Shiba Inu’s KNINE Scores Major Listing on BitMart

In an exciting development, the new LSD (Liquid Staking Directive) token KNINE has secured a major listing on BitMart, one of the top cryptocurrency exchanges. The news has sent excitement across the Shiba Inu community as a popular member highlighted the move on X earlier today.

BitMart had initially announced that its deposit features for KNINE would be opened on March 31 and trade features would begin on April 2. Since then, investors have been waiting patiently to begin trading the asset.

Prominent Shiba Inu community member spotlights KNINE listing

A known figure in the SHIB community, referred to as SHIB KNIGHT on X, earlier highlighted the update, reminding investors of the move to list KNINE on BitMart today. The listing of KNINE on BitMart marks an important milestone for the project.

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

Tokens are known to exhibit major growth after well-known crypto exchanges announce their support and the KNINE community hopes that this is the case with their beloved project. Investors are keenly watching to see the price movement when the trading features go live.

Meanwhile, the price of the token has significantly dropped today according to data from CoinMarketCap. Over the last day, the price has dipped by over 11% causing it to add one more zero to its value, resting at $0.00008925.

Yesterday, KNINE also benefited from a sharp market upsurge shooting its price to an impressive $0.000106 per coin. Even though the price has significantly dropped in the last 24 hours, investors view this as an opportunity to amass the token at a discounted price ahead of its listing on BitMart.

Historically speaking, other cryptocurrencies have shown similar price movements before their listing on popular exchanges and then turned the opposite direction to print massive numbers after going live. Tokens like Blur, and DYM are perfect examples.

KNINE-BitMart Listing Schedule

Per the announcement on the BitMart website, KNINE will list on the platform as follows:

• Deposit feature: 03/31/2024 3:00 PM (UTC)
• Trade feature: 04/02/2024 3:00 PM (UTC)
• Withdrawal feature: 04/03/2024 3:00 PM (UTC)
• Trading Pair:  KNINE/USDT
• Trading Zone: Innovation

More About KNINE

As a result of Shiba Inu and K9 Finance’s collaboration, KNINE is a token that is part of the Shibarium network’s liquid staking derivative (LSD) platform. The goal of the project is to make DeFi (Decentralized Finance) easier to use across Shibarium, Shiba Inu’s layer two systems.

K9 Finance enables users to stake their digital assets while retaining liquidity, overcoming the drawbacks of conventional Proof-of-Stake (PoS) systems. This permits users to participate in a greater variety of DeFi applications without having to lock their assets away.

As the crypto community awaits the imminent listing of KNINE on BitMart, all eyes are set on the price trajectory with hopes that it goes up north.