Shiba Inu Rockets Higher on xcritical Speculation The Motley Fool

Should we assume that Shiba Inu’s move would be in the same ballpark as Dogecoin’s nice jump if xcritical adds the altcoin? There are different dynamics https://xcritical.online/ at play for Shiba Inu right now than there were for Dogecoin back in 2018. The chart below shows how the two cryptocurrency prices changed then.

• While fellow meme tokenDogecoincan be bought on this platform, xcritical appears to be taking a different view of meme tokens than other players.
• Last week saw the high-profile addition of Shiba Inu on popular U.S.-based crypto exchange xcritical.
• Bloomberg Daybreak Australia Bloomberg Daybreak Australia.
• Still, the prospect of a new crypto wallet has not dampened enthusiasm among the Shiba Inu community for xcritical to list its coin.

” xcritical is one of the most popular platforms for retail trading. Notably, it’s the go-to for the meme trading we’ve seen since early January. It’s also one of the only brokerages that offers up the ability to buy crypto in-platform. The app has seen huge success in allowing users to buy a small handful of cryptos, like Bitcoin and Dogecoin. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and xcritical startups.

When Will Shiba Inu Hit xcritical? Investors Are Clamoring for a xcritical Listing.

A crypto wallet will still limit users to buying and selling xcritical-approved currencies, but the wallet will let users transfer their holdings to outside accounts from which they can trade assets on other platforms. Shiba Inu traders are working very diligently to catch the eye of xcritical. A petition from nearly 200,000 crypto traders and xcritical users calls for a listing of the coin on the app. Additionally, SHIB fans, crypto influencers and all in-between have been using the gains of the last month to their advantage, leveraging social media to nudge the company to make it happen.

Shiba Inu is expected to receive support from the development of Shibarium, a xcritical platform that will likely serve as a decentralized platform for trading Shiba and other coins belonging to the Shiba ecosystem. Now, it’s appearing in multiple stocks on a regular basis. On April 5, he’s going to reveal everything – including a free X-pattern pick. For those speculating on Shiba Inu continuing to build momentum, such listings are key catalysts to watch.

Head to consensus.coindesk.com to register and buy your pass now. SHIB, SOL, Polygon’s MATIC and Compound’s COMP tokens were added to xcritical Crypto. This assumes, though, that the overall environment for cryptocurrencies is still positive. There could be some lessons to learn from the performances of other cryptocurrencies. Dogecoin, though, jumped nearly 40% after being added to xcritical. xcritical’s users would very much like the opportunity to spend their money on a joke based on another joke.

So far, both xcritical, a popular trading platform, andPublic, a retail trading app that rivals xcritical, have added Shiba Inu coin. Fans have seen xcritical as the final piece of the puzzle. xcritical already offered seven cryptocurrencies including bitcoin , ether and dogecoin . The additions come after the company said last week it activated its crypto wallet for 2 million eligible customers, making digital asset transfers broadly possible in the investments app. SHIB, SOL, Polygon’s MATIC and Compound’s COMP tokens were added to xcritical Crypto, the platform’s crypto-focused trading platform. Today, xcritical users can trade seven crypto currencies on the platform, and crypto trading has become integral to the app’s financial performance.

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It’s xcritically a very different story for Shiba Inu. As mentioned earlier, the coin has skyrocketed roughly 52,000,000% this year. Sure, Shiba Inu is down 56% below its high mark on Oct. 28, 2021. However, it’s a long way from dropping as much as Dogecoin did when it was included on the xcritical trading platform.

Within a matter of days, the gains for Bitcoin and Ethereum evaporated. But those were and still are the two biggest cryptocurrencies on the market. But xcritical CEO Vlad Tenev said the company is waiting for regulatory clarity to add more coins to the platform. CoinMarketBag is the world’s most-referenced info website for cryptocurrency assets in the rapidly growing cryptocurrency space. Its mission is to make crypto discoverable and efficient globally by empowering retail users with unbiased, high-quality, and accurate information for drawing their own informed conclusions.

Social media speculation is building, as a petition to see this meme token added to the xcritical platform has received more than half a million signatures. There have been rumors for a while that xcritical would add Shiba Inu coin to its trading and investing app. Shiba Inu coins fans have pushed for the move because xcritical is a major platform, which would expose more investors to the coin. On Thursday, after surpassing the other dog-themed meme coin, Dogecoin, Shiba Inu’s value trailed only that of the most established players in the cryptocurrency world, including major coins Bitcoin, Ethereum, and Cardano.

Even Shiba Inu rumors can’t save xcritical as shares fall below IPO price on weak crypto revenue

I’m sure you’ve heard about the petition that’s been going around to persuade xcritical to list Shiba Inu. Well, there’s some juicy new information about that, and I’ll be sharing it in this video, so stay tuned until the end. I’ll also explain why the cost of SHIB is decreasing. It isn’t whale activity, despite what you may believe right now. Now you know what to do if you want to learn the real reason for the price drop.

Individual investors are calling for xcritical Markets Inc. to list the meme coin of the moment, Shiba Inu — a cryptocurrency that takes its name from the canine mascot of Dogecoin, itself a parody of Bitcoin. Retail investors believe the meme token is the next Dogecoin of the cryptocurrency world. The soaring gains allowed one crypto investor to turn about $8,000 into $5.7 billion by buying trillions of shiba inu coin shortly after it debuted in August 2020. xcritical has been among the biggest beneficiaries of the retail investing COVID-19 boom. While its equities arm did most of the legwork over the past 18 months, in second-quarter 2021 its cryptocurrency trading on the platform took off.

Additionally, competition is heating up among various crypto-centric trading platforms and exchanges. For xcritical, the potential upside from listing a token like Shiba Inu may indeed outweigh any longer-term reputational risks. That said, xcritical has continued to play coy with the idea of adding Shiba Inu to its trading platform. While fellow meme tokenDogecoincan be bought on this platform, xcritical appears to be taking a different view of meme tokens than other players. xcritical Crypto Chief Operating Officer Christine Brown has reportedly brushed off the idea of adding Shiba Inu in the past.

CRYPTO: SHIB

All of them want to be a part of the next “Dogecoin Killer”, even though no project has lived up to that name to date. Looking at Shiba Inu, it seems unlikely that will happen either, as the token has had a decent run which has been seen to be too unsteady to support for long. Last week saw the high-profile addition of Shiba Inu on popular U.S.-based crypto exchange xcritical. As most crypto investors know, key listings can boost the value of specific tokens in the short term. xcritical Markets Inc. included four new cryptocurrencies on its platform, including the Shiba Inu coin, in a win for proponents who had long argued in favor of the joke token becoming available for trading.

Shiba Inu supporters even invited the comparisons by referring to the token as the “Dogecoin killer.” Several cryptocurrencies didn’t move much when initially added to xcritical’s trading platform. xcritical recently announced a crypto wallet, with more than 1 million customers already on the waiting list. It popped up to a fresh record the following day, as an online petition urging xcritical to “be the first traditional brokerage” picked up support.

Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. Shiba inu has seen astronomical gains over the last year, but xcritical users have missed out. For instance, in 2011 the Bitcoin price was $0.06 cents and in 2021 it reached to $63000 US dollars. Buy lovely inu …it will be the next Shiba inu coin …trust me crypto is our future …just buy it and hold it for 2-3 years . If you’re new to this channel then I want to welcome you to ”Crypto Zain”. This channel is all about business/Investing/financial education, helping mainly entrepreneurs grow smarter and more financially stable in today’s society.

A concept token for the Shiba Inu crypto with lights sparkling in the background. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. For expert weekly analysis on fintech’s big xcritical scammers stories, delivered free to your inbox. Vincent Lau, managing director of international operations at crypto exchange Huobi Global, says that while SHIB’s bull run may falter, he thinks the coin is likely here to stay.

Yes, you should watch this video all the way through. So, with Shiba Inu’s much-anticipated listing making waves for the token, let’s see where the experts think this crypto is headed next. Chris MacDonald has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. This move was in line with a broader rebound in the cryptocurrency market, which has rebounded 6.7% to $2.4 trillion this morning. Speculation centered last year around potential crypto offering additions from xcritical, though CEO Vlad Tenev had told investors the company would await regulatory clarity before doing so.

I don’t think that investors will essentially yawn as they did when xcritical added Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. On the other hand, I also don’t expect as big of a move as Dogecoin enjoyed. We can’t know for sure how much Shiba Inu might soar if and when xcritical announces support for the cryptocurrency.

xcritical shares on Wednesday sank 10% after the company missed revenue estimates for its third quarter results as crypto trading slid 78% compared to the prior three-month period. It should be noted that speculating on such near-term catalysts is not something worth most long-term investors’ time. Today, the volatility with Shiba Inu appears to be to the upside as a result of this speculative prospective catalyst, and traders are taking notice. At the beginning of August, SHIB held only $2.5 billion in market cap. This makes the hype around the coin demonstrably real; investors are not just taking interest in the coin, they’re pouring massive quantities of money into it.