Binance promoting Shiba Inu

[krishnaverma]

[1714184752]

1714184752

[1714184752]

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[Coin_trader]

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.

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.

[Rruchi man]

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. 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.

[kryptqnick]

According to coingecko, Shiba Inu is available in a few trading pairs on Binance, but I've never been interested in this coin, so I don't know how available it actually is on Binance. But what I think the promo news means is that they struck a financial deal and bought some adds on Binance, so that people can see Shiba Inu more often while using the exchange. After the tremendous pump that it experienced, it's no wonder they have money to pull something like this off, especially since they can get their profits back if the ads work and people get more interested in the coin.

[danherbias07]

I cannot find any legitimate news that came from Binance itself. The OP screenshot was from the Shiba Inu News Twitter page which is biased of course.
Perhaps we should wait for the Binance announcement to believe this one.
This ain't new, they are hyping the memecoin again just like how they did last time it pumped. Riding the Titanic might be a wrong choice if history repeats itself. I've bought this coin before but I am done with it. Took my profits and never looked back.

[martina14]

Its only an announcement where Binance most often did to the other coins listed to their site platform.
And even in some of the exchange site are also doing like this on Shiba Inu actually. In short, they're not promoting it
probably, you are thinking that price value of SHIB will increase once more in the market. I think not, based on my
assessment only.

[dothebeats]

I don't think it's promoting directly, but rather just placing a banner for Shiba Inu on top of the platform just to welcome the new coin. Pretty sure it was also sponsored by the devs of Shiba Inu, as I don't think Binance will take up free advertising on their website knowing how crucial and big the opportunity is for your coin to be placed on the prime spot on one of the world's largest exchange platform. Either way, if this comes true or not, pretty sure there will be a pump on SHIB as they will capitalize on being listed on Binance.

[aprilnot]

it's literally just their way of letting them know that shiba inu is listed on binance. and it doesn't look like a promotion to me. this usually happens when a new coin is listed on the exchange. so don't think binance is promoting shiba inu, because thinking is like a big mistake. shiba inu without being promoted by binance is also enough to create hype in the current market. so it doesn't really matter much.

[maydna]

We will see if that can affect Shiba price increases later if Binance is serious with their tweet. If that can impact Shiba Inu's price, that will make many investors because they already buy Shiba at the lowest price and hold it. We need to be careful with that news because we do not know their plan with Shiba and don't tempt if we think it is not right to invest in Shiba.

[jrrsparkles]

Well SHIB says that not the Binance so how can you be so stupid and trust these kind of fake marketing strategies. Wake up and see what is the reality its just a tweet about listing a project nothing special about it.

Even if the promote still its only good for short term investors.

[tinytinytoy]

I have wonder to ShibaSwap. Dog Collar will gain.

[eaLiTy]

Well SHIB says that not the Binance so how can you be so stupid and trust these kind of fake marketing strategies. Wake up and see what is the reality its just a tweet about listing a project nothing special about it.

It is just an announcement but the wordings which misrepresents that it will be pinned on top the page is the hype they are trying to create with these statements so that anyone who does not understand what is going on will think that it is a huge news because Binance is promoting them which means it will rally big time. It is a global market and you should understand that there are investors who does not understand English and these kind of statements can fool these investors.

Even if the promote still its only good for short term investors.

Majority who go after hype are here for quick profits and you cannot expect them to hold for the long term.

[Sollaes]

It is certainly good news for shibu inu that can raise the price, but I don't think that this coin has such a good fundamentals to have constant growth in the long term. What is more, Vitalik Buterin sells his doge (meme coins), so I think that it is a bad sign for Shiba inu as well. This way he sold 6 tokens for the amount of 4,3 million of dollars. After this event, price of some meme coins decreased by up to 70%.

[Anonylz]

i don't see anything wrong with that though, why the op have to create a thread just for this, shiba is already trading in binance and coinbase of all exchange (i wasn't expecting this coin to be traded in coinbase within a short period of time) if binance decided to advertise shiba on their platform to show their support to the project that is good and they are at liberty to do so, besides shiba has huge supporters and binance wants to take advantage of that.

[tbct_mt2]

Months ago, Binance listed SHIB after they saw that meme coin had too high trading volume on other exchanges. I don't know what is the first exchange listed SHIB but I firstly known about that coin on Gate.io.

CZ admitted that Binance can not ignore coins that can bring huge trading volume that will help them to earn too much in trading fee from customers. Before SHIB, Binance listed SUSHI and when their developers rugged the pull, CZ admitted that investors have to accept risk and Binance have to care of traffic and income.

I don't think crypto investors who join the market since Jan 2021 or in 2020 did not know about SHIB. So the listing news and the banner on Binance US. are not what are actually new for crypto investors.

[Woodie]

I didn't see this coming especially that they have mentioned "promote" to bring shiba inu to our attention. This could simply be a business deal that should benefit its investors and binance themselves who has an interest and btw Binance has dogecoin listed on its exchange so I really don't now how this will work out on one platform with other substitutes in the same niche. Just hope dogecoin isn't showing signs of losing market share...and they have chosen to support the other alternative.

[watergold]

maybe for now it is very reasonable because there is a lot of hype and pumps done for this shiba. So, it will be possible because when I saw earlier this shib didn't exist and when I looked back some time ago there was a notification that shiba will have several partners on binance.
and maybe it's only natural as long as the hype and fomo about this coin are still valid, there are definitely many people who will look for it, especially beginners who want to get a little pump profit even though it is full of risks.

[Review Master]

It's a common thing in crypto space because all exchanges will promote those coins/tokens which will provide more revenue into their platform. It's not just about binance, but other top tier exchanges will do that because exchanges will get more revenue from those memecoins. Also according to the tweet, shiba token is promoted on binance us which means, binance want more users into their USA based exchange as memecoins are more popular in there like other countries. That's it and isn't special at all, IMHO.

[Ararbermas]

Probably a way to acknowledge all traders that this kind of coin existing on that platform, lol because obviously shib is getting slower since this month of October start.. So for sure the community of that project is finding ways to make the project visible again in order to gain attention in the internet, and yes they choose binance since it's the most popular exchange nowadays, the question is how much they pay for it? 

[herurist]

the clear goal is promotion so that the hype that exists on this coin does not decrease and the fomo increases.
this is a pretty good strategy done by shiba but again this is a normal thing in increasing prestige it doesn't need to be enlarged because the goal is clear for what.
but on the other hand I didn't find the article clear enough to describe Binance officially about this shib coin.
maybe this is good news for shiba, on the other hand it is news that will encourage many people to join shitcoin