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The Stars Are Aligned for SHIB After xcritical Announcement

shib xcritical
shib xcritical

Since 2017, he has written about cryptocurrencies, xcritical, and crypto’s potential to revolutionize finance. His writing has appeared in outlets including Entrepreneur, Forbes, Fortune, CEOWorld, and Yahoo!. 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 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.

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. Trading in cryptocurrencies comes with significant risks, including volatile market price swings or flash crashes, market manipulation, and cybersecurity risks. In addition, cryptocurrency markets and exchanges are not regulated with the same controls or customer protections available in equity, option, futures, or foreign exchange investing. Several federal agencies have also published advisory documents surrounding the risks of virtual currency.

  • At present, only seven cryptocurrencies are available for trading on the xcritical app, including Bitcoin, Bitcoin Cash, Bitcoin SV, Dogecoin, Ethereum, Ethereum Classic, and Litecoin.
  • They are also not very loud, which is an essential trait of guarding dogs.
  • SHIB prices surged some 7% in the past hour, data from CoinGecko shows.
  • With $2.7 billion in SHIB swapping hands, volume is also up threefold over yesterday.
  • Investors should consider the investment objectives and unique risk profile of Exchange Traded Funds carefully before investing.

ETFs are required to distribute portfolio gains to shareholders at year end. These gains may be generated by portfolio rebalancing or the need to meet diversification requirements. Additional regulatory guidance on Exchange Traded Products can be found by clicking here. Investors should consider the investment objectives and unique risk profile of Exchange Traded Funds carefully before investing. ETFs are subject to risks similar to those of other diversified portfolios. Leveraged and Inverse ETFs may not be suitable for all investors and may increase exposure to volatility through the use of leverage, short sales of securities, derivatives and other complex investment strategies.

For example, suppose you want to use them as protection against human threats (i.e., trespassing). In that case, you’ll need one with excellent obedience skills and high levels of aggression to keep strangers out but not harm anyone inside the house when they get there. We all know that excellent guard dogs have to be loud, intense, and intimidating- but Shiba Inus are known for being very docile and obedient. They can make excellent pets, but don’t rely on them to protect your property.

View other cryptocurrencies

Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team. Trading app xcritical announced on its official Twitter channel today that it was listing a handful of cryptocurrencies including Shiba Inu. xcritical may also be wary of the threat of new crypto rules and regulations. 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. SHIB, SOL, Polygon’s MATIC and Compound’s COMP tokens were added to xcritical Crypto, the platform’s crypto-focused trading platform.

A Shiba Inu is one of the popular breeds of dog that initially originated in Japan. Shiba Inu dog was made to find prey and participate in small games. The Shiba Inus are strong but are usually seen playing around with their owners rather than guarding them.

Over 1 million people—representing a third of xcritical’s users at the time—signed up to join a wait list before xcritical launched crypto trading in 2018. During Q4 2021, trading in the popular dog-inspired memecoin Dogecoin generated 40% of xcritical’s crypto revenue. That’s despite the fact that Dogecoin’s market capitalisation is just over $19B, closer to $800B and $400B respectively for Bitcoin and Ethereum. Now, judging from the looks of things, cryptocurrency bulls are barking in rejoice. Shiba Inu price predictions are everywhere today, with listing rumors prompting a strong jump for the crypto.

So if shib can get listed on xcritical it brings even more legitimacy to the project and more buyers. Additionally, shares of xcritical are down 34% since the company debuted publicly in late xcritical reviews July. A potential listing of SHIB could help boost revenue as trading in other cryptocurrencies slows down. It’s pretty clear that users of xcritical are in favor of a SHIB crypto listing.

Earlier this month, Shiba Inu reached the milestone of 1 million wallet holders. This just goes to show that momentum around the dog-themed crypto is extremely high, and that a listing on xcritical could benefit both parties. Additionally, Shiba Inu is xcritically the 12th-largest cryptocurrency by market capitalization, clocking in at $25.9 billion.

Using these wallets, users can finally move crypto assets to and from the platform. Beforehand, investors could only buy or sell crypto on xcritical. 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.

xcritical has had a rough several months

“Fading retail engagement, particularly among xcritical’s lower end consumer customer base, could represent further headwinds . While the company has negotiated much better economics on crypto trading, we see the decline in broader industry crypto volumes largely offsetting this tailwind ,” according to the analyst note from Goldman. The Shiba Inu token soared as high as 31% within the first hours of the news and has since settled back to a 19.65% pump at time of writing according to CoinMarketCap. 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 (SHIB) set to launch Shibarium L2 Beta, and Dogecoin … – Analytics Insight

Shiba Inu (SHIB) set to launch Shibarium L2 Beta, and Dogecoin ….

Posted: Thu, 26 Jan 2023 08:00:00 GMT [source]

In particular, Shiba Inu has developed a die-hard “SHIBArmy” fanbase. Shiba Inu investors have been clamoring over a xcritical listing for months now and it appears the time has finally come. Today, Breaking Crypto tweeted out a strong prediction that the token will be listed sometime in early 2022.

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Coupled with the SHIB inclusion on xcritical and investor interest, demand is likely to rise as a result of increased accessibility. Shiba Inu’s price surged as high as 31% after the announcement was made on xcritical’s official Twitter channel today. Shiba Inu is an Ethereum-based token that was launched in August 2020.

shib xcritical

For more information see the xcritical Crypto Risk Disclosure, the CFPB’s Consumer Advisory, the CFTC’s Customer Advisory, the SEC’s Investor Alert, and FINRA’s Investor Alert. Commission-free trading of stocks, ETFs and options refers to $0 commissions for xcritical Financial self-directed individual cash or margin brokerage accounts that trade U.S. listed securities via mobile devices or Web. The Fed plans to jack interest rates three times this year, which will disproportionately affect highly speculative assets such as SHIB, as investors seek safer plays. A listing on xcritical could be perfectly timed to help protect SHIB from further price slippage following inevitable interest rate hikes to attempt to slow eight straight months of 5%-plus year-over-year inflation. The creator of the petition to get SHIB listed on xcritical noted that “a xcritical listing would open trading to its 17 million traders”. “It would open up the token to easy trades for many people who may not have or may not be comfortable yet with a crypto exchange,” they continued.

Solana (SOL)

Beginning this morning, users can purchase SHIB on the xcritical app. The clamor for SHIB listing comes at a time when a million people have signed up for xcritical’s upcoming cryptocurrency wallets. The request notes that SHIBA has been “gaining new ground by the day” and references the coin’s listing on Binance, the largest cryptocurrency exchange by volume, as per CoinMarketCap. 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. Some retail investors only use xcritical and their only exposure to crypto is through there.

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. With the start of the Q US corporate xcriticalgs season fast approaching, retail trading brokerage xcritical Markets investors will be hoping for some good news that might reverse months of stock price decline. At last Friday’s closing price of $11.22 per share, HOOD has lost more 35% so far since the start of the year. Since its post-IPO record highs last August at $85.00, it has lost more than 85%. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and xcritical startups.

shib 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. Four popular cryptocurrencies, including the tokens of Shiba Inu and Solana, have been listed on the trading platform xcritical, the website shows. We have continued to note the persistent demands from Shiba Inu investors for this much-anticipated listing . In fact, a petition on has already garnered 555,320 signatures to list Shiba Inu on xcritical.

Shiba Inu, Solana Tokens Among 4 Added to xcritical

xcritical’s declining crypto trading revenues argue in favor of the listing of popular so-called memecoin Shiba Inu . At present, only seven cryptocurrencies are available for trading on the xcritical app, including Bitcoin, Bitcoin Cash, Bitcoin SV, Dogecoin, Ethereum, Ethereum Classic, and Litecoin. Much of the upswing can be attributed to the crypto’s listing on xcritical.

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