Binance promoting Shiba Inu

[FanEagle]

Uuhm, isn’t this like the normal thing that exchanges do when they release a new cryptocurrency on their platform? If an exchange releases a new cryptocurrency on their platform and it’s trending  they are going to promote it for sure by displaying it on their homepage and other platforms.

It’s a normal thing that every business does, your promote the product that is selling out more than the others. Coinbase also launched SHIB on their platform and they also did this same thing and I even got a mail from them that talked about SHIB and two other coins that they launched. They might just do it once and that would be it.

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[cliber]

It's a good move in my opinion if Shiba Inu chooses Binance and the positive effects will be obtained by SHIB because Binance is currently one of the most active exchanges trading activity. So, the promotions carried out by Binance are mutually beneficial for both parties.

Shiba Inu didn't choose Binance, Binance chose shibu. I remember the launch on the exchange recently, where CZ binance felt the need to not to miss out in some meme coins, he was in the business of making money, from transactiob fee etc, not about the fundamentals sometimes. Shibu has the community like the Doge and lots of traders are interested, so is the need to list it.

If I try to understand your point that Binance is using Shiba Inu to take advantage of the many people talking about SHIB Token. For me, having Shiba Inu listed on Binance, then both can be mutually beneficial. Binance currently has a high number of crypto transactions, of course it will be more interesting if there is a SHIB Token on the Binance exchange.

[Fesatmas]

Binance didn't promote Shiba Inu, they just announced Shiba Inu was available on Binance US. In my opinion, the term of promoting and announcing is very different. Promoting means a marketing offer, it is sometimes to use hyperbolic language. While announcing is to let people know the information as it is, no hyperbolic words. So, don't judge Binance promoted Shiba Inu easily.

Even after the Shiba Inu account mentioned Elon in his status, it caused Shiba price to crash. One word from Elon "none" caused the price to fall. It's crazy that the memecoin market conditions would be so easy to manipulate. So we are just looking for a safe investment alternative.
Shiba original intention was to increase the rating, but unfortunately Elon answer was quite disappointing. lol

[marilynmanson21]

I don't think there's a problem in the picture, the name is marketing one product, that's only natural
i first bought shiba on hotbit and the price was getting higher when they are listed on binance and coinbase
and there is a friend who said above for a well-known market list, you need funds
So it's only natural that Binance promotes their partners, with the aim that the wider community knows what Shiba coins are

[coinbitrade]

I don't think there's a problem in the picture, the name is marketing one product, that's only natural
i first bought shiba on hotbit and the price was getting higher when they are listed on binance and coinbase
and there is a friend who said above for a well-known market list, you need funds
So it's only natural that Binance promotes their partners, with the aim that the wider community knows what Shiba coins are

there is really nothing wrong with that. Because many people have made a good profit from trading this token. When a coin makes a better life for at least a few people, it's great.

[Jaered]

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

[triat]

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

I also think that they will bypass the Great Danes. But I think that soon there will be a new meme-token that will bypass shiba. And it will always be so, what we now consider unreal in a few years will seem commonplace.

[oHnK]

Binance didn't promote Shiba Inu, they just announced Shiba Inu was available on Binance US. In my opinion, the term of promoting and announcing is very different. Promoting means a marketing offer, it is sometimes to use hyperbolic language. While announcing is to let people know the information as it is, no hyperbolic words. So, don't judge Binance promoted Shiba Inu easily.

Even after the Shiba Inu account mentioned Elon in his status, it caused Shiba price to crash. One word from Elon "none" caused the price to fall. It's crazy that the memecoin market conditions would be so easy to manipulate. So we are just looking for a safe investment alternative.
Shiba original intention was to increase the rating, but unfortunately Elon answer was quite disappointing. lol

The loyal Shiba inu holders think this is just Elon's way to buy shiba cheaper.  It can't be blamed for their views like that, but I feel that coins are really shit coins that are worshiped as if they have value.  For myself, instead of having Shiba, I'd still invest in doge even though the fact is that the two coins are not in my portfolio.

[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.

[fileo]

Binance always support the project that they wanted to. Therefore if they want to support or promote any project should be seen first on their platform and should be visible on Twitter. They will tweet every single project they will list or something that they want to make a headline.

This case seems not true because I couldn't find it on their Twitter page.

[bitcampaign]

Looks like it's just an announcement from binance to all their users and it doesn't look like Binance is focusing on promoting Shiba Inu on their platform , no need to make fomo actually shiba is pretty good and has a big community to look out for , I also hold Shiba

[Roman_Picisan]

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.

[tvplus006]

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.

In this case, it turns out that it is not Musk who is to blame for such a dump, but the Shiba Inu team, which decided to ask such a question, obviously counting on the fact that Musk is holding Shiba Inu. It is possible that Musk really hold the truth, or maybe he was lying)

[tulusikhlas]

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.

In this case, it turns out that it is not Musk who is to blame for such a dump, but the Shiba Inu team, which decided to ask such a question, obviously counting on the fact that Musk is holding Shiba Inu. It is possible that Musk really hold the truth, or maybe he was lying)

I agree, Elon Musk can't be blamed for the tweet. Elon is someone who invests what he has according to his wishes. No one can force or seduce him. What's more, Elon Musk Doge ownership still remains in large numbers.

I don't think Shiba twitter should mention Elon in the tweet. Because the bad effect will cause prices to fall. Was expecting more to be rewarded with a pump but it's a shame that Elon's followers have such a big influence on the market price.

[Fredomago]

Binance always support the project that they wanted to. Therefore if they want to support or promote any project should be seen first on their platform and should be visible on Twitter. They will tweet every single project they will list or something that they want to make a headline.

This case seems not true because I couldn't find it on their Twitter page.

More on taking the attention and using Binance is the best way to bring interest to your project, whatever binance take to this kind of publicities it will still end up gaining from this coin, investors and those traders who will think that this concern is for real will surely fomo to the site and start investing to this coin.

Binance always attracts people's attentions and with this kind of rumors, Shiba and Binance will get new interest and new money from both project and the platform.

No harm to Binance, bad or good, still money making news to bring inside their business.

[Ziskinberg]

This is just how Binance gives support to the project that has been listed on their platform. The majority had already known about Binance and this is a huge factor that could affect the Shiba Inu project and have this a sort of encouragement for many investors to invest in this project in particular. I'm taking this as an advantage for the developers and they are not wrong in being a part of the Binance platform as this could really have a big help in regards to their market demand and exposure.

[jostorres]

If I try to understand your point that Binance is using Shiba Inu to take advantage of the many people talking about SHIB Token. For me, having Shiba Inu listed on Binance, then both can be mutually beneficial. Binance currently has a high number of crypto transactions, of course it will be more interesting if there is a SHIB Token on the Binance exchange.

Of course it is beneficial for the both parties involved, that is why binance is promoting it. Basically what we are getting right now is the fact that Binance is getting trading fee from all the people who are trading shiba, and that is what they want, and there will be BUNCH of trading competitions as well, there will be rewards like 20k dollars total and so forth like 10k winner 5k second and so forth.

I believe that there is a good chance that Binance could make bank just from this, I mean think of how big binance already is and how much money they are making and with shiba they will make profit as well.

However Shiba will get some promotion as well, which is what it needed, look at the price and ATH and you will see that this is something they really enjoyed as well. It is a horrible token with absolutely no reason to exist, it is really bad, but hey if it makes you money then you can buy and sell shitcoins too.

[dupee419]

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.

Is this legit? I'm not a SHIB supporter nor EM supporter but I checked the real price of SHIB right now and after a short dip, it went back to normal, prior to the tweet, I think Elon was just being honest and I'm pretty sure that he doesn't hold any Dogecoin as well, it didn't entirely affect SHIB but we all know how powerful Elon is when it comes to manipulating the price.


I don't know but the graph you showed might be fake.
https://www.coinbase.com/price/shiba-inu

[Mpamaegbu]

SHIB was not formerly available on the binance app. As at when i purchased SHIB, i did it on kucoin. This is more like an announcement i think. This can promote SHIB in a way as stunch users of binance can now trade SHIB.

I got interested in Shiba actually as soon as I found out that Binance listed it. Upon my perusal of the project I discovered that so many exchanges listed it too. I reasoned that there might be something I don't see which the exchanges see for listing such a memetoken like Shiba. So, I bought in immediately.

If you can risk HODLing Shiba, i suggest you do. If you have done your analysis and you are super positive about the future outcome of Shiba, you can allocate a percentage of your portfolio to it and wait.

Honestly, this is my perception too on Shiba. In my mind's eye, I see it closing out some zeroes and doing something around $0.003+. If that happens, early investors will be in huge gain. Sadly, most investors don't have the patience to wait it out. They rather cut the profit short and scamper to safety, so to say.

[TomArayaSlaya]

lol thats not promoting it They know people like meme coins Actually they will need people to be on their platform so any shitcoin that's making the media hot radar will have listing on binance us just to attract as many users as possible Basically I hate meme coins but there is nothing wrong with one or two investment there if its your play