Binance promoting Shiba Inu

[Pamadar]

For a coin meme like Shiba it does have an amazing following, even now Shiba Inu has been pumped twice since yesterday. Indeed, seeing the progress of shiba Inu is quite interesting and a little trying to shift the existence of the Doge which at that time had been massively discarded. With the emergence of Shiba Inu, it is clear that this is a new target for investors, and many have made huge profits from selling shiba.

Because Shiba Inu is a meme coin, of course, hype chasers must be careful and always put profit first before big dump are carried out.

I agree, it's more on the benefits, binance see that this coin still hot and they can gain more

money from traders who are supporting this coin,  they are willing to work it out and earn from this coin.

here i don't think binance specially promoted shiba inu, it could be highlighted from binance side and it can be for others hype coin not only for shiba inu because when shiba inu price was damn increased and binance homepage shiba is top traded coin and binance said that about. i don't see special thing there.

The money that flows from this coin are being enjoyed not just by those who hypes the project but more with Binance,

they are the one who manifested a lot of money from the this coin whatever the case.

[dimonstration]

here i don't think binance specially promoted shiba inu, it could be highlighted from binance side and it can be for others hype coin not only for shiba inu because when shiba inu price was damn increased and binance homepage shiba is top traded coin and binance said that about. i don't see special thing there.

Almost all listed coin were highlighted at top when they are just started to be listed in their exchanges. It’s not promoting. They just want to inform their users that they already can trade shiba in the exchange. We just don't notice before since some coins were simultaneously added in the exchange and now they have time to focus to new coins that are coming like an announcement,though its a big move for shiba since top trading exchange accepted and listed them.

[fullhdpixel]

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.

The advertising source of Binance is being fully utilized and more on Shiba coin as it is one of the few projects related to the richest person Elon Musk, he has actively spoken out about it many times and many articles envision it as a force that directly confronts and devours dogecoin, its advantage has been revealed recently with a sharp increase in both ratings and price, binance's media is also really quick to announce it and attract users. By using such public relations, Shiba coin and binance will probably be the kites that will meet the wind in the near future.

The marketing shiba has is organic and that makes it very profitable for the exchanges to list it. Considering binance also has something awesome to their name, combining these two things will surely not only increase the price, but also will allow binance to make so much profit. Elon musk + binance is a dangerous combo for a token. Not saying that it will fail, but the hype around it is way too much and it overvalues the coin a lot.

Surely there will be some people who will end up making some mistakes, and that will result with people not realizing how much it could crash. Whenever this token pumps, there are so many people who get into it, and that is not something that is acceptable. That's why I believe that this new hype will definitely be dangerous, moreso if Elon joins the train.

[Doell]

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.

very exactly it is a common thing to increase the enthusiasm of other traders and investors ,the promo targeted to people who have not used the platform so that it can attract other communities especially for the shiba inu community which is currently becoming popular in some circles

[agg2702]

the marketing strategy is very good and I feel this is very reasonable on the other hand shiba needs an exchange like binance which is indeed to continue to boost its popularity so that it continues to rise properly because the fomo and hype of this coin is still continuing.
On the other hand, Binance will also benefit because it is possible that not only small investors and Fomo will want to profit from this, Binance also wants to feel the benefits and of course the money they get from Shiba is on their exchange too.

[Devifajarina]

the marketing strategy is very good and I feel this is very reasonable on the other hand shiba needs an exchange like binance which is indeed to continue to boost its popularity so that it continues to rise properly because the fomo and hype of this coin is still continuing.
On the other hand, Binance will also benefit because it is possible that not only small investors and Fomo will want to profit from this, Binance also wants to feel the benefits and of course the money they get from Shiba is on their exchange too.

But Binance should also think about the negative impact of this marketing strategy, shiba is a meme coin that has such a big hype, the number of shiba coins is quite a lot nowadays, people will not see this coin as an alternative to that marketing, and I also don't know if Binance can do that, because there are many other coin memes that have big developments in the future, and why did binance choose shiba?

[ReiMomo]

It was indeed a huge jump from Shib today. Investors into Shib are high now a days. Trading volume as well have increased a lot. Another marketing strategy from Binance to Promote Shiba Inu.

I have already invested on this coin and yes, the hype coin has today yielded a reasonable profit to its investors. A good coin to invest on.

[Jackl87]

I would not really call this promoting, as most other websites binance also has spaces reserved for advertisements and i would guess that Shiba Inu just baught that ad space for a certain amount of time or it is also possible of course that binance decided to showcase Shiba inu at this space themself if this is they case then binance also has a reason for that. I have not checked for some time but i would guess that Shiba Inu still has a huge daily trading volume and of course binance is an exchange that makes money by having a lot of trading volume and earning fees that way, so it makes sens for them to promote Shiba Inu to generate even more trading volume on their platfrom.

[royalfestus]

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.

very exactly it is a common thing to increase the enthusiasm of other traders and investors ,the promo targeted to people who have not used the platform so that it can attract other communities especially for the shiba inu community which is currently becoming popular in some circles

The price pump is very attractive although very expensive and dangerous investment as a meme coin and buying it can be very dangerous. Just like doge coin, shinbu coin might not last as long as investment beyond this cycle

[Ten98]

why did binance choose shiba?

There is a special thing that makes Binance choose Shiba, because it wasn't actually Binance who chose to put Shiba on their list, but it was Shiba who submitted himself to Binance according to the rules imposed by Binance, so Shiba was able to complete this to place himself into the list Binance.

[Kelvinid]

It was indeed a huge jump from Shib today. Investors into Shib are high now a days. Trading volume as well have increased a lot. Another marketing strategy from Binance to Promote Shiba Inu.

I have already invested on this coin and yes, the hype coin has today yielded a reasonable profit to its investors. A good coin to invest on.

This will be a stepping stone for Shiba Inu to become more popular than the other projects. As the project enters Binance the more it gains attraction to the investors. Although, it has a great start as it has been in Binance, the more it grows and its buying demand as well. Think that those early investors has a bigger chance to get huge profit and I believe they were happy with this development.

Well, I'd just to look forward that this development will continue, and as  Binance taking part in this, probably investors don't have regrets about choosing Shiba Inu as their investment.

[bhooscream]

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.

[Ngewex Yuk]

Shiba Inu's continuous performance has led many exchanges to add Shiba Inu to their pairs, this is a natural and good business reason because Shiba Inu is currently trending, and I believe the great potential of Shiba Inu will continue to occur.

[flip4flop]

Lots of names behind SHIBA really pumping up the price as much as they can. I am surprised at the run it has had this weekend. Seems like it should base around here for another week or two before the next move up, unless there is a rug pull at some point.

[agg2702]

the marketing strategy is very good and I feel this is very reasonable on the other hand shiba needs an exchange like binance which is indeed to continue to boost its popularity so that it continues to rise properly because the fomo and hype of this coin is still continuing.
On the other hand, Binance will also benefit because it is possible that not only small investors and Fomo will want to profit from this, Binance also wants to feel the benefits and of course the money they get from Shiba is on their exchange too.

But Binance should also think about the negative impact of this marketing strategy, shiba is a meme coin that has such a big hype, the number of shiba coins is quite a lot nowadays, people will not see this coin as an alternative to that marketing, and I also don't know if Binance can do that, because there are many other coin memes that have big developments in the future, and why did binance choose shiba?

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 .

[inanilujimi]

Shiba inu managed to get closer to binance and coinbase, which is a good sign for shiba holders. look now really altcoin didn't start with ETH or binance, but shiba and sol are very aggressive lately, hopefully this will continue so that this market will grow and get bigger.

[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.

Maybe it will happen to Shiba so that makes the price increase for a small price now. No wonder that the price slowly goes up as many people will be attracted to invest in Shiba. The price is still not too high to buy right now but maybe it is better to wait for another correction to buy at the other lower price. I wonder what will happen to Shiba this month or the next 2 months later. If Shiba price really increases, Shiba can get the top ten position in the crypto market since Shiba now is at number 11 at Coingecko and number 13 at CoinMarketCap.

Being in 13th position is already an extraordinary achievement for a token like Shiba Inu in my opinion, especially if it is ranked 10th on coinmarketcap. The announcement made by Shiba via Twitter Tweet that they have entered the Binance exchange, in my opinion, is the right strategy by his team to boost popularity.

[dupee419]

SHIB ain't really a memecoin anymore if that's the case, even if we know that Binance promotes cryptocoins a lot, they never did promote Dogecoin back then but SHIB is an exception, I think Binance sees the potential that SHIB has compared to Dogecoin, a lot were actually doubting on this coin but I might consider investing in SHIB if this continues.

[Rahman11]

There are several platforms where you can buy Shiba Inu, including Binance, Crypto.com, Atomic Wallet and KuCoin. You can also buy SHIB on Uniswap (via Trust Wallet), which requires you to exchange Ethereum for SHIB.
I think not only binance other exchangers also promote shiba because listing is a promotion.

[israt1@]

I don't know if they did it. If they do, it will really pay off. If they don't, they post this news with a few add deals to increase their buyers. But it is already pumping. It is taking its place in the market as a good token.