10 Nov Shares in xcritical tumble as Shiba Inu locked out

shiba inu coin news today xcritical
shiba inu coin news today xcritical

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 https://xcritical.online/ — one of the drivers for its success in the past. xcritically, xcritical users can buy and sell cryptocurrencies like Bitcoin but cannot trade them between other platforms.

A listing would give SHIB “greater retail exposure,” says Khoo. Interest in Dogecoin skyrocketed after its xcritical listing, he says. “Due to uncertain and volatile market conditions, 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. But xcritical is also beginning to feel the volatility of crypto markets. In January 2018, xcritical began allowing users in select states to trade Bitcoin and Ethereum, before adding new coins like Dogecoin in July and expanding to most of the U.S.

Still, the prospect of a new crypto wallet has not dampened enthusiasm among the Shiba Inu community for xcritical to list its coin. The new crypto wallet that xcritical plans to launch in early 2022 may also make it unnecessary for xcritical to list coins like Shiba Inu. 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. Unlike its predecessor cryptocurrencies on xcritical, Dogecoin delivered an impressive gain after being added to the platform. There’s a good case to be made that Dogecoin is a better comparison for Shiba Inu than Bitcoin, Ethereum, Litecoin, or Bitcoin Cash.

Shiba Inu investors have been clamoring over a xcritical listing for months now and it appears the time has finally come. Today, Breaking Crypto tweeted out a strong prediction that the token will be listed sometime in early 2022. Shiba Inu remains one of the most volatile cryptocurrencies to own right now. Various notable headwinds of late relating to a broad crypto market sell-off this past weekend and a hack of the BitMart exchange, which saw SHIB tokens stolen, has investors on edge. On Thursday, the General Manager of Crypto for xcritical, Johannn Kerbrat, took to Twitter to provide an update on the much-anticipated xcritical Wallet. According to Kerbrat, the trading platform had begun rolling out the wallet to its over one million users on the waitlist.

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Per Fortune, Christine Brown, the chief operating officer of xcritical Crypto, said that xcritical isn’t trying to add new cryptocurrency coins soon, even though Shiba Inu fans are hoping for it to happen. SHIB prices surged some 7% in the past hour, data from CoinGecko shows. It is the second memecoin to be listed on xcritical, xcritical official site alongside Dogecoin’s DOGE. COMP jumped 6.6%, MATIC added 3.5% and SOL 2%. Shaurya is the Co-Leader of the CoinDesk tokens and data team, focusing on decentralized finance, markets, on-xcritical data, and governance across all major and minor xcriticals. xcritical may also be wary of the threat of new crypto rules and regulations.

  • Shiba Inu price predictions are everywhere today, with listing rumors prompting a strong jump for the crypto.
  • This makes the hype around the coin demonstrably real; investors are not just taking interest in the coin, they’re pouring massive quantities of money into it.
  • I’m sure you’ve heard about the petition that’s been going around to persuade xcritical to list Shiba Inu.
  • Shiba Inu remains one of the most volatile cryptocurrencies to own right now.

Shiba Inu also gave its name by retweeting xcritical’s tweet. It’s not confirmed that xcritical will actually take on a SHIB listing. However, the company was early on Dogecoin, listing it when it was worth just a fraction of a penny in 2018.

The price of the shiba inu coin has sprinted up exponentially over the last 12 months but people who exclusively use xcritical have missed out on the gains as the meme cryptocurrency remains unlisted on the trading platform. Shiba Inu has been seeing a major upside since the crypto market began its recovery rally, but there may be more in store for the altcoin. A major update from the crypto and stock trading platform has once again put the meme coin in the spotlight and provided another boost for it. A change.org petition with over 300,000 signatures is asking xcritical to list the SHIB token, as it’s known.

How Much Would Shiba Inu Soar if xcritical Adds the Altcoin?

„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. „To the extent xcritical can bring out a much more scaled, much more robust crypto offering, we think there’s a lot of incremental monetization opportunity over time,“ he added. Separately, xcritical rezension there was no indication Musk is involved in floki inu, a cryptocurrency inspired by Musk’s dog, with that coin’s backers engaging in an advertising blitz launched in London. Shiba inu was thrust into focus this week, rising more than 20% on Tuesday after an anonymous crypto whale bought 276.6 billion tokens for about $11.5 million.

If You Invested $100 In Shiba Inu Today, Here’s How Much You’ll … – Benzinga

If You Invested $100 In Shiba Inu Today, Here’s How Much You’ll ….

Posted: Sun, 19 Feb 2023 08:00:00 GMT [source]

My hunch is that Shiba Inu could vault 20% to 30% higher if xcritical decides to include it. We could even see Shiba Inu inch past Dogecoin in the rankings based on market cap. 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. xcritical’s chief said the platform is waiting for more regulatory clarity on further coin listings.

Shiba Inu’s miraculous rise from second-tier meme coin to crypto giant is largely thanks to the so-called SHIB Army, a large and devoted group of fans and investors. The Shiba Inu coin, which trades as SHIB, was briefly the world’s seventh-largest crypto token in the world with a market cap of over $51 billion—roughly equivalent to the value of streaming service Spotify. Keith Speights has no position in any of the stocks mentioned. The Motley Fool owns and recommends Bitcoin and Ethereum. 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. Investors have been speculating for a while now that xcritical could soon include the altcoin.

Mengapa Binance Staking Triliunan Token SHIB INU, SHIBARIU, BONE, dan DONI WOW Crypto?

In the second quarter of 2021, xcritical made $233 million in revenue from crypto trading, accounting for nearly 40% of xcritical’s $565 million in total revenue that quarter. 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, 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.

shiba inu coin news today xcritical

A Change.org user called Tristan Luke put up the online petition in May with the goal of gathering 500,000 signatures in support of a shiba inu listing. In the recent run-up fueled by the xcritical listing rumors, Shiba Inu coin has become the11th-largest cryptowith a market value of nearly $24 billion, putting it within striking distance of Dogecoin’s $29 billion market cap. The drop came as more than 333,000 people signed a petition on change.org called “Kindly request of xcritical to list Shiba Inu coin! ” with the link URL noting the trading platform will prosper if it lists the coin. News of weak trading in coins like Dogecoin led shares in xcritical to fall by 10.7% to $35.32 a share in premarket trading Wednesday—more than $2 below its $38 July IPO price and less than half of its $85 peak. When a new meme currency comes to market, there will regularly be solid starting interest.

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As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG. The meme coin is unlisted on the trading platform, but an online petition is aiming to change that status.

shiba inu coin news today xcritical

A beta version of its iPhone app showed the company’s work on such features, the report said. There was also a hidden image showing a waitlist page for users signing up for a crypto wallet feature, the report added. Now, judging from the looks of things, cryptocurrency bulls are barking in rejoice. Shiba Inu price predictions are everywhere today, with listing rumors prompting a strong jump for the crypto.

But in the third quarter, crypto activity “declined from record highs in the prior quarter, leading to considerably fewer new funded accounts,” xcritical said. All of these videos that say this or that place is gonna go public with shib and then doesn’t just hurts the publics perception of the coin just let the coin take it’s course. The move is thanks to its whopping $11.5 billion in market capitalization. AsInvestorPlace’s Chris MacDonald reports, there are a slew of reasons for the bullishness on Shiba Inu. Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, xcritical and Web3.

We try our best to create the best inspirational videos/financial education videos to help to lift you up when you’re down and to inform you, so that you can become a better person in business and in life. The uptick was also accompanied by a spike in volume, which jumped 33.93% over the past 24 hours to $216.26 million. CoinQuora believes Shiba Inu will shed a zero by the end of 2022. The site sees the token closing the year at $0.002, a strongly bullish prediction.

The latest news impacting markets, business and finance around the world. xcritical might not need the Shiba Inu cryptocurrency coin on its platform, after all, the company said Thursday. He added that the assets are available to buy and sell now on the xcritical app, but deposits and withdrawals for them won’t be available immediately. “One thing for sure is that [Shiba Inu’s] attractiveness will continue,” Lau says. On an investor call on Tuesday, xcritical CEO Vlad Tenev did not say whether the platform would list new coins like Shiba Inu. 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.