Sign Up on MEXCShiba Inu Team Spotlights KNINE Listing, KNINE Price To Rally?
Highlights
- Shiba Inu's team highlights imminent listing for the KNINE token.
- The listing sparks curiosity as BitMart showcases efforts to extend support for the token.
- KNINE price slips today, although a bolstered price action may be ahead.
In a significant gust of developments, Shiba Inu’s KNINE, an LSD (liquid staking derivative) token, nabbed significant investor attention today, April 2, as a prominent member of the Shiba crypto community spotlighted an imminent listing for the token. In a post shared by SHIB Knight on X, a renowned crypto trading platform recently revealed plans to extend support for the KNINE token, listing it on its platform and commencing trade for the same starting today.
KNINE is a token that results from Shiba Inu’s partnership with K9 Finance, a liquid staking derivative (LSD) platform for the Shibarium network. It aims to facilitate and boost DeFi (Decentralized finance) throughout Shibarium, Shiba Inu’s layer two solutions.
BitMart To List KNINE
According to SHIB Knight’s post, BitMart is all set to list the KNINE token on its platform starting today, April 2, at 15:00 UTC. Aligning with this, the trading pair KNINE/USDT is all set to be listed on the platform, while trading for the same will commence today at 3:00 PM UTC.
Official $SHIB Partner $KNINE will list on @BitMartExchange Tomorrow.
Congrats on the new listing. Let's Moon Together! 🔥🚀 https://t.co/rHApwjJMAu
— $SHIB KNIGHT (@army_shiba) April 1, 2024
This marks a pivotal achievement for the KNINE LSD token, as it continues to advance with its cryptographic venture following its recent inception into the crypto world. Meanwhile, crypto market enthusiasts appear to be extensively eyeing the token, as its price has slumped remarkably today, contrasting with the optimistic listing news for the token.
Intriguingly, as seen previously, cryptocurrencies face quite a turbulent price movement following their listing chronicles on exchanges. Cryptos like Blur, DYM, and many others rallied remarkably following their listings, whereas tokens such as RONIN noted a substantial plunge following its listing. This collectively birthed speculations over KNINE’s future price action, as following the listing news surfacing in the market, the LSD token appears to be facing a downturn.
Also Read: MakerDAO Eyes $600M DAI Investment in USDe and sUSDe
KNINE Dips
As of writing, the KNINE token’s price has dropped 8.24% in the past 24 hours and is currently trading at $0.00009063. This added a bearish tint to SHIB’s partner token today, contrasting optimistic sentiments birthed with the listing announcement. However, with BitMart extending support to KNINE with its listing, crypto market enthusiasts expect the token to take a cushioned effect ahead.
Meanwhile, KNINE’s plunge today also appears to align with the broader downtrend witnessed by Shiba Inu, as even SHIB’s price dipped notably today. Shiba Inu traded at $0.00002692 with a 10.89% drop in the token over the past 24 hours, adding up to speculations over future price action shifts.
Also Read: Crypto Airdrops To Invest In April 2024
- Cathie Wood’s Ark Invest Backs Nasdaq-Listed Solmate To Launch $300M Solana Treasury
- First U.S. Spot Dogecoin and XRP ETFs Launch as REX-Osprey Debuts DOJE and XRPR
- Analyst Calls $6 XRP Target for November Amid Ripple CEO’s White House Stockpile Hint
- Ethereum Faces Selloff Risks As Whales’ Unrealized Profit Hits 2021 Highs
- Expert Predicts 138% Shiba Inu Rally as SHIB Futures Listing Opens Spot ETF Path
- Cardano Price Stays Above Ichimoku Cloud as Grayscale ADA ETF Approval Nears
- HBAR Price Prediction as SEC Approves Generic ETF Framework – Analyst Targets $1.80
- Toshi Coin Gains 57% in One Day: What’s Driving the Sudden Upside?
- Shiba Inu Price Set to Soar as Exchange Reserves Dive Amid SHIB ETF Chatter
- Pepe Coin Price Prediction as Whale Moves $25M From Robinhood- Is a Breakout to $0.00002 Next?
- XRP Price Prediction as Market Longs Hit 78% amid VivoPower Treasury Expansion Launch — Is $4 Next?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
