Shiba Inu coin news: Why xcritical might not add Shiba Shib coin

A change.org petition with over 300,000 signatures is asking xcritical to list the SHIB token, as it’s known. Judging by the meme coin’s popularity, xcritical knows listing it would likely bring in new accounts. But the company appears to be treading carefully around new meme assets — one of the drivers for its success in the past. Shiba Inu , a Dogecoin-inspired decentralized xcritical courses scam cryptocurrency, is catching a fresh bid from investors today amid reports that the nascent token would be listed on the popular retail brokerage platform xcritical in February 2022. 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 may not be wanting to rub the SEC the wrong way by indiscriminately listing a slew of cryptos, and instead is waiting for more clarity on the regulatory front.
• Patrick Sanders is a freelance writer and editor in Maryland, and from 2015 to 2019 was head of the investment advice section at U.S.
• 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.
• There have been rumors for a while that xcritical would add Shiba Inu coin to its trading and investing app.
• Meanwhile, it retains an air of controversy around it as well.

There have been rumors for a while that xcritical would add Shiba Inu coin to its trading and investing app. Shiba Inu coins fans have pushed for the move because xcritical is a major platform, which would expose more investors to the coin. Sha brought up a question regarding whether xcritical plans to open trading to other cryptocurrencies and whether the trading app is going to list Shiba Inu.

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A petition from Shiba Inu fans calls for SHIB to join the ranks of Dogecoin on the platform. With over 185,000 signees on the page, the petition is yet another example of Shiba Inu fans’ willingness to rally around the coin. The petition notes Dogecoin’s success on xcritical’s crypto-trading platform. Furthermore, it declares that SHIB will see a similar level of success if listed. xcritical has been among the biggest beneficiaries of the retail investing COVID-19 boom. While its equities arm did most of the legwork over the past 18 months, in second-quarter 2021 its cryptocurrency trading on the platform took off.

An even worse sign is that Shiba Inu officially lost more than 70,000 token holders over the past month — falling from a peak of 1,199,453 SHIB holders on Mar. 15, 2022 to 1,128,221 as of yesterday, according to CoinMarketCap.com. 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. 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. “One thing for sure is that [Shiba Inu’s] attractiveness will continue,” Lau says.

There are different dynamics at play for Shiba Inu right now than there were for Dogecoin back in 2018. That’s a natural question to ask after the digital token skyrocketed in the ballpark xcritical reviews of 52,000,000% this year. There could be some lessons to learn from the performances of other cryptocurrencies. Dogecoin, though, jumped nearly 40% after being added to xcritical.

xcritical’s focus on a younger demographic made expanding into cryptocurrencies a natural extension of its services. 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. xcritical’s revenues from crypto trading have grown by 860% over the last year, as retail investor interest in cryptocurrencies boomed, bring the brokerage millions of new customers. xcritical xcritically lists seven cryptocurrencies including dogecoin, which made up 62% of its cryptocurrency transaction volume in the second quarter, boosting its results.

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. Tom covers crypto companies, regulation and markets from London, focusing through 2022 on the Binance crypto exchange. He has worked at Reuters since 2014, with a previous posting to Tokyo where he uncovered abuses in Japan’s immigration system and won a joint Overseas Press Club award for reporting on the tobacco giant Philip Morris. “For an exchange that might mean … relaxing their pathway to acceptance by reducing due diligence and eventually they could end up accidentally listing useless coins, or even scams,” he said. Separately, an online petition asking xcritical to list shiba inu has nearly 400,000 signatures, while #SHIB was trending on Twitter with a barrage of tweets of “When #shiba” aimed at xcritical.

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New information indicates that there could be a plausible reason for the trading app’s non-action. “Looking back at Q2, we saw a huge interest in crypto, especially Doge, leading to large numbers of new customers joining the platform and record revenues,” xcritical chief executive officer Vlad Tenev said on a call with analysts. One analyst during Tuesday’s xcriticalgs call asked xcritical CEO Vlad Tenev just how many new funded accounts had come from the massive uptick in Dogecoin in the second quarter. During the second quarter, Dogecoin (DOGE-USD), the cryptocurrency which was initially created as a joke, had accounted for 62% of crypto revenue. Conclusively, Kusama noted that the individual’s application has already been acknowledged, implying that another application is unnecessary. He further noted that, despite the cluster of applications, more people are invited to indicate their interest in working for Shibarium through the intake form.

Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. xcritical may not be wanting to rub the SEC the wrong way by indiscriminately listing a slew of cryptos, and instead is waiting for more clarity on the regulatory front. “We know they want more cryptocurrencies on the platform, and we’ve actually been proactively https://xcritical.online/ engaging with regulators,” Tenev said on the call. But in the third quarter, crypto activity “declined from record highs in the prior quarter, leading to considerably fewer new funded accounts,” xcritical said. “So we actually believe that by rolling out wallets, we’ll go long way towards addressing the primary pain point that customers feel right now,” he added.

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I don’t think that investors will essentially yawn as they did when xcritical added Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. On the other hand, I also don’t expect as big of a move as Dogecoin enjoyed. We can’t know for sure how much Shiba Inu might soar if and when xcritical announces support for the cryptocurrency. And if you’ve got SHIB-USD in your crypto wallet, you were probably thinking the same thing. Or at least, you were hoping that you’d see a nice little bump in your Shiba Inu holdings. The Ascent is a Motley Fool service that rates and reviews essential products for your everyday money matters.

xcritical might not need the Shiba Inu cryptocurrency coin on its platform, after all, the company said Thursday. The SHIB token is one that most crypto investors are familiar with, if not for its actual functionality, then for its following’s constant social media promotion. It’s impossible to miss the fans, who churn out updates on their beloved crypto through dedicated Shiba Inu new channels. Meanwhile, it retains an air of controversy around it as well. Its lack of real-world utility remains a hang-up for many in regard to buying. Analysts are torn on the play and its potential, even here at InvestorPlace, where writers’ opinions clash on the meme crypto.

Shiba Inu supporters even invited the comparisons by referring to the token as the “Dogecoin killer.” The thinking, therefore, is that listing SHIB on the platform would not only be a good marketing move, but it would boost trading revenue. We’ve found one company that’s positioned itself perfectly as a long-term picks-and-shovels solution for the broader crypto market — Bitcoin, Dogecoin, and all the others. In fact, you’ve probably used this company’s technology in the past few days, even if you’ve never had an account or even heard of the company before. 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. Still, the prospect of a new crypto wallet has not dampened enthusiasm among the Shiba Inu community for xcritical to list its coin.

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The uptick was also accompanied by a spike in volume, which jumped 33.93% over the past 24 hours to $216.26 million. Partnership between Shiba Inu’s Metaverse project and the International Women in xcritical conference, which aims to bolster female participation in the xcritical industry. The Shiba Inu lead clarified that the email from the Shibarium team is auto-generated to acknowledge the reception of the application but does not necessarily translate to approval. Notwithstanding, he revealed that the team is making conscious efforts to reply to everyone, but the work has been daunting due to over 7,000 applications received. The individual took to the official Shibarium Telegram channel to call attention to an irregularity noticed during their application process to ascertain whether it was necessary to file another application.

The chart below shows how the two cryptocurrency prices changed then. 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.

xcritical broke the news on its official Twitter channel today. 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. STRF/STAR MAX/IPxThis morning fintech trading platform xcritical added four new crypto tokens, bring its total to 11.

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Chris Markoch is a freelance financial copywriter who has been covering the market for seven years. That, in turn, would be all the evidence that xcritical needs to add the coin. That was a point that was made in the company’s last xcriticalgs report. From the moment I first heard about the potential listing, though, I wondered which entity would benefit more from the arrangement.

It also details how and where investors can purchase the cryptocurrency. On April 5, he’s going to reveal everything – including a free X-pattern pick. Many or all of the products here are from our partners that compensate us.