![]() ![]() Not what one would expect when excitement is returning to the market. Why Coinbase, Riot Platforms, and Shiba Inu Are Falling Today By Bram Berkowitz at 2:08PM Key Points The SEC claims Binance misled investors and regulators. This suggests that some investors have reacted positively, but the network growth has fallen to a new weekly low. SHIB’s daily active addresses soared to a new weekly high in the last 24 hours. The announcement may have already triggered a positive response in the market. The timing is particularly important as it aligns with the expectation that the market is entering altcoin season. A potential outcome of this announcement is that it might boost investor confidence. SHIB’s transition from the Binance innovation zone is good news for traders using the exchange. Binance stated that projects that meet the standards after regular review will be removed from the innovation zone. Those tokens and cryptocurrencies have now proved their worth by meeting the high standards set by the exchange.īinance will move SHIB, FXS, TWT, and 1INCH out of the Innovation Zone and into the official trading zone on April 18. Projects graduate from the Binance innovation zone once they meet all the listing standards.Īccording to a recent Binance announcement, Shiba Inu is finally moving out of the innovation zone along with a few other cryptocurrencies. But what exactly is this zone? It is a segment on the exchange that is designated for new and innovative crypto projects before they are fully vetted. Better known as the Binance innovation zone. Ever since Binance listed SHIB on its exchange, the memecoin token traded under a special trading zone.
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