Shiba Inu captivates Binance and leaves the Innovation Zone!

SHIB, the meme-inspired crypto has managed to seduce Binance. The Exchange, has decided to take it out of its Innovation Zone and place it in the category of projects with high growth and sustainability potential. This gesture of confidence could well further strengthen SHIB’s position in the market and encourage investors to take a closer look at this crypto.

Binance confident in the future of Shiba Inu

Binance has just announced that Shiba Inu has been taken out of its innovation zone and placed among the projects with high growth and sustainability potential, alongside Frax Share (FXS), Trust Wallet Token (TWT) and 1 inch (1INCH). This will be effective April 18, 2023. This decision reflects the Exchange’s confidence in these projects.

Indeed, Binance’s “Innovation Zone” is a section of the platform that offers the possibility to trade cryptocurrencies safely while waiting for them to be tested and validated. This way, these projects can go to market and make themselves known in hopes of getting approval from the Exchange.

As one of the most popular meme-inspired cryptos, SHIB has already attracted the attention and investment of many users. Binance’s decision could ensure that the cryptocurrency is now taken seriously and be an opportunity for investors looking for promising projects.

Furthermore, Binance reassured users about the impact of this decision on other token-related services. Thus, it reaffirmed its commitment to transparency and sustainable growth in the crypto ecosystem.

Binance conducts regular reviews to identify quality projects that meet high requirements such as: 

• Team commitment, 

• Trading volume, 

• Liquidity, 

• Network stability, 

• Contributions to the crypto ecosystem,

• Development activity. 

Therefore, SHIB’s exit from Binance’s innovation zone highlights the quality and sustainability of this project. It’s further proof that Binance only lets the most serious projects into its list of trustworthy assets.

What a great way to strengthen SHIB’s position in the market!

Binance now considers the meme-inspired cryptocurrency SHIB as a trusted asset. This decision could strengthen its position in the market and attract new investors. Currently, SHIB ranks 14th with a market capitalization of $6.7 billion, just above the BUSD.

Since Shibarium’s announcement, technical indicators for the digital asset continue to show an upward trend. Although 24-hour trading volume has recently declined by about 2%, it remains near $300 million.

Overall, SHIB’s exit from Binance’s innovation zone adds to the Shibarium craze. This information could have a significant impact on SHIB’s price in the crypto market. Let’s keep a close eye on the evolution of this cryptocurrency!