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Topic: Binance promoting Shiba Inu - page 4. (Read 1058 times)

legendary
Activity: 1163
Merit: 1005
October 26, 2021, 09:32:13 AM
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.
Shiba Inu has entered the second pump phase since the last 2 months so it is very important to analyze risk before trading hype coins in the long term, it is recommended that you may make short-term profits or scalping in the game of coins that are trending in the top positions.
full member
Activity: 994
Merit: 101
October 26, 2021, 08:43:59 AM
The pump continues occur when the top 3 is red Shiba Inu today it goes up more than 20%. It can be said that the Shiba Inu is the most fantastic coin in 2021, a significant price increase has made the Shiba Inu position now ranked 11th, I'm sure this year the Shiba Inu will enter rank 7.
full member
Activity: 658
Merit: 103
October 26, 2021, 07:06:41 AM
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.
Yeah, the drop was not permanent. It only took a day to recover its price and probably that was just a fake dump caused by hardcore fan of Musk who hold Shiba too. Nonetheless, binance nowadays support shitcoins so the audience for Shiba would be so damn good. Even coinbase's most traded coin is shiba. Shiba Army is doing it.
full member
Activity: 1036
Merit: 100
October 26, 2021, 04:53:56 AM
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.
sr. member
Activity: 1274
Merit: 265
October 25, 2021, 05:08:55 PM
I don't think it is about promoting SHIBA as a coin literally, but Binance announces that you can now trade SHIBA on their platform. These types of promotions are made for almost every popular cryptocurrency entering Binance. Not only does Binance organize such promotions, but it is a normal practice used by almost all cryptocurrency exchanges.
member
Activity: 175
Merit: 10
ITSMYNE
October 25, 2021, 05:05:20 PM
i am still struggling to understand what a meme coin with little or No values adds up to the crypto space. Dego coin took us by surprise and now many are millionaires for holding Dogecoin. Shibu came up with such amazing marketcap. the volume and marketcap of shibu was unexpected. i think exchanges promoting memecoin might give raise to crypto exchange developing such project and rewarding members with it. we are yet to understand why binance does this.
member
Activity: 812
Merit: 10
https://hovr.site/
October 25, 2021, 04:56:36 PM
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
legendary
Activity: 2716
Merit: 1225
Once a man, twice a child!
October 25, 2021, 03:57:19 PM
#99
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.
sr. member
Activity: 1344
Merit: 261
October 25, 2021, 03:50:56 PM
#98
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
hero member
Activity: 2562
Merit: 586
October 25, 2021, 03:50:29 PM
#97
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.
hero member
Activity: 3010
Merit: 666
October 25, 2021, 02:07:28 PM
#96
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.
legendary
Activity: 2996
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
October 25, 2021, 01:41:48 PM
#95
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.
sr. member
Activity: 1526
Merit: 252
October 25, 2021, 01:32:56 PM
#94
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.
legendary
Activity: 2268
Merit: 1655
To the Moon
October 25, 2021, 01:19:42 PM
#93
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)
member
Activity: 162
Merit: 84
October 25, 2021, 11:59:09 AM
#92
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.
sr. member
Activity: 1918
Merit: 268
Vave.com - Crypto Casino
October 25, 2021, 11:42:55 AM
#91
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
member
Activity: 658
Merit: 10
Rangers Protocol
October 25, 2021, 10:47:51 AM
#90
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.
full member
Activity: 658
Merit: 103
October 25, 2021, 10:43:44 AM
#89
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.
hero member
Activity: 1414
Merit: 574
October 25, 2021, 10:39:04 AM
#88
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.
sr. member
Activity: 1176
Merit: 282
October 25, 2021, 10:34:41 AM
#87
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.
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