of the three tokens on the ShibaSwap, a Shiba Inu decentralized exchange platform, alongside Shiba Inu (SHIB) and Leash (LEASH). BONE has utility within the Shiba Inu ecosystem, and its use is tied to various features, including staking and providing liquidity on the ShibaSwap platform.

As per CoinGecko, the price of BONE has been up 0.70% in the past 24 hours, currently standing at $1.17 with an 8.06% surge in trading volume. The market capitalization of the token stands at $257 million. The token is up 76.6% in the past seven days.

Investors are wondering if a move towards $2 for BONE is possible in the near future. As per data from TradingView, the Relative Strength Index (RSI) for the BONE token stands at 65.51, which means that the buying pressure is still higher than the selling pressure.

Shiba Inu’s BONE Token: Can It Reach $2 by March End?
BONE/USDT 1 Day Chart (Source: TradingView)

BONE/USDT 1 Day Chart (Source: TradingView)Meanwhile, the volume for BONE has significantly increased over the past few weeks, and the bulls might make an attempt to break the $2 price level in the near future if the situation remains the same.

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