Bitrue Crypto Exchange Launches Shiba Inu Staking Pool With 10% APY

Empuriabrava, Spain, June 2021 – Man holding one Shiba token, coin with Shiba symbol, concept of investing in Shiba token

Bitrue, the Singapore-based crypto exchange, has recently made significant strides in the Shiba Inu ecosystem, introducing the highly anticipated Shibarium staking pool and listing LEASH, one of the ecosystem’s prominent tokens. These developments provide users with the opportunity to earn SHIB, enjoy attractive returns, and access enhanced trading options. 

Shibarium Staking Pool Launches, Offers Lucrative Returns

Bitrue has boosted Shibarium staking pool, announcing that it is enabling users to stake their LEASH and BONE tokens and earn SHIB, the second-largest dog-themed token. 

With an impressive annual percentage yield (APY) of 10%, the staking pool provides users with a lucrative opportunity to earn passive income. 

The staking period will last for 30 days, allowing users to participate in this for a month. Bitrue urges users to take advantage of the early stage as these investment opportunities are expected to sell out rapidly.

Bitrue Lists LEASH, Expands Trading Options for Shiba Inu Ecosystem Token

Bitrue has expanded its support for the Shiba Inu ecosystem by listing LEASH, providing users with enhanced trading opportunities. The listing allows users to access deposit features on Bitrue’s trading platform, paving the way for increased liquidity and market engagement.  

SHIB price recovers above $0.000008 | Source: SHIBUSD on Tradingview.com

In response to the listing of LEASH, Bitrue expressed their enthusiasm on Twitter, stating:

 “We are excited to announce the listing of LEASH on Bitrue! You can now enjoy trading opportunities with LEASH, one of the key tokens in the Shiba Inu ecosystem. Don’t miss out on this exciting addition to our platform!”

Investors and enthusiasts are now turning their attention to the potential for substantial returns with Shiba Inu ecosystem tokens. Bitrue’s recent announcements have created anticipation among SHIB holders, as the expansion of the PowerPiggy service offers exclusive benefits for new users. 

However, BONE, the governance token for the decentralized exchange ShibaSwap, has witnessed price fluctuations. Currently priced at $1.23, BONE has experienced a decline of 92% from its all-time high (ATH). However, if BONE were to reclaim its ATH of $15.50, investors would need an investment of $79,354 right now to achieve a $1 million return.

LEASH, designed as the Doge Killer within the Shiba Inu ecosystem, reached an ATH of $8,983 shortly after its launch but faced the impact of a bear market, resulting in a current price of $416. Although down 95.35% from its ATH, the future price movement of LEASH remains uncertain. Should LEASH rally by 2,059% and reclaim its ATH, an initial investment of $46,176 at current prices would yield a $1 million return.

Featured image from iCloud, chart from Tradingview.com