Binance promoting Shiba Inu

[2girls]

SHIBA is a very great coin so the binance are promote a SHIBA so that is clearly show that Shiba will get bright future in few time and the Shiba are show his value on those who said shiba is not good project hopefully it will get better Position in crypto world.

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[Pelana vreo]

as I can see, SHIB keeps pumping and the fundamentals of this coin keep evolving, at first it was a memecoin, but strangely SHIB is listed on Binance, whereas there are coins that are much better and have strong Fundamentals not listed there.
The memecoin hype looks like it's going to last a long time, as there are lots of holders and traders looking to make lots of quick profits from memecoin, DYOR and as long as it's profitable I don't think there's anything to worry about.

[Evgenklm]

it is not surprising, because the volume of trading on binance of this coin is simply record, so it is in their interests, most likely it happens according to some kind of partner scheme, this is a normal experience among large exchanges.

[nicolas1979]

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Shiba is listed on the Binance exchange, so promotion by Binance is nothing new, as Binance is doing the same with other tokens listed on their exchange. However, after Binance's tweet the price of Shiba tokens started to increase. But can these prices hold up well?

[Questat]

There is nothing wrong with the results of the promotion, as long as it doesn't conflict with crypto rules, this makes Shiba even more profitable, even if the promotion has to be paid at a high price, Shiba really wants to prove that they are able to be in a position and the selling price is expensive, so that the promotion pattern must be carried out, this prospect is basically quite good, but let's see the development of the results of the promotion.

And I thought so.
Binance is also doing its part to keep people aware that they are now accepting Shiba Inu and encourage traders or investors to use their platform instead. It is a sort of making awareness and with the use of social media platform contributed a lot which I believe this could gain more profit to both of them. And this to imply that Binance has an influence on the market and gives Shiba Inu a positive perspective, and this is a part of their deal I guess. As they are helping each other, the far it goes and this could picture out that this project seems to have fortune.

[dbc23]

News like this is just an indication to buy more Shiba Inu and hold but applying risk management even in your holding will say a lot. Remember Shiba Inu is just a meme coin despite the hype it has no significant use and as such can cause a major crash any time in the future so trading with big caution would save a whole lot

[Lanatsa]

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.

Very normal for exchange platforms on listing out coins which are on trending or in hype just for the sake of liquidity and volume of course.Its already been a while on where SHIB is been listed and traded up on Binance.

In regards with Elon musk then this guy do really make out words which the community do make some immediate reactions.Im much aware of those
clarification made out by Elon about not holding shib.

Of course the public would make out presumptions that the price might be going down and it did.

[Naficopa]

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Shiba is listed on the Binance exchange, so promotion by Binance is nothing new, as Binance is doing the same with other tokens listed on their exchange. However, after Binance's tweet the price of Shiba tokens started to increase. But can these prices hold up well?

Shiba is a twin coin to Doge, so if their history will be similar, you can expect the price to continue to rise. I think we can expect further Shib increases until the next bear market. Of course, the listing on Binance was a very important moment, but Binance is promoting all the coins that can be traded there.

[bct-user]

Shiba is listed on the Binance exchange, so promotion by Binance is nothing new, as Binance is doing the same with other tokens listed on their exchange. However, after Binance's tweet the price of Shiba tokens started to increase. But can these prices hold up well?

But you must admit that the promotion done by Binance to have a real impact on the SHIB price. With the big name of Binance, whatever coin they promote, should bring a good impact to the price of that coin. People will think that SHIB to have a good future in Binance and it is the indicator of the potential of that coin. People will be interested to buy more SHIB, and it really happened yesterday.

[livingfree]

It's not that they really are promoting it.

They have commissions per trade so that's why they want everyone who's trading shib to go to their exchange and have their trades there. It's common when an exchange do that.

[nikola22]

Shiba is listed on the Binance exchange, so promotion by Binance is nothing new, as Binance is doing the same with other tokens listed on their exchange. However, after Binance's tweet the price of Shiba tokens started to increase. But can these prices hold up well?

you are right, Binance just trying to earn additional money on Shiba Inu hype while it's in full swing. who knows maybe in 2-3 months SHIB volumes will be 1/10 from today's.

[Pamadar]

News like this is just an indication to buy more Shiba Inu and hold but applying risk management even in your holding will say a lot. Remember Shiba Inu is just a meme coin despite the hype it has no significant use and as such can cause a major crash any time in the future so trading with big caution would save a whole lot

You should always have that in mind before investing,

risk management is very needed since the fluctuation can be favorable or also not favor to your position,
but if you do believe that there's a big chance taking the risk and step up to invest always depends on how you take your investment.

Binance most of the time, (if not always) hypes every coin that is added to their exchange. Shiba is gaining more interest so they are just riding and earning out from it.

[nekorakoeora]

Shiba inu has been very strong these days. It's also on the facebook community I started talking about the future and potential of Shiba inu. And I now understand why Shiba is trending. It turns out that binance also promotes Shiba inu that makes the trend of Shiba inu strong. The Shiba Inu is the second beast coin after the powerful dogecoin to survive for the long term.

For the meme coin category, shiba has a unique way of promotion. I also found on Facebook the holders of shiba calling themselves shiba army confident that this coin will exceed the doge. If it is going to be able to be like a doge then from now on for long-term investments will be a great result.

[superman184]

For a coin meme like Shiba does have an amazing following, even now the Shiba Inu has pumped up twice. Indeed, seeing the development of the Shiba Inu is quite interesting and a little trying to shift the existence of the Doge who at that time had been widely discarded. With the emergence of the Shiba Inu, it is clear that this is a new target for investors, and many are making huge profits from the sale of the Shiba Inu.

[giammangiato]

For a coin meme like Shiba does have an amazing following, even now the Shiba Inu has pumped up twice. Indeed, seeing the development of the Shiba Inu is quite interesting and a little trying to shift the existence of the Doge who at that time had been widely discarded. With the emergence of the Shiba Inu, it is clear that this is a new target for investors, and many are making huge profits from the sale of the Shiba Inu.

When no one believed it, the doge gave me satisfaction! Spending some money on shiba is not to be overlooked.
I think it is an investment to make, I was reading an article by a person who bought 8000 $ in shiba, I would say that in this period it has paid off

[letyouearn]

Rumours... Never saw Binance promoting Shiba in this way. Moreover, they are quite careful when speaking about such memecoins usually. But I really don't care much about this coin - don't want to gamble here.

[blockman]

Rumours... Never saw Binance promoting Shiba in this way. Moreover, they are quite careful when speaking about such memecoins usually.

When the craze of IEOs, they have been promoting a lot of projects and helping them to be better in marketing. That's why if Binance sees a project that they'll earn as well by promoting it, they won't care to do it and just put it right away to the best that they can and will make a simple article about it.

But I really don't care much about this coin - don't want to gamble here.

I don't invest on the coin but let's just acknowledge those that have made profit trading it.

[Dragonfund]

Binance is open for business and will always be a business place. Have you check why they remain with just 21 node despite having one of the fastest network that's efficient than ethereum.
If I recall, the day Binance listed Shiba Inu, they ran out of Erc-20 deposits addresses because of the demand in shiba. They will do anything to promote their interest, that's what they are and what the company interests.
But OP, tell me, you wouldn't have complained about it if you are holding some bags of Shiba Inu

[lizarder]

Binance is open for business and will always be a business place. Have you check why they remain with just 21 node despite having one of the fastest network that's efficient than ethereum.
If I recall, the day Binance listed Shiba Inu, they ran out of Erc-20 deposits addresses because of the demand in shiba. They will do anything to promote their interest, that's what they are and what the company interests.
But OP, tell me, you wouldn't have complained about it if you are holding some bags of Shiba Inu

Binance is the path of entrepreneurs outside the ecosystem, actually many projects they hold, none of them are specifically tied up from the start, this they did in their second journey, the interests of the company far outweigh the criticism of many people, so Binance doesn't really care about promotion what they did to shiba, because basically they benefited for two reasons, first the profit from shiba promotion and second from the exchange that took place on Binance.

[South Park]

Rumours... Never saw Binance promoting Shiba in this way. Moreover, they are quite careful when speaking about such memecoins usually. But I really don't care much about this coin - don't want to gamble here.

And that is the right word here, Shiba is a gamble and it is not the sure thing that some investors are trying to make it look, if someone wants to invest in the coin and they can get profits then good for them but by doing so they are taking a huge risk, and just as it could go right it could go wrong, and even if people cannot picture this coin crashing it could happen, and when it does you do not want to be invested there as the losses could be massive.