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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.
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 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.
He did not have any other positions in the securities mentioned in this article. 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.
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 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.
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 xcritical scam 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.
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Or at least, you were hoping that you’d see a nice little bump in your Shiba Inu holdings. My hunch is that Shiba Inu could vault 20% to 30% higher if xcritical decides to include it. We could even see Shiba Inu inch past Dogecoin in the rankings based on market cap.
It’s not confirmed that xcritical will actually take on a SHIB listing. However, the company was early on Dogecoin, listing it when it was worth just a fraction of a penny in 2018. With SHIB’s similar situation, combined with the rabid following it has on social media and its multi-hundred-percent gains, the stars are certainly aligning for something to happen. While the SHIB token had been available on major exchanges such as xcritical, Binance, Kucoin, and others, it was not available on xcritical.
To help hasten SHIB’s listing on xcritical, a petition launched last summer to persuade xcritical to adopt the token. As of today, the Change.org digital petition was still live and had 559,701 signatories — more than halfway to its target of 1 million. It’s difficult to tell whether the lobbying activity or petition had any effect. The SHIB token is one that most crypto investors are familiar with, if not for its actual functionality, then for its following’s constant social media promotion. It’s impossible to miss the fans, who churn out updates on their beloved crypto through dedicated Shiba Inu new channels.
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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.
- Bitcoin prices have surged 50% this month, from just under $44,000 at the end of September.
- I Don’t share the address, but I’m happy to share screenshots.
- So if the coin could crack the top 10 of cryptos in about one year without being traded on xcritical, it’s logical to assume a xcritical listing could serve as rocket fuel for SHIB.
- In fact, trading volume on SHIB-USD is actually down over the last week.
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. 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. Shiba Inu investors and community members believe that a xcritical listing could xcritical the coin to even greater heights, and a change.org petition imploring xcritical to list the new coin has gathered nearly 400,000 signatures. The parody cryptocurrency — which appears to be inspired by dogecoin, another meme cryptocurrency — is up almost 30% over the past 24 hours, according to CoinGecko. It has pared back some of its gains since hitting its all-time high early morning US time, but remains the 11th biggest digital currency by market capitalization.
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.
When Will Shiba Inu Hit xcritical? Investors Want to Know as SHIB Closes in on All-Time High.
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 https://scamforex.net/ 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.
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.
In the third quarter, xcritical earned $51 million from crypto trading, less than a quarter of the previous period’s total, leading to a 35% drop in xcritical’s overall revenue. The Shiba Inu coin, which trades as SHIB, was briefly the world’s seventh-largest crypto token in the world with a market cap of over $51 billion—roughly equivalent to the value of streaming service Spotify. “This causes a major risk for the market and holders as those wallets hold a token value superior to all the on-xcritical available liquidity,” @louround_ tweeted. Crypto analysts on Twitter, such as pseudonymous @louround_, said last week that almost 3% of pepe holdings are connected to each other.
That, in turn, would be all the evidence that xcritical needs to add the coin. That was a point that was made in the company’s last xcriticalgs report. Patrick Sanders is a freelance writer and editor in Maryland, and from 2015 to 2019 was head of the investment advice section at U.S. But the initial indications are that xcritical won’t do anything substantial for helping to boost the SHIB-USD price.
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 xcritical courses scam 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.
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.
All the reasons why xcritical might be holding off on a Shiba Inu coin listing
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.
This then brings us to the age-old question of, “When will Shiba Inu hit xcritical? ” 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.
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.
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.
