Bittime - Shiba Inu's KNINE token, an LSD (liquid staking derivative) token, is attracting significant investor attention.
This was triggered by a post by a prominent member of the Shiba crypto community highlighting the token's imminent listing.
SHIB Knight, a well-known influencer in the Shiba Inu community, shared information on the X platform about KNINE token trading plans.
The renowned crypto trading platform plans to expand its support by listing KNINE tokens and starting same-day trading, starting today.
What is KNINE Token?
KNINE is the result of a partnership between Shiba Inu and K9 Finance, a liquid staking derivatives (LSD) platform for the Shibarium network.
This token aims to facilitate and enhance DeFi (Decentralized finance) across Shibarium, Shiba Inu's layer two solution.
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BitMart Will List KNINE Token
Based on information from SHIB Knight, BitMart will list the KNINE token on its platform today, April 2.
The KNINE/USDT trading pair will also be listed on the platform, and trading for the pair will begin today as of press time.
The KNINE LSD token achieved significant achievements in its journey in the world of cryptography which has just begun.
On the other hand, the crypto market is showing great interest in this token, even though its price experienced a drastic drop today, contrary to the optimistic token listing news.
How to Buy Crypto
Crypto Market Voluptuous After Exchange Listing
As previously observed, crypto assets experience fluctuating price movements after being listed on exchanges. Some cryptocurrencies, such as Blur and DYM, experienced an increase in value after listing.
However, other tokens such as RONIN experienced significant declines. These fluctuations fuel speculation about KNINE's future price movements. The reason is, the LSD token experienced a decline after the news of its listing on the exchange.
Also read: Will Shiba Inu (SHIB) Touch $0.0001 in 2024? Elliott Wave Analysis Answers
KNINE Price Conditions
The KNINE token price saw a decline of 8.24% in the last 24 hours, trading at $0.00009063 currently.
This decline is in contrast to the optimistic sentiment that emerged after the announcement of KNINE's share listing.
Nonetheless, crypto market enthusiasts hope that the token will perform better in the future, with the support of BitMart recently adding KNINE to its platform.
This decline is in line with the broader downtrend also experienced by Shiba Inu. The price of SHIB dropped drastically to reach $0.00002692, with the token dropping 10.89% over the last 24 hours. This decline raises speculation regarding future changes in price action.
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Conclusion
K9 Finance and Shiba Inu's partnership resulted in LSD (KNINE) tokens attracting a lot of attention today, sparked by BitMart's announcement of plans to list the token.
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime .
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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