Binance promoting Shiba Inu - page 8.

abralzain17

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Quote from: krishnaverma on October 23, 2021, 03:29:47 AM

we don't know what the purpose of binance is to promote Shiba inu, hopefully there will be an increase in the price of shiba after being promoted by Binance and I think if there is good cooperation between Binance and Shiba then it is very likely that the price of shiba will be higher

pinggoki

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Pretty sure this is nothing but a paid advert SHIB devs have made to cater their listing on binance. They are pretty much known for using their hype for their advantage and I'm not saying that it's not good, but nonetheless doesn't really reflect what they can really do as a cryptocurrency. In a few days' time depending on their contract this should be lifted off of their front page and things will go back to normal, with their hype possible subsiding along the way. In that case, they would have to find a new way to garner people into their cryptocurrency.

Quote from: iv4n on October 23, 2021, 01:50:57 PM

Well, I saw Shiba Inu in some crypto casinos! BC.Games have it in their wheel, 100 Shiba Inu reward, Wolf is accepting it from recently... and now I see Binance is promoting them as well! Something is happening with this Shiba, I am not in that, so I don't have any clues about what is going on, but I will check them!
I am always careful with new meme coins, so I don't jump in early stages!

That's the risk of being a late adopter. You don't get to enjoy the biggest pumps from when the coin was still unheard of. SHIB has been posing some great growth lately and thus their developers are only wise to weaponize this as a form of hype campaign to ensure that their price continues to rise if not stabilizes at a reasonable value. Again, the hype doesn't necessarily reflect their purpose or mission in the cryptocurrency space so it's still good that you are being wary, just saying that being too scared would really keep you out of the biggest pumps in the market if so.

Devifajarina

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Quote from: krishnaverma on October 23, 2021, 03:29:47 AM

I don't think this is promoting shib as a whole, it's just a form of announcement against shib trading on the platform, and this kind of condition is the effect of shib pumping at this point, so they are making massive promotional payments to attract user interest, generally no promotions which is free, let alone promoting the shib by chance without any special agreement between them, things like this are a promotional step taken by the shib at this time.

devil2man

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i don't think binance directly promotes shiba like putting it among its banners on the site or at the top of token lists, perhaps giving high stake for staking in order to entice you to buy them, this yes

iv4n

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Well, I saw Shiba Inu in some crypto casinos! BC.Games have it in their wheel, 100 Shiba Inu reward, Wolf is accepting it from recently... and now I see Binance is promoting them as well! Something is happening with this Shiba, I am not in that, so I don't have any clues about what is going on, but I will check them!
I am always careful with new meme coins, so I don't jump in early stages!

aylabadia05

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When Binance promoted Shiba Inu, it seemed to me a natural thing for Binance to do as an Exchange on their platform. Something like this has also been done by several exchanges that have their own coins. What Binance did, could have a positive effect on Shiba Inu going forward. So, such a thing is nothing new and not surprising.

Bitstar_coin

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binance is business oriented and a profit making company as well, it is not surprising if they choose to promote shiba inu since the hype of this very project is very high, this can literally increase the user base of binance the more, lots of people have made good profit from shiba and there is still more to be be made in long term probably, plus binance will want to keep the flame of shiba burning very actively, between i can see nice price moment on shi b already i guess the promo is gradually taking effects.

herurist

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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

Ararbermas

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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? Grin

Review Master

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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.

watergold

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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.

Woodie

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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.

tbct_mt2

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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.

Anonylz

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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.

Sollaes

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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%.

eaLiTy

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Quote from: jrrsparkles on October 23, 2021, 08:31:08 AM

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.

Quote from: jrrsparkles on October 23, 2021, 08:31:08 AM

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.

tinytinytoy

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jrrsparkles

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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.

maydna

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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.

aprilnot

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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.

Topic: Binance promoting Shiba Inu - page 8. (Read 1058 times)