Binance promoting Shiba Inu

[Bitstar_coin]

binance is business oriented and a profit making company as well, it is not surprising if they choose to promote shiba inu since the hype of this very project is very high, this can literally increase the user base of binance the more, lots of people have made good profit from shiba and there is still more to be be made in long term probably, plus binance will want to keep the flame of shiba burning very actively, between i can see nice price moment on shi b already i guess the promo is gradually taking effects.

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[aylabadia05]

When Binance promoted Shiba Inu, it seemed to me a natural thing for Binance to do as an Exchange on their platform. Something like this has also been done by several exchanges that have their own coins. What Binance did, could have a positive effect on Shiba Inu going forward. So, such a thing is nothing new and not surprising.

[iv4n]

Well, I saw Shiba Inu in some crypto casinos! BC.Games have it in their wheel, 100 Shiba Inu reward, Wolf is accepting it from recently... and now I see Binance is promoting them as well! Something is happening with this Shiba, I am not in that, so I don't have any clues about what is going on, but I will check them!
I am always careful with new meme coins, so I don't jump in early stages!

[devil2man]

i don't think binance directly promotes shiba like putting it among its banners on the site or at the top of token lists, perhaps giving high stake for staking in order to entice you to buy them, this yes

[Devifajarina]

I don't think this is promoting shib as a whole, it's just a form of announcement against shib trading on the platform, and this kind of condition is the effect of shib pumping at this point, so they are making massive promotional payments to attract user interest, generally no promotions which is free, let alone promoting the shib by chance without any special agreement between them, things like this are a promotional step taken by the shib at this time.

[pinggoki]

Pretty sure this is nothing but a paid advert SHIB devs have made to cater their listing on binance. They are pretty much known for using their hype for their advantage and I'm not saying that it's not good, but nonetheless doesn't really reflect what they can really do as a cryptocurrency. In a few days' time depending on their contract this should be lifted off of their front page and things will go back to normal, with their hype possible subsiding along the way. In that case, they would have to find a new way to garner people into their cryptocurrency.

Well, I saw Shiba Inu in some crypto casinos! BC.Games have it in their wheel, 100 Shiba Inu reward, Wolf is accepting it from recently... and now I see Binance is promoting them as well! Something is happening with this Shiba, I am not in that, so I don't have any clues about what is going on, but I will check them!
I am always careful with new meme coins, so I don't jump in early stages!

That's the risk of being a late adopter. You don't get to enjoy the biggest pumps from when the coin was still unheard of. SHIB has been posing some great growth lately and thus their developers are only wise to weaponize this as a form of hype campaign to ensure that their price continues to rise if not stabilizes at a reasonable value. Again, the hype doesn't necessarily reflect their purpose or mission in the cryptocurrency space so it's still good that you are being wary, just saying that being too scared would really keep you out of the biggest pumps in the market if so.

[abralzain17]

we don't know what the purpose of binance is to promote Shiba inu, hopefully there will be an increase in the price of shiba after being promoted by Binance and I think if there is good cooperation between Binance and Shiba then it is very likely that the price of shiba will be higher

[Slow death]

man i saw everything related to this altcoin that shocked me, weeks ago when i was going to download a movie i accidentally click on a porn site that was there an ad for this altcoin, i said to myself: " it is not possible that if it got to this low level " so I went to see the price of this altcoin and to my amazement the price kept going up, I immediately realized this altcoin has an army of people advertising all over the place, just for the price to increase. i think binance shouldn't be advertising any altcoin

[QueenVera]

It's a common thing in crypto space because all exchanges will promote those coins/tokens which will provide more revenue into their platform.

Exchange only cares about their revenue, they do not care if their customers are getting scammed by all the meme coins and NFT been trended daily in the industry. Knowing this will help you make better decisions when it comes to investing. Do not just invest in a project because it is trading on your favorite exchange. Do not forget also that exchange can list and also delist any project of their choice.

In this case, Binance is trying to raise revenue as Shiba Inu has been trending for days now and they do not want to miss out on the commission fees as more and more traders are buying into trading the coin.

[Hypnosis00]

We can see it literally once there is a new coin listed on their platform, kinda be a sort of a promotion or announcement? Well, that is very important also for the sake of public information and awareness, and it was beneficial for them.

Knowing that SHIB Inu is growing, this really deserves to be promoted as well. And besides, both of them will receive the benefits of this project if ever it will grow more. Think that they are in business and it was the part of Binance and their job to help and spread the news like this, something it attracts more attention.

[SquallLeonhart]

I don't think they are promoting it literally, I've seen this kind of thing with Coinbase when they began trading SHIB on their platform. This will end in a couple of days and this was more like an announcement that it's available now from their platform or perhaps I'm missing something that Binance was really into SHIBs success. More like a FOMO to me.

Yeah, it is not really "promoting" when you consider they are going to list it and that means that listing will come with promotion for every coin. It is not a shock that binance will want everyone to trade it, and if the price keeps going down and the trades are mainly people dumping then it will not be a long term deal. The reality is that binance wants every single coin and token to succeed because if people keep buying then the price will go up and then there will be more people who end up buying as well.

This is why it is smarter to actually promote any coin they list. This doesn't mean they do not believe in the token, or doesn't mean they believe in it neither, it just means that they want people to trade it as much as possible and for as long as possible. Exchanges make their profit based on the volume, and promoting will give it a lot higher volume.

[Raflesia]

Well, I saw Shiba Inu in some crypto casinos! BC.Games have it in their wheel, 100 Shiba Inu reward, Wolf is accepting it from recently... and now I see Binance is promoting them as well! Something is happening with this Shiba, I am not in that, so I don't have any clues about what is going on, but I will check them!
I am always careful with new meme coins, so I don't jump in early stages!

Shiba inu has become a popular meme coin with high hype even recently being pumped again so I think it's only natural that an exchange platform would promote it to raise awareness of people who want profit but I think behind all of that there must be some risk involved. I'm worried about token dumping, but I don't think that's going to happen.

Does that mean that there are now many gambling sites that accept shiba as bets there?
But still, if you are on the erc20 network, it will be very difficult for small gamblers who want to try it.

[thesosorr]

If Binance promotes the Shiba Inu Token, I think something good will happen to the Shiba Inu even though the promotion carried out by Binance on the platform is a natural thing to happen and other exchanges have done to tokens or coins like what Coinbase has done even though it's not Shiba Inu.

[_IRMAN]

Binance is promoting all hype coins/tokens not just $SHIBA, because Binance wants that hype traffic to go to Binance rather than to its competitors.

[Dart18]

Money is money. Business is business. As long as they will acquire something in return they would gladly take anything including a meme coin promotion even if it will wreck their reputation. Or not. I think Binance have that powerful belief that no one can bring them down anymore with the trust given by all their customers. I hope they won't be wrong about it.

[Gayong88]

Shiba Inu went up because DOGE was booming at the time and continues to fly high today because of listing on Binance and this is one of CZ's opinions about it some time ago https://prnt.sc/1x80t02 so. In my opinion, just focus on the fully diluted market cap, which is to calculate the crypto valuation based on the total supply only as a reference material if you want to invest.

[so98nn]

Come on, they are not doing it. It's just another flag of binance over their website. They are doing it with multiple coins all the time. They keep coming with such ideas and promotions with different different coins all the time. Moreover, I actually invested in SHIB INU when I saw their contest banner few months ago. So it is not the first time they have done this. Also there is nothing special about the SHIB INU, so dont get any special ideas out of this. It's just the way binance promote different contest now and then to attract more and more clients to trade those coins and ultimately use binance. For example, this competition can lead to heavy traffic on the exchanger, driving more volume etc.

[ashmodeus]

so far i know , when some coins come to US Market , its mean credibility of that coins must be good , meanwhile , shiba has changed which was just a meme token, now it's a legitimate project, yeah even though I don't know where it is, i just read it from article, so what u mean promoting its not really promotion, they(binance) just added new market on their exchange on US.

[Bitbtc8]

I don't know why people are feeling so hesitant to invest on shiba, they have forgotten that even if a crypto project have a very good use case it's still left for the team to make sure the project is successful well it's same story for all crypto projects either meme coins or not, it's 💯 left for the team to show what they can do and shiba isn't lacking behind on that area

[TastyChillySauce00]

It seems like that you are not familiar with binance.  that's not even a promotion by binance for shiba inu. Shiba inu got listed on binance US and that's why it was creating an awareness for users to make sure if they can aware if shiba already listed in binance US. Binance global was also doing this when it was listing a new token. Im always seeing a new banner appears when a new coin already introduced to be traded on binance.
If the token was also creating a trading competition and some banners may appear as information about such event.
That's only an information by binance US for its traders. It's not a promotion trick of something else related to the promotional event. So many exchange sites were also doing this thing.