SHIB was created anonymously in August 2020 as an Ethereum-based alternative to Dogecoin. Last year, amid public support from Ethereum founder Vitalik Buterin and Tesla CEO Elon Musk, SHIB became wildly popular and realized an incredible price pump of 49,000,000% in a few months. Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about. The broader implications of this acquisition and its impact on the digital asset landscape will be a significant topic at the upcoming Benzinga Future of Digital Assets event on Nov. 19. Franzen interpreted this move as a bold message to regulators and a significant commitment to the crypto industry, emphasizing Bitstamp’s notable $232.5 million 24-hour trading volume.
- 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.
- This transfer is the second considerable transaction between this wallet and xcritical.
- This request comes after Dogecoin’s (DOGE-USD) historic run-up last spring; DOGE prices have soared over 7,000%.
- American electronics retailer Newegg added SHIB at the start of December 2021, partnering with crypto payments platform BitPay to unlock payments in SHIB.
Shiba Inu (SHIB) Whale Receives 445.86 Billion Tokens from xcritical
Within the day, SHIB began climbing the charts, and in less than 2 hours, its price shot up by almost 36.88% at one point. However, it came back down soon after to close on a 15.8% rise, and in doing so, it negated the 9% fall in price from the day before. As the announcement came to light, it took less than a few hours for the hype surrounding the news to reflect on the assets’ price action, and as always, Shiba Inu was the first to react. Interest in Dogecoin skyrocketed after its xcritical listing, he says.
Shiba Inu on the Charts
Baby doge and floki inu, two meme tokens issued on the Binance Smart xcritical, surged 10% in the same period. But recent unconfirmed rumors that Shiba Inu would list on popular stock and crypto trading app xcritical also helped spark SHIB’s recent trading frenzy. Before you buy SHIB tokens on xcritical or eToro, consider long-term dedicated wallet storage for your tokens.
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Much of the upswing can be attributed to the crypto’s listing on xcritical. After all, the e-trading platform is how many investors are introduced to digital currency. The platform allows users to buy several cryptos without needing a crypto wallet or any knowledge of the industry. Since its initial listing on the NASDAQ stock exchange last July, xcritical (HOOD) 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.
Is xcritical’s Crypto Exchange Deal Really ‘Massive’ And The ‘First Domino To Fall?’
The trading platform doesn’t support one of the hottest digital coins on the market — Shiba Inu (SHIB -2.92%). Here’s why you might not be able to buy Shiba Inu on xcritical anytime soon. The bump in shiba inu saw other meme coins, such as dogecoin (DOGE), gaining as much as 14% in the past 24 hours.
Shiba Inu community
Neither Brown nor Tenev have singled out Shiba Inu in their comments. However, it doesn’t sound as if xcritical is planning to quickly add the popular coin. The company likely is reluctant to forge ahead without careful deliberation, due to the high volatility that could potentially cause liquidation problems. However, each of these tokens has struggled in 2022, with SHIB in the lead by only losing 17% on the year. By comparison, Bitcoin is only down 15% year to date, and it actually broke even on the year last week before sinking again. Nevertheless, apart from SHIB, all the other assets ended up performing disappointedly.
“Shiba Inu xcritical listing said to come as early as [February],” a tweet by business news handle ZeroHedge read. The price bump came shortly after rumors of a listing on xcritical did the rounds on Twitter. According to CoinMarketCap, the total number of unique addresses holding SHIB fell to 1,128,221 on Tuesday.
Reaching 1 cent would require a massive gain that values the total market capitalization of Shiba Inu to become greater than all cryptocurrencies combined. Unlike Dogecoin (DOGE), Shiba Inu is trying to build a larger ecosystem. This goal includes ShibaSwap, a decentralized finance (DeFi) platform built around SHIB.
“One thing for sure is that [Shiba Inu’s] attractiveness will continue,” Lau says. 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. For consumers’ sake, xcritical may also be wary of adding another volatile currency to its ecosystem. Be mindful of the risks if you invest in cryptocurrencies like Shiba Inu.
In January 2018, xcritical began allowing users in select states to trade Bitcoin and Ethereum, before adding new coins like Dogecoin in July and expanding to most of the U.S. The Shiba Inu is a https://xcritical.pro/ Japanese breed of dog that originated around 2,300 years ago. In the context of crypto, Shiba Inu is a meme coin-based ecosystem launched in 2020 by an anonymous person or group named Ryoshi.
Loading…Pepe PEPE/USD and Shiba Inu SHIB/USD are seeing strong interest from whales, which prompted traders to remain optimistic about their futu… In a detailed update, Lucie, a well-known member of the Shiba Inu team and marketing head has outlined several key developments and achievements for the project…
ShibaSwap gained over $1 billion in Total Value Locked (TVL) within 24 hours of its release. This platform is a competitor to Uniswap, a popular decentralized exchange xcritical reviews platform. xcritical is well suited for big investors with portfolios in stocks, exchange-traded funds (ETFs), bonds, cryptocurrencies and commodities.
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. To hold Shiba Inu tokens and the best cryptocurrencies for the long term, use a crypto wallet. Shiba Inu (SHIB) faced substantial bearish pressure in late May, while meme coins like Pepe (PEPE) and Floki Inu (FLOKI) enjoyed the spotlight. Additionally, retailers increasingly started adopting SHIB as a means of payment following its popularity among small-time 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. SHIB is a decentralized, community-led currency held by millions across the globe. Notably, xcritical’s user base primarily consists of retail investors. SHIB’s performance on this platform suggests that individual investors hold significant influence over the market, further demonstrating the democratization of finance through such applications.
That capability is coming soon, although there is no date for transfers of Shiba Inu into and out of xcritical. Crypto markets are highly volatile, and trading or holding crypto can lead to loss of your assets. Crypto is not legal tender, and is not backed by any government or covered by any government compensation scheme. Industry leaders will delve into how such strategic moves are reshaping the crypto market and what it means for future financial systems. Rida is a Tech freelancer and she’s a technology and cryptocurrency geek but also writes intuitive articles on other topics. Rida’s motto is ‘‘Research Deeply, Test Thoroughly, and Write Simply.