Binance promoting Shiba Inu

[LordMiguel]

i am still struggling to understand what a meme coin with little or No values adds up to the crypto space. Dego coin took us by surprise and now many are millionaires for holding Dogecoin. Shibu came up with such amazing marketcap. the volume and marketcap of shibu was unexpected. i think exchanges promoting memecoin might give raise to crypto exchange developing such project and rewarding members with it. we are yet to understand why binance does this.

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[sovie]

I don't think it is about promoting SHIBA as a coin literally, but Binance announces that you can now trade SHIBA on their platform. These types of promotions are made for almost every popular cryptocurrency entering Binance. Not only does Binance organize such promotions, but it is a normal practice used by almost all cryptocurrency exchanges.

[cafee_orange]

I don't think it was done by Binance Party for the purpose of campaigning for Shiba Inu, but since Shiba Inu has been officially listed on their exchange Platform, this is a common thing in my opinion. but by doing it by Binance like that there is a positive value going on with Shiba.

[Koro-Sensei]

I don't think this is much of a problem. Top exchanges promote coins or tokens they feel have much more traction, over its competitors. And binance is no exception. I think Shiba Inu would eventually eclipse Doge coin as the king of meme coins aka shit coins. Lol

With the current tweets from shiba Inu, they asked Elon about how many Shib he has and Musk replied none. In that instance, Shib drop over of 20% so its unlikely to Shib to overcome the Great Doge backed by Elon Musk. Still many are ignorant with the meme coins they support but we cant blame them though.

this is a painful thing for shiba, when Elon musk maneuvers with his tweet, even though shiba is still doing well because of his collaboration with binance.  sometimes rich people like to do arbitrarily.

Yeah, the drop was not permanent. It only took a day to recover its price and probably that was just a fake dump caused by hardcore fan of Musk who hold Shiba too. Nonetheless, binance nowadays support shitcoins so the audience for Shiba would be so damn good. Even coinbase's most traded coin is shiba. Shiba Army is doing it.

[Kodok Bencot]

The pump continues occur when the top 3 is red Shiba Inu today it goes up more than 20%. It can be said that the Shiba Inu is the most fantastic coin in 2021, a significant price increase has made the Shiba Inu position now ranked 11th, I'm sure this year the Shiba Inu will enter rank 7.

[BAGOBO]

The positive value is definitely there, but believe me that playing with Shiba Inu always has a greater risk than with others because Shiba is only viral because of Hype alone not because of good Utilities, while others live with very good Utilities aren't they with the hype.

Shiba Inu has entered the second pump phase since the last 2 months so it is very important to analyze risk before trading hype coins in the long term, it is recommended that you may make short-term profits or scalping in the game of coins that are trending in the top positions.

[19Nov16]

Now more and more exchanges are accepting Shiba Inu, according to the predictions of many Shiba Inu experts will beat DOGE and seeing the current trend of course this is realistic, the large transaction volume makes me optimistic that Shiba Inu will beat DOGE this year.

[nikola22]

Now more and more exchanges are accepting Shiba Inu, according to the predictions of many Shiba Inu experts will beat DOGE and seeing the current trend of course this is realistic, the large transaction volume makes me optimistic that Shiba Inu will beat DOGE this year.

you mean Shiba Inu will beat Dogecoin in terms of market capitalization? I doubt that price of 1 SHIB will overcome the price of 1 DOGE because there are 497 730 966 630 395 SHIB tokens in circulation.

[jaberwock]

Now more and more exchanges are accepting Shiba Inu, according to the predictions of many Shiba Inu experts will beat DOGE and seeing the current trend of course this is realistic, the large transaction volume makes me optimistic that Shiba Inu will beat DOGE this year.

you mean Shiba Inu will beat Dogecoin in terms of market capitalization? I doubt that price of 1 SHIB will overcome the price of 1 DOGE because there are 497 730 966 630 395 SHIB tokens in circulation.

In reality it's not possible but in last few months we have some big changes happening in crypto market that someone come and hyping about one coins for his own sack and then enjoying big profit like Elon Musk may be this can happen in this case as well, but amount is still very, very big, so this can't go to beat Dogecoin in price, but they can go near them with some better value which is possible because meme coins have nothing with this community just for pump and dump them suddenly disappearing from market with very big loses to community.

I also check this tweet it's just nothing because every time when new coin is coming exchanges post tweets like this nothing special.

[Devifajarina]

when binance added shiba in marketing of course everything had been thought out carefully I think because indeed they can't add something without any profit in it even though adding shiba is a gamble but as long as they are profitable why not do it.
other than in a broad sense we really can't think of shiba as a marketing coin but this would be even better because until now shiba is a hype coin that is still in demand at least for now even though this coin is not suitable for the long term and is only for pump and dump only .

That's the function of marketing, they will do anything to make a profit from that marketing, and that's okay they can do, as long as marketing can be profitable, it's true that shiba is still enjoyed by some people today, but for a long term investment, I think we need to find another coin, given the current number of Shiba coins and very different from Doge coins, which is why long term investment is not suitable for us to do.

[cafee_orange]

I don't think it was done by Binance Party for the purpose of campaigning for Shiba Inu, but since Shiba Inu has been officially listed on their exchange Platform, this is a common thing in my opinion. but by doing it by Binance like that there is a positive value going on with Shiba.

The positive value is definitely there, but believe me that playing with Shiba Inu always has a greater risk than with others because Shiba is only viral because of Hype alone not because of good Utilities, while others live with very good Utilities aren't they with the hype.

it seems that when talking about risk, it is not only the shiba inu that has a big risk, with other coins, I think the risk is almost the same. but for now in my opinion playing in shiba there is absolutely no risk, but for everyone it is necessary to be more careful and more vigilant because shiba is the newest token that has a strong community.

[Natalim]

I don't think it was done by Binance Party for the purpose of campaigning for Shiba Inu, but since Shiba Inu has been officially listed on their exchange Platform, this is a common thing in my opinion. but by doing it by Binance like that there is a positive value going on with Shiba.

The positive value is definitely there, but believe me that playing with Shiba Inu always has a greater risk than with others because Shiba is only viral because of Hype alone not because of good Utilities, while others live with very good Utilities aren't they with the hype.

it seems that when talking about risk, it is not only the shiba inu that has a big risk, with other coins, I think the risk is almost the same. but for now in my opinion playing in shiba there is absolutely no risk, but for everyone it is necessary to be more careful and more vigilant because shiba is the newest token that has a strong community.

With regards about Binance promoting SHIB, i have sense that this is more on hyping SHIB because that's what meme coins are all about. Although its undeniable that SHIB has a good community at the moment, but if Binance is starting to promote it, the news should be coming from the exchange itself and not literally from the SHIB page. Some may consider it as a FOMO, but if we take SHIB as a potential investment, then it would not need any hype or FOMO because its growing community itself and its increasing demand is already enough to convince others to invest in SHIB.

[Fredomago]

With regards about Binance promoting SHIB, i have sense that this is more on hyping SHIB because that's what meme coins are all about. Although its undeniable that SHIB has a good community at the moment, but if Binance is starting to promote it, the news should be coming from the exchange itself and not literally from the SHIB page. Some may consider it as a FOMO, but if we take SHIB as a potential investment, then it would not need any hype or FOMO because its growing community itself and its increasing demand is already enough to convince others to invest in SHIB.

If you act quickly after reading this kind of hypes, you are in the green status with your investment, 143% for a week and almost 50% in a single day increase, this kind of hypes really bringing the attention of those investors who loves taking the risk. Logically, those experienced traders always seen good opportunities if there are something that being cooked behind, Binance is not making any statement while Shiba promoters are doing great for bringing this kind of stuff out.

They managed to attract more people to bring their money to pump this coin and they are not doing any damage to keep the momentum high.

The sad thing here is when you bought your coin at the peak, then suddenly the price start to dump down. The very risk of investing inside meme project. 

[ziyaaa]

It is really interesting. I have been using Binance a lot for a long time. But I haven't noticed this news until seeing it here. I don't know if Binance promoted a coin like this before but I'm witnessing it for the first time. SHIB could be the most popular altcoin in the recent times. People talk about it a lot. Elon Musk also talked about it but he said that he didn't own any. And the price decreased sharply right after that.    Let's see if we will witness a new pump after this promotion.

[sana54210]

This kind of news that Binance being related to Shiba is viral on twitter after $SHIB first pump on this current bull run. $SHIB team is always known for hyping and using it attract more user. I'm sure they are paying a lot on this paid advertisement and I'm sure that CZ agree on this since he will a huge pay check by doing it and additional volume from $SHIB holder community.

But I feel why binance might need to do this? They already have their own coins and stablecoin and they must need lots of funds to keep their own coins competitive and attractive among this crypto community hence in between what would be the need for them to adapt another coin in the middle. Honestly I am clueless on what would be the reason behind this.

Probably binance may support through its verious portal and platforms and definitely not by adding investments with Shiba Inu. Who knows, after getting tired by pumping their own coins and tokens, they may get into such coins and tokens to pump with the plan of dumping later on.

[Yamifoud]

This kind of news that Binance being related to Shiba is viral on twitter after $SHIB first pump on this current bull run. $SHIB team is always known for hyping and using it attract more user. I'm sure they are paying a lot on this paid advertisement and I'm sure that CZ agree on this since he will a huge pay check by doing it and additional volume from $SHIB holder community.

But I feel why binance might need to do this? They already have their own coins and stablecoin and they must need lots of funds to keep their own coins competitive and attractive among this crypto community hence in between what would be the need for them to adapt another coin in the middle. Honestly I am clueless on what would be the reason behind this.

Probably binance may support through its verious portal and platforms and definitely not by adding investments with Shiba Inu. Who knows, after getting tired by pumping their own coins and tokens, they may get into such coins and tokens to pump with the plan of dumping later on.

Well, we never know exactly what is their plan but I believe they both are benefiting from this. As Shiba Inu projects gain more attractions and investors, Binance exchanges are making a huge profit as well. And I think, they are making more than the project itself.
This is a part of their game, their market strategy is very effective. But anyway, I don't look that much nor we should, as long as they promote potential projects, that is not a problem and besides, they are helping us to determine which projects will seemingly be growing.

[Daltonik]

The owner of the wallet 0x6f3542983ee2b3370fc4074d4f73ddedb437c51e has been actively increasing the amount of $SHIB for ten days since October 23, the last purchase from him was made on November 2 and at the moment he has more than 11 trillion $SHIB worth more than $744 million.  https://watcher.guru/news/mysterious-shiba-inu-whale-buys-750-million-worth-shib-coins-in-the-last-10-days

[Semar Mesem]

Shiba Inu's performance is amazing, I didn't expect Shiba Inu to be what it is today, the thing that makes Shiba Inu continue to skyrocket is the number of issues of world millionaires investing in Shiba Inu and this can be seen from transfers with large amounts of up to millions of dollars.

[darahjuang]

With the promotion of the Shiba Inu by Binance, it becomes clear that the Shiba Inu is not just a meme coin. Then another effect that we can see behind the promotion of Shiba Inu by Binance, then Binance will also benefit from every Shiba Inu transaction. That's my opinion.

[Daltonik]

For the launch of SHIB/ DOGE trading, binance will distribute millions of tokens to all new traders from October 3 to October 10 with a total trading volume (including both purchases and sales) of at least $500 for the corresponding trading pairs, SHIB and DOGE will equally share the exclusive prize fund of 20,000,000 SHIB token vouchers. https://www.binance.com/en/activity/marketing-campaign/59babdb940224d0c8fc180c3593daceb

And also in the telegram channelhttps://t.me/binance_announcements, a promo campaign is taking place for all new and existing P2P users there are 48 hours to buy a $100 cryptocurrency on Binance P2P to get a chance to win gift cards worth 480,000 in SHIB. A total of 100 winners will be selected, registration is required to participate in the promotion  https://docs.google.com/forms/d/e/1FAIpQLScwhPcLupbtgvl2nYZFZ0e5OlE1GWWfulwpcYJqRldCsXPMPg/viewform