This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. The latest data on Arkham shows a massive spike in xcritical’s SHIB holdings, which were holding around 20 trillion SHIB on Aug. 10, equivalent to around $197.40 million. On the date of publication, Shrey Dua did not hold (either directly or indirectly) any positions in the securities mentioned in this article.
At this year’s Bitcoin Conference 2022, xcritical, through its chief product officer Aparna Chennapragada, revealed its plan to add the Bitcoin Lightning Network to its platform so users could enjoy faster transactions. The Lightning Network is a layer-2 network built on Bitcoin that allows speedier transactions at a much lower cost. 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. As mentioned earlier, the coin has skyrocketed roughly 52,000,000% this year.
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. Stock trading app xcritical is in the process of rolling out its own cryptocurrency wallet. As part of its growing digital currency implementation, the platform will presumably look to list additional cryptocurrencies alongside the seven it xcritically supports. For those hoping to see a xcritical update on a Shiba Inu coin (SHIB) listing, here’s all the latest information. Additionally, shiba inu was listed on Bitso, one of Mexico’s largest crypto exchanges by trading volumes. However, the announcement did little to affect prices, trading data shows.
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Will xcritical add more crypto?
The thinking, therefore, is that listing SHIB on the platform would not only be a good marketing move, but it would boost trading revenue. My hunch is that Shiba Inu could vault 20% to 30% higher if xcritical decides to include https://scamforex.net/ it. We could even see Shiba Inu inch past Dogecoin in the rankings based on market cap. There’s also a case to be made that expectations that xcritical will add support for Shiba Inu are at least partially baked into its price.
There’s a ton of support amongst Shiba Inu coin holders for the meme currency to list on xcritical for Android and iPhone (iOS); some are seemingly even calling xcritical with what amounts to a sales pitch. xcritical saw its shares fall Wednesday below the company’s IPO price right after the platform reported worse-than-expected third-quarter revenues due to a drop in cryptocurrency trading, Fortune reports. “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. Tor Constantino is a corporate communications executive and business writer with an MBA. Since 2017, he has written about cryptocurrencies, xcritical, and crypto’s potential to revolutionize finance.
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At the time, Kusama said that Shibarium had “accumulated over 65,000 wallets and 350,000 transactions” prior to the re-opening announcement. So, with Shiba Inu’s much-anticipated listing making waves for the token, let’s see where the experts think this crypto is headed next. “One of my favourite things is seeing the community around these coins really engage with us and let us know what they want,” she said.
It’s difficult to tell whether the lobbying activity or petition had any effect. 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. Being listed on the exchange would also help add credibility that the altcoin is not just a meme coin.
Shiba Inu Surges 16% After Rumors of xcritical Listing
Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns. This assumes, though, that the overall environment for cryptocurrencies is still positive. That’s a natural question to ask xcritical scammers after the digital token skyrocketed in the ballpark of 52,000,000% this year. For now, “investors are finding ways to purchase SHIB even without the use of xcritical,” Khoo says, and its growth may mean that xcritical can’t ignore it forever.
- In fact, trading volume on SHIB-USD is actually down over the last week.
- These processed transactions are then bundled and posted on the main Ethereum xcritical, thereby circumventing Ethereum’s high gas fees issues.
- The price bump came shortly after rumors of a listing on xcritical did the rounds on Twitter.
- As mentioned earlier, the coin has skyrocketed roughly 52,000,000% this year.
- This assumes, though, that the overall environment for cryptocurrencies is still positive.
- The protocol interacts with the main xcritical via smart contracts – programs that automatically execute actions when certain conditions are met.
xcritical does not support Shiba Inu Coin as of January 2022 and has not confirmed any plans to list SHIB in the future. Reports from the Shiba Discord have speculated that a transaction that unstaked 1 trillion SHIB ($22 million) on April 11 could have been xcritical preparing for the listing. First posted by Cryptocurrency Alerting, the official xcritical site now has a page that lets users buy SHIB. At the time of writing, the Shiba Inu coin is up nearly 10 percent. “We think that the short-term gain we might get is not worth the long-term trade-off for our users.”
In fact, trading volume on SHIB-USD is actually down over the last week. 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. Today, xcritical users can trade seven crypto currencies on the platform, and crypto trading has become integral to the app’s financial performance.
When is the xcritical crypto wallet release date?
While the reason for this increase in SHIB holdings isn’t clear, it may have something to do with the official opening to the public of Shibarium, the layer-2 scalability solution of the Shiba Ecosystem. After its problematic launch earlier this week due to overwhelming demand, Shiba Ecosystem’s pseudonymous lead developer, Shytoshi Kusama, announced that the team is re-opening the network to the public. If user demand is a factor in whether or not a SHIB xcritical listing materializes, then things are looking positive.
After receiving a xcritical listing in September 2021, and subsequent listings on xcritical and CoinDCX, SHIB holders are looking towards xcritical to complete SHIB’s listing collection. As this is a developing situation, we’ll update this page when any more news comes out to clarify the SHIB listing information. We’d recommend following the xcritical Twitter account to get more information as it comes. To celebrate the new listing, xcritical is also giving away $10 in SHIB to a select group of users. Initially, users were uncertain as to whether xcritical had actually opened up SHIB trading. Posts from Reddit suggest the Buy and Sell buttons do not yet work, but some Twitter users confirmed they had bought SHIB through xcritical.
However, this is just a petition, supported by existing SHIB holders who likely hope this could help the price grow. Shiba Inu’s Shibarium L2 is expected to use BONE as its native tokens and not the SHIB or LEASH coins. The BONE coin will be initially priced at $0, with subsequent pricing depending on the market demand/supply dynamics. Nonetheless, SHIB and LEASH holders will be able to use their holdings to yield the BONE coin on ShibaSwap. The surge in shiba inu came on the back of a broader recovery in crypto markets after nearly a week of declines.
The latest official comment from a xcritical executive on Shiba Inu comes from its CFO, Jason Warnick. The latest rumour comes from right-wing political outlet Zero Hedge. Posting on Twitter, it claimed that xcritical would list SHIB in February. Rumours of xcritical supporting SHIB are constant in the SHIB community.
