Topic: Binance promoting Shiba Inu - page 3. (Read 1058 times)
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
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.
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.
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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?
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.
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.
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.
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.
For the launch of SHIB/ DOGE trading, binance will distribute millions of tokens to all new traders from October 3 to October 10 with a total trading volume (including both purchases and sales) of at least $500 for the corresponding trading pairs, SHIB and DOGE will equally share the exclusive prize fund of 20,000,000 SHIB token vouchers. https://www.binance.com/en/activity/marketing-campaign/59babdb940224d0c8fc180c3593daceb
And also in the telegram channelhttps://t.me/binance_announcements, a promo campaign is taking place for all new and existing P2P users there are 48 hours to buy a $100 cryptocurrency on Binance P2P to get a chance to win gift cards worth 480,000 in SHIB. A total of 100 winners will be selected, registration is required to participate in the promotion https://docs.google.com/forms/d/e/1FAIpQLScwhPcLupbtgvl2nYZFZ0e5OlE1GWWfulwpcYJqRldCsXPMPg/viewform
And also in the telegram channelhttps://t.me/binance_announcements, a promo campaign is taking place for all new and existing P2P users there are 48 hours to buy a $100 cryptocurrency on Binance P2P to get a chance to win gift cards worth 480,000 in SHIB. A total of 100 winners will be selected, registration is required to participate in the promotion https://docs.google.com/forms/d/e/1FAIpQLScwhPcLupbtgvl2nYZFZ0e5OlE1GWWfulwpcYJqRldCsXPMPg/viewform
Quote from: https://t.me/binance_announcements/3385
With the promotion of the Shiba Inu by Binance, it becomes clear that the Shiba Inu is not just a meme coin. Then another effect that we can see behind the promotion of Shiba Inu by Binance, then Binance will also benefit from every Shiba Inu transaction. That's my opinion.
Shiba Inu's performance is amazing, I didn't expect Shiba Inu to be what it is today, the thing that makes Shiba Inu continue to skyrocket is the number of issues of world millionaires investing in Shiba Inu and this can be seen from transfers with large amounts of up to millions of dollars.
The owner of the wallet 0x6f3542983ee2b3370fc4074d4f73ddedb437c51e has been actively increasing the amount of $SHIB for ten days since October 23, the last purchase from him was made on November 2 and at the moment he has more than 11 trillion $SHIB worth more than $744 million. https://watcher.guru/news/mysterious-shiba-inu-whale-buys-750-million-worth-shib-coins-in-the-last-10-days
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.
But I feel why binance might need to do this? They already have their own coins and stablecoin and they must need lots of funds to keep their own coins competitive and attractive among this crypto community hence in between what would be the need for them to adapt another coin in the middle. Honestly I am clueless on what would be the reason behind this.Probably binance may support through its verious portal and platforms and definitely not by adding investments with Shiba Inu. Who knows, after getting tired by pumping their own coins and tokens, they may get into such coins and tokens to pump with the plan of dumping later on.
This is a part of their game, their market strategy is very effective. But anyway, I don't look that much nor we should, as long as they promote potential projects, that is not a problem and besides, they are helping us to determine which projects will seemingly be growing.
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.
But I feel why binance might need to do this? They already have their own coins and stablecoin and they must need lots of funds to keep their own coins competitive and attractive among this crypto community hence in between what would be the need for them to adapt another coin in the middle. Honestly I am clueless on what would be the reason behind this.Probably binance may support through its verious portal and platforms and definitely not by adding investments with Shiba Inu. Who knows, after getting tired by pumping their own coins and tokens, they may get into such coins and tokens to pump with the plan of dumping later on.
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.
Let's see if we will witness a new pump after this promotion. 
With regards about Binance promoting SHIB, i have sense that this is more on hyping SHIB because that's what meme coins are all about. Although its undeniable that SHIB has a good community at the moment, but if Binance is starting to promote it, the news should be coming from the exchange itself and not literally from the SHIB page. Some may consider it as a FOMO, but if we take SHIB as a potential investment, then it would not need any hype or FOMO because its growing community itself and its increasing demand is already enough to convince others to invest in SHIB.
If you act quickly after reading this kind of hypes, you are in the green status with your investment, 143% for a week and almost 50% in a single day increase, this kind of hypes really bringing the attention of those investors who loves taking the risk. Logically, those experienced traders always seen good opportunities if there are something that being cooked behind, Binance is not making any statement while Shiba promoters are doing great for bringing this kind of stuff out.
They managed to attract more people to bring their money to pump this coin and they are not doing any damage to keep the momentum high.
The sad thing here is when you bought your coin at the peak, then suddenly the price start to dump down. The very risk of investing inside meme project.
I don't think it was done by Binance Party for the purpose of campaigning for Shiba Inu, but since Shiba Inu has been officially listed on their exchange Platform, this is a common thing in my opinion. but by doing it by Binance like that there is a positive value going on with Shiba.
The positive value is definitely there, but believe me that playing with Shiba Inu always has a greater risk than with others because Shiba is only viral because of Hype alone not because of good Utilities, while others live with very good Utilities aren't they with the hype.it seems that when talking about risk, it is not only the shiba inu that has a big risk, with other coins, I think the risk is almost the same. but for now in my opinion playing in shiba there is absolutely no risk, but for everyone it is necessary to be more careful and more vigilant because shiba is the newest token that has a strong community.
I don't think it was done by Binance Party for the purpose of campaigning for Shiba Inu, but since Shiba Inu has been officially listed on their exchange Platform, this is a common thing in my opinion. but by doing it by Binance like that there is a positive value going on with Shiba.
The positive value is definitely there, but believe me that playing with Shiba Inu always has a greater risk than with others because Shiba is only viral because of Hype alone not because of good Utilities, while others live with very good Utilities aren't they with the hype.it seems that when talking about risk, it is not only the shiba inu that has a big risk, with other coins, I think the risk is almost the same. but for now in my opinion playing in shiba there is absolutely no risk, but for everyone it is necessary to be more careful and more vigilant because shiba is the newest token that has a strong community.
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 .
That's the function of marketing, they will do anything to make a profit from that marketing, and that's okay they can do, as long as marketing can be profitable, it's true that shiba is still enjoyed by some people today, but for a long term investment, I think we need to find another coin, given the current number of Shiba coins and very different from Doge coins, which is why long term investment is not suitable for us to do. 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 .
Now more and more exchanges are accepting Shiba Inu, according to the predictions of many Shiba Inu experts will beat DOGE and seeing the current trend of course this is realistic, the large transaction volume makes me optimistic that Shiba Inu will beat DOGE this year.
you mean Shiba Inu will beat Dogecoin in terms of market capitalization? I doubt that price of 1 SHIB will overcome the price of 1 DOGE because there are 497 730 966 630 395 SHIB tokens in circulation.I also check this tweet it's just nothing because every time when new coin is coming exchanges post tweets like this nothing special.
Now more and more exchanges are accepting Shiba Inu, according to the predictions of many Shiba Inu experts will beat DOGE and seeing the current trend of course this is realistic, the large transaction volume makes me optimistic that Shiba Inu will beat DOGE this year.
you mean Shiba Inu will beat Dogecoin in terms of market capitalization? I doubt that price of 1 SHIB will overcome the price of 1 DOGE because there are 497 730 966 630 395 SHIB tokens in circulation.
Now more and more exchanges are accepting Shiba Inu, according to the predictions of many Shiba Inu experts will beat DOGE and seeing the current trend of course this is realistic, the large transaction volume makes me optimistic that Shiba Inu will beat DOGE this year.
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