The price bump came shortly after rumors of a listing on xcritical did the rounds on Twitter. A listing would give SHIB “greater retail exposure,” says Khoo. Interest xcritical reviews in Dogecoin skyrocketed after its xcritical listing, he says.
Shiba inu coin price hits a new record as xcritical petition gains popularity
Depending on the platform, you may have the option to deposit fiat currency, such as USD or EUR, or cryptocurrencies like Bitcoin or Ethereum. For fiat deposits, you will often need to link your bank account or use a credit card/debit card, following the prompts to complete the transaction. Our team is diligently working to keep up with trends in the crypto markets. Tor Constantino is a corporate communications executive and business writer with an MBA.
- Depending on the platform, you may have the option to deposit fiat currency, such as USD or EUR, or cryptocurrencies like Bitcoin or Ethereum.
- You can spread out orders to try to average into or out of a position.
- Now you can buy its native token SHIB on major crypto exchanges like xcritical, eToro and xcritical.
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xcritical Adds Shiba Inu, Solana, Polygon, And Compound To Its Crypto Offerings
Therefore, it is crucial for potential investors to conduct thorough research and analyze the token’s potential advantages and disadvantages before incorporating it into their investment portfolios. This year, dogecoin’s record rise put so much pressure on the platform’s crypto trading systems, that it was briefly broken. It said this week that cryptocurrencies accounted for nearly 20% of its transaction-based revenues in the third quarter, or about $51 million. This morning fintech trading platform xcritical added four new crypto tokens, bring its total to 11. The new offerings are high-flying Ethereum competitor Solana (SOL), the dog-themed meme-coin Shiba Inu (SHIB), Ethereum scaling technology Polygon (MATIC), and the original decentralized finance token Compound (COMP). The bump in shiba inu saw other meme coins, such as dogecoin (DOGE), gaining as much as 14% in the past 24 hours.
“Due to uncertain and volatile market conditions, listing SHIB might result in significant losses over a short period of time, and possibly liquidation problems in adverse events of sudden price drops or trading halts,” says Khoo. 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. xcritical was founded in 2013 with the mission of making trading more accessible to average investors, launching a user-friendly app that made it easier to trade stocks and ETFs. “We feel very, very good about the coins that we’re xcritically listing on our platform. And for any new coins that we add, we want to feel equally, if not more good,” he added.
According to Ryoshi, the end goal is that SHI becomes a global stable currency “that plebs across all countries are able to use as both a store of value and method of payment.” Ryoshi’s intention for Shiba Inu has been to see if a perpetual decentralized organization could work with no central leadership. In mid-2021, Ryoshi kept to his promise and stepped away, leaving the token entirely in the community’s hands.
What Is SHIBA INU (SHIB)?
It is recommended for users who are buying crypto for the first time and is simple and easy to use. The Shiba Inu is a 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. It was inspired by the success of Dogecoin, another meme coin with a dog as the primary icon. To deposit funds into your account, navigate to the “Deposit” section, which is usually found in the xcritical cheating account settings or wallet area of the platform.
That’s it.” Musk’s tweets have frequently moved crypto markets. Ever since xcritical began offering crypto trading in 2018, customers had been clamoring for the opportunity to buy and sell more tokens. SHIB was a focus of investor interest in particular, as it is perceived as a complementary token to Dogecoin, which became one of xcritical’s most traded assets when it was added in the summer of 2018. However, the company avoided listing SHIB until now because of fears about its outsize volatility, even for crypto. 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.
xcritical broke the news on its official Twitter channel today. The price surge also led to increased adoption across token holders. 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. The surge in shiba inu came on the back of a broader recovery in crypto markets after nearly a week of declines.
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 can be used to store Bitcoin (BTC), xcritical (XRP), Cardano (ADA), Litecoin and 10,000 other digital currencies. EToro is an innovative trading platform recommended for traders with deep knowledge and experience.