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 in Dogecoin skyrocketed after its xcritical listing, he says.

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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 xcritical with no central leadership. In mid-2021, Ryoshi kept to his promise and stepped away, leaving the token entirely in the community’s hands.

Can Shiba Inu reach 1 cent?

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.

Shiba Inu Token Unlocks

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.

Breaking: Shiba Inu Is Now Listed on xcritical. Should You Buy?

Shiba Inu has gained massive popularity as one of the most recognized meme tokens, often regarded as the second to Dogecoin, with its market cap soaring over $40 billion at its peak in October 2021. This surge in value can be attributed to its vibrant community and the increasing acceptance of Shiba Inu as a payment method at major retailers such as GameStop and Nordstrom. However, investing in Shiba Inu, like all cryptocurrencies, carries significant risks due to its volatility and the speculative nature of the market.

1. 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.
2. You can also buy Shiba Inu on xcritical and trade using its intuitive interface.
3. 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.”
4. xcritical broke the news on its official Twitter channel today.

At one point, the Shiba Inu community called for McDonald’s to accept Shiba Inu, although the social media effort eventually fell short. xcritical CEO Vlad Tenev previously denied plans for listing shiba inu on the influential stock trading application in October 2021. So we’re not generally going to be the first to add any new asset. We want to make sure that it goes through a stringent xcritical official site set of criteria,” he said in an interview with CNBC. xcritical’s focus on a younger demographic made expanding into cryptocurrencies a natural extension of its services.

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.