From meme to potential crypto giant

Binance, one of the most significant players in the cryptocurrency market, took a significant step by adding 22 new assetsfor both loans and guarantees, flexible loan and VIP loan services. Among these new assets is Shiba Inu, a meme-inspired cryptocurrency.

This is a fundamental achievement for the Shiba Inu as it strengthens its position in the cryptocurrency market.

Shiba Inu rebellion as collateral

Binance’s decision to accept Shiba Inu as collateral is particularly relevant, as it means that the cryptocurrency exchange platform recognizes the market potential of the Shiba Inu and the growing confidence in its liquidity. This could be an important step towards the acceptance of SHIB as a legitimate asset in the wider realm of cryptocurrencies and decentralized finance (DeFi).

In parallel, recent developments have fueled Speculation about the possibility of listing Bone ShibaSwap (BONE) tokens on Binance. This rumor coincides with the expected launch of the second layer blockchain, Shibarium, scheduled for this month. If this happens, it could improve the visibility and credibility of SHIB and BONE.

It’s important to note that Binance’s August 4th announcement was not just about the Shiba Inu.. Other notable assets include Compound and Theta, demonstrating the platform’s commitment to constantly expanding its offering. to meet the needs of various cryptocurrency investors.

Impact on the future of SHIB

The implications of this announcement for the Shiba Inu are significant. This is a key indicator of the transformation of the currency, from its origin as a meme to its transformation into a legitimate financial asset in the crypto world.

In particular, accepting SHIB as collateral it could attract more serious investors, which could affect its price and market capitalization in the long run. This assumption is further supported by the possible listing of the BONE token on Binance, subject to the successful launch of the Shibarium mainnet.

As lead developer Shitoshi Kusama previously revealed, Shibarium is expected to launch in August. This makes listing BONE on Binance a real possibility. If this is implemented, it could further solidify the Shiba Inu’s position in the market, making it a cryptocurrency worth keeping an eye on in the crypto world.

Once again demonstrating the seriousness of the Shiba Inu becoming more than just a meme coin, Kusama indicated that the Shiba Inu project, Shibarium, will integrate digital identity verification into all of its future developments.

The lead developer emphasized:

“We are laying the groundwork for a new global standard for decentralized digital trust and international identity verification. In this sense, Shibarium is a harbinger of a new digital age in which trust in systems is restored and increased.”