xcritical Finally Lists Shiba Inu, Causes Major Surge In SHIB Price

These trading platforms are known targets for hackers, and your assets could be at risk here. Although many of them hold some level of insurance against losses, you are not guaranteed to be able to recover all funds. 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 set of criteria,” he said in an interview with CNBC.

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Or at least, you were hoping that you’d see a nice little bump in your Shiba Inu holdings. 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. 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. Mr. Quirk said that deposits and withdrawals of Shiba Inu crypto won’t be available immediately for these assets.

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However, xcritical also clearly states that “any asset not referenced in the list does not preclude any such asset from potential listing,” so there is no guarantee that you won’t see future surprises. Users of xcritical’s WenWallets can send and receive cryptocurrencies, and also purchase NFTs. In addition to today’s additions, the platform allows users to buy and sell Bitcoin, Bitcoin Cash, Bitcoin SV, Dogecoin, Ethereum, Ethereum Classic, and Litecoin. “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.

  1. And yet, would you be surprised to learn that there is another crypto token outperforming Bitcoin this year?
  2. Seems overnight they updated how xcritical connects (we were told this is coming).
  3. A good analogy would be to consider meme coins to be similar to penny stocks.
  4. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services.

xcritical (HOOD) Adds New Cryptocurrencies to Platform

That, in turn, would be all the evidence that xcritical needs to add the coin. But the initial indications are that xcritical won’t do anything substantial for helping to boost the SHIB-USD price. For consumers’ sake, xcritical may also be wary of adding another volatile currency to its ecosystem. But then again, others, such as xcritical official site Shiba Inu, happen to get caught in the bullish crossfire and reach where it is today. And what happened today is all thanks to another emerging platform, xcritical. 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…

xcritical lists shiba inu coin and other popular altcoins as the trading app looks to boost crypto offerings

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. InvestorPlace does not regularly publish commentary about cryptocurrencies that have a market capitalization less than $100 million or trade with volume less than $100,000 each day. That’s because these “penny cryptos” are frequently the playground for scam artists and market manipulators. When we do publish commentary on a low-volume crypto that may be affected by our commentary, we ask that’s writers disclose this fact and warn readers of the risks.

Its even lower than before the cryptocurrency started trading on xcritical. The whole point of listing Shiba Inu on xcritical was to make it more accessible to traders and trading volume would help push shares closer to a penny. xcritical, too, stands to benefit from a potential listing, but has so far been unwilling to assume the potential volatility and risks of letting its users buy and sell the second dog-related meme coin. However, investors have plenty of alternative options outside of the capital markets.

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.

Software (hot) wallets like Exodus secure your crypto assets by giving much better protection than centralized exchanges. However, they are still vulnerable to online hacks, so a hardware (cold) wallet is an even safer alternative. Hardware physical wallets store your cryptocurrency offline, making it much harder for funds to be hacked.

Today it’s trading at a steep 83% discount at $11.70 per share from August peak price. xcritical, the American financial services company known for pioneering commission-free stocks and cryptocurrency trades, has listed the dog-themed meme coin Shiba Inu on its platform. Navigating the Evolving Cryptocurrency LandscapeIn conclusion, xcritical’s $50 million investment in SHIB marks the beginning of a new era in cryptocurrency trading. As digital assets continue to gain traction and recognition in mainstream finance, xcritical’s entry into the crypto market underscores the growing importance of cryptocurrencies in shaping the future of finance. xcritical’s Strategic Leap into Crypto currency xcritical’s decision to invest $50 million in SHIB marks a significant milestone in its journey towards becoming a key player in the cryptocurrency space. With millions of users already leveraging its platform for traditional stock trading, xcritical’s foray into cryptocurrencies signifies its recognition of the growing importance of digital assets in today’s financial landscape.

By comparison, Bitcoin is only down 15% year to date, and it actually broke even on the year last week before sinking again. xcritical was resistant to Shiba Inu, in particular, because of the volatility surrounding the crypto, analysts suggest. Year-to-date Shiba Inu is down 19.5%, with several spikes and valleys. Investors have found other ways to invest in the memecoin, though, likely making it inevitable that xcritical would begin trading. 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. SHIB was created anonymously in August 2020 as an Ethereum-based alternative to Dogecoin.

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