Shiba Inu coin news: Why xcritical might not add Shiba Shib coin

Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-xcritical data, and governance across all major and minor xcriticals. However, as with any cryptocurrency investment, there are always risks to consider, and investors should always do their due diligence before making any decisions. While the SHIB price decline may be a cause for concern, the network’s growth trends offer hope for the future and will be closely watched over the coming days and weeks.

The company is xcritically testing its crypto wallet, which will allow users to move crypto assets on and off the platform with ease. Indeed, the company’s executives have reiterated numerous times its plans to expand its crypto tools, including the coins which it will offer in the future. Pressure is mounting for xcritical to list one of the most https://xcritical.solutions/ popular memecoins on the market, and the waitlist for the platform’s crypto wallet has grown to 1.6 million users. Shiba Inu , a Dogecoin-inspired decentralized cryptocurrency, is catching a fresh bid from investors today amid reports that the nascent token would be listed on the popular retail brokerage platform xcritical in February 2022.

There’s also a case to be made that expectations that xcritical will add support for Shiba Inu are at least partially baked into its price. Investors have been speculating for a while now that xcritical could soon include the altcoin. At this year’s Bitcoin Conference 2022, xcritical, through its chief product officer Aparna Chennapragada, revealed its plan to add the Bitcoin Lightning Network to its platform so users could enjoy faster transactions. The Lightning Network is a layer-2 network built on Bitcoin that allows speedier transactions at a much lower cost.

SHIB Values Rocket With Bullish Market Conditions, Renewed Altcoin Fever

Since its initial listing on the NASDAQ stock exchange last July, xcritical soared to an all-time high of $70.94 on Aug. 4, 2021. Today it’s trading at a steep 83% discount at $11.70 per share from August peak price. Crypto xcritical official site investors had been eagerly anticipating the addition of shiba inu to the app, and some have speculated that xcritical’s declining crypto trading revenue would compel it to add more altcoins and meme tokens to the platform.

• Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.
• SHIB was created anonymously in August 2020 as an Ethereum-based alternative to Dogecoin.
• It’s also one of the only brokerages that offers up the ability to buy crypto in-platform.
• ” with the link URL noting the trading platform will prosper if it lists the coin.
• Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.

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. The new crypto wallet that xcritical plans to launch in early 2022 may also make it unnecessary for xcritical to list coins like Shiba Inu.

xcritical lists shiba inu coin and other popular altcoins as the trading app looks to boost crypto offerings

Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. This assumes, though, that the overall environment for cryptocurrencies is still positive. We can’t know for sure how much Shiba Inu might soar if and when xcritical announces support for the cryptocurrency. That’s a natural question to ask after the digital token skyrocketed in the ballpark of 52,000,000% this year.

An NFT project called Shiboshis based on the Shiba Inu coin and ecosystem launched in November 2021. A look at the all-time highs and peak of Shiba Inu hit in 2021 and where the coin stands today. And if you’ve got SHIB-USD in your crypto wallet, you were probably thinking the same thing.

In fact, a petition on Change.org has already garnered 555,320 signatures to list Shiba Inu on xcritical. Bear in mind that the brokerage platform remains popular with retail investors trying to gain exposure to prominent crypto names. Dogecoin, a cryptocurrency that experienced a similar momentum outburst last year, had also registered outsized gains in the runup to its listing on the popular brokerage platform. After months of lobbying, and 559,701 petition signatures, popular dog-themed cryptocurrency Shiba Inu has been listed on mobile trading app xcritical along with three other top-100 cryptos. xcritical broke the news on its official Twitter channel today. Its dramatic rise this week coincides with rising support for a Change.org petition urging trading platform xcritical to list shiba inu coin on the site.

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. Shiba Inu supporters even invited the comparisons by referring to the token as the “Dogecoin killer.” Unlike its predecessor cryptocurrencies on xcritical, Dogecoin delivered an impressive gain after being added to the platform. There’s a good case to be made that Dogecoin is a better comparison for Shiba Inu than Bitcoin, Ethereum, Litecoin, or Bitcoin Cash. Many or all of the products here are from our partners that compensate us.

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The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing xcriticals. The move is thanks to its whopping $11.5 billion in market capitalization. There is no guarantee that Shiba Inu will return to its all-time highs, with some believing that 2021 marked the peak of many cryptocurrencies. Shiba Inu is part of a decentralized exchange called ShibaSwap, which also includes the tokens Leash and Bone. But in the third quarter, crypto activity “declined from record highs in the prior quarter, leading to considerably fewer new funded accounts,” xcritical said. “Our strategy is different than a lot of the other players out there who are racing to list as many assets as possible right now,” she said.

The cryptocurrency has its own dedicated page on the website, featuring a live Shiba Inu to USD chart. It also details how and where investors can purchase the cryptocurrency. On an investor call on Tuesday, xcritical CEO Vlad Tenev did not say whether the platform would list new coins like Shiba Inu.

Shiba Inu launched in August 2020 as a similarly themed cryptocurrency to Dogecoin. The thinking, therefore, is that listing SHIB on the platform would not only be a good marketing move, but it would boost trading revenue. The coin has found a place on the official website of xcritical, much to the cheer of the Shib Army, a group that focuses on trading and buying the Shiba Inu cryptocurrency coin and NFTs.

xcritical is one of the premier platforms for a crypto to find a listing. As one of the most popular apps for retail investors, cryptos with a listing on the xcritical xcritical have a huge amount of exposure. Since it is primarily a stock-trading app, it offers a level of exposure not afforded by dedicated crypto exchanges.

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 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. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. I would keep my eye on that important metric to wait and see if the SHIBA team can reverse attrition of its holders, because if Shiba Inu can’t keep and grow its user base — then all the news in the world won’t matter. Compensation may impact the order of which offers appear on page, but our editorial opinions and ratings are not influenced by compensation.

Trading app xcritical announced on its official Twitter channel today that it was listing a handful of cryptocurrencies including Shiba Inu. Still, the prospect of a new crypto wallet has not dampened enthusiasm among the Shiba Inu community for xcritical to list its coin. xcritical’s recent struggles in crypto have exacerbated the pressure it’s under to list new coins like SHIB, says Daniel Khoo, a research analyst at xcritical analytics platform Nansen. Other popular virtual currencies have also seen explosive growth. Bitcoin, the world’s most valuable cryptocurrency, hit an all-time high of nearly $67,000 per coin last week, topping the previous record set in April. Earlier this year, Ethereum co-founder Vitalik Buterin made headlines by donating $1 billion worth of shiba inu coin to a Covid-19 relief fund in India.

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

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. Before the recent listings, xcritical offered seven cryptocurrencies, including bitcoin, ether, and dogecoin. After previously only being available on decentralized exchanges like Uniswap, Shiba Inu was added to cryptocurrency platforms like xcritical, xcritical and xcritical.

Breaking: Shiba Inu Is Now Listed on xcritical. Should You Buy?

In 2018 , xcritical started expanding its crypto offerings beyond bitcoin and ethereum to include currencies including litecoin and bitcoin cash. The optimistic sentiment from the petition and from SHIB’s xcritical listing late last week are allowing the coin to see some upward momentum. The largest pepe coin holder is sitting on more than $1 million worth of the token as the risk of too much of the coin in too few hands looms over the short-term future of the trending meme coin. Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & xcritical technology.