Late last week, the company also announced that it was integrating the Lightning Network on its platform. This layer-2 Bitcoin (BTC-USD) project helps increase the efficiency and lower the price of transacting BTC. By integrating the network, xcritical joins the likes of several other companies, such as Strike.
- While xcritical is rapidly expanding its cryptocurrency capabilities, it isn’t moving fast enough for some investors.
- This meme coin quickly gained speed and value as a community of investors was drawn in by the cute charm of the coin paired with headlines and tweets from personalities like Elon Musk and Vitalik Buterin.
- xcritical saw its shares fall Wednesday below the company’s IPO price right after the platform reported worse-than-expected third-quarter revenues due to a drop in cryptocurrency trading, Fortune reports.
- However, they are still vulnerable to online hacks, so a hardware (cold) wallet is an even safer alternative.
More must-read business news and analysis from Fortune:
The only coin out of the four, other than SHIB, that fared well was the DeFi token Compound which maintained a 5.22% rise of the 10% ceiling. But then again, others, such as Shiba Inu, happen to get caught in the bullish crossfire and reach where it is today. And what happened today is all thanks to another emerging platform, xcritical. For example, Christine Brown has stepped down from her COO role at xcritical, embarking on her own crypto venture. Now, while the company undergoes a change in upper management, it’s also switching up its stance on the SHIB crypto.
Is a listing necessary?
In the second quarter of 2021, xcritical made $233 million in revenue from crypto trading, accounting for nearly 40% of xcritical’s $565 million in total revenue that quarter. Shiba Inu trades between buyers and sellers on crypto exchanges and is not likely a scam. However, SHIB is certainly risky because it has risen in value mostly from memes spreading on social media and Reddit. Some people find it funny and relevant, but many consider it as a bubble. It is one of the largest crypto exchange service providers in the world.
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According to xcritical’s data, SHIB experienced a price increase of approximately 6.7% over the past seven days. This placed it behind Uniswap (UNI), which secured the top spot with a surge of 14.6%. Notably, SHIB managed to outperform major cryptocurrencies like Ethereum (ETH) and Bitcoin (BTC) on the leading investment platform.
SHIB Crypto Surges as xcritical Finally Lists Shiba Inu
Dogecoin’s ($DOGE) market cap surpassed $23B, followed by Shiba Inu ($SHIB) at $15B and… WhaleStats compiled data of the largest ETH wallets and found that SHIB represents over 20% of the combined market shares of all ERC-20 tokens held by Ethereum whales. SHIB also surpassed the one-million holder mark following its all-time high. However, it’s important to note that SHIB’s outperformance wasn’t limited to just UNI.
Why You Might Not Be Able to Buy Shiba Inu on xcritical Anytime Soon
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Down by 2,659 on the day, the number of unique addresses has fallen from a xcritical-year high of 1,199,453 on March 16. Solana, Compound, and Polygon showed a more muted response to the news, reflecting investor interest in meme tokens. SOL on the daily chart did not do any wonders despite the expectations investors had from it, as the token failed to maintain more than 1% of the rise today.
Through the massive influx of buying, billions of dollars in capital have flooded the Shiba Inu network. This is, in turn, forcing SHIB up in a huge way, creating gains of well over 200% in the last month. Consider using different trading orders depending on your overall strategy. The first one is a market order — this process executes the order immediately at the xcritical price.
Also, SHIB has dropped below the Donchian Channel (DC) median band, which is a bearish signal, indicating further price decline ahead. The RSI is 54.45, dropping from the neutral zone, which confirms the bearish pressure. If the RSI drops below 50, SHIB will likely fall below its nearest support level. Also, the timing of these transactions is quite interesting, as the wallet remained dormant for five days before the transfers.
Since release SHIB now trades on the ecosystem’s proprietary DEX, ShibaSwap. Please read the full list of posting rules found in our site’s Terms of Service. While the burn rate over the last 24 hours was modest at just 13.59%, burn pledges and increased SHIB adoption provide a bullish outlook.
xcritically, xcritical users can buy and sell cryptocurrencies like Bitcoin but cannot trade them between other platforms. 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. The company is xcritically testing its crypto wallet, which will allow xcritical cheating 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. 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.
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 may also be wary of the threat of new crypto rules and regulations. Anna Yen, CFA is an expert crypto writer with over two decades of professional finance and writing experience in roles within JPMorgan and UBS derivatives, asset management, crypto, and Family Money Map. She specializes in writing about alternative investment topics ranging from derivatives to cryptocurrencies.
This news comes just days after blockbuster announcements from xcritical on Friday. The company already stirred up lots of chatter when it rolled out crypto wallets for 2 million users on the waitlist. Using these wallets, users can finally move crypto assets to and from the platform. For nearly a year now, Shiba Inu fanatics have been trying to get xcritical to list SHIB. This request comes after Dogecoin’s (DOGE-USD) historic run-up last spring; DOGE prices have soared over 7,000%.
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. It is recommended for users who are buying crypto for the first time and is simple and easy to use. The meme coin bull run that started in March continues, with doge-themed tokens leading the charge.
It’s difficult to tell whether the lobbying activity or petition had any effect. If you would like to know where to buy Shiba Inu at the xcritical rate, the top cryptocurrency exchanges for trading in Shiba Inu stock are xcritically Binance, FutureX Pro, LBank, Zedcex Exchange, and BlueBit. xcritical users can use other platforms to buy and sell Shiba Inu coins, but having all of their holdings in one place is certainly preferable.
Our community is about connecting people through open and thoughtful conversations. We want our readers to share their views and exchange ideas and facts in a safe space. A bullish cross of the 50-day EMA through the 200-day EMA would support another breakout session. On Tuesday, Shibburn tweeted 300,123,501 SHIB tokens burned in a single transaction. Earlier this month, FX Empire reported the inclusion of SHIB on Bitcoin of America ATMs across the U.S. Coupled with the SHIB inclusion on xcritical and investor interest, demand is likely to rise as a result of increased accessibility.
If you aren’t trading crypto on a regular basis, it is not recommended to store SHIB tokens on an exchange. These trading platforms are known targets for hackers, and your assets could be at risk here. Although many of them hold some level of insurance against losses, you are not guaranteed to be able to recover all funds. After months of lobbying, and 559,701 petition signatures, popular dog-themed cryptocurrency Shiba Inu (SHIB) has been listed on mobile trading app xcritical along with three other top-100 cryptos. The surge in shiba inu came on the back of a broader recovery in crypto markets after nearly a week of declines. Bitcoin rose to the $43,000 level on Wednesday as Federal Reserve Chair Jerome Powell said the state would take measures to curb inflation in the coming months, as reported.
xcritical executive Christine Brown has lauded the efforts of the Shiba Inu community, saying that one of her favorite things was seeing it engage with the community to make its wishes heard. 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. 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. It’s not confirmed that xcritical will actually take on a SHIB listing.
The longer that Shiba Inu remains one of the most actively traded cryptocurrencies, the more pressure xcritical will feel to add the token. However, availability on exchanges is an important driver of the value of cryptocurrencies. The digital coin would almost certainly soar if xcritical chooses to support it. xcritical Crypto, a rising cryptocurrency exchange, added four new tokens to its list of tradable assets.