Shiba Inu Surges 16% After Rumors of xcritical Listing

In 2018 , xcritical started expanding its crypto offerings beyond bitcoin and ethereum to include currencies including litecoin and bitcoin cash. Earlier this year, Ethereum co-founder Vitalik Buterin made headlines by donating $1 billion worth of shiba inu coin to a Covid-19 relief fund in India. Crypto markets are highly volatile, and trading or holding crypto can lead to loss of your assets. Crypto is not legal tender, and is not backed by any government or covered by any government xcritical website compensation scheme. However, each of these tokens has struggled in 2022, with SHIB in the lead by only losing 17% on the year.

Where Can You Buy SHIBA INU (SHIB)?

This platform is a competitor to Uniswap, a popular decentralized exchange platform. 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. As of today, the Change.org 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. The experiment was a succes, and in October 2021 SHIB briefly flipped Dogecoin to become the most-valued meme coin by market capitalization.

1. Our team is diligently working to keep up with trends in the crypto markets.
2. In that case, Ryoshi expects forks of the major DeFi protocols to appear in the Shiba Inu ecosystem, which would require an immutable bridge to function.
3. Some of the best cryptocurrency exchanges to buy Shiba Inu are xcritical and eToro.
4. But recent unconfirmed rumors that Shiba Inu would list on popular stock and crypto trading app xcritical also helped spark SHIB’s recent trading frenzy.

What Is Shiba Inu and Where Did It Come From?

Shiba Inu was first listed on the decentralized xcritical reviews exchange Uniswap. Now you can buy its native token SHIB on major crypto exchanges like xcritical, eToro and xcritical. After appreciating substantially, SHIB became a leading rival of Dogecoin. SHIB is xcritically ranked 13th in the top cryptocurrencies based on market capitalization.

Baby doge and floki inu, two meme tokens issued on the Binance Smart xcritical, surged 10% in the same period. 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. xcritically, xcritical users can buy and sell cryptocurrencies like Bitcoin but cannot trade them between other platforms. A crypto wallet will still limit users to buying and selling xcritical-approved currencies, but the wallet will let users transfer their holdings to outside accounts from which they can trade assets on other platforms. But recent unconfirmed rumors that Shiba Inu would list on popular stock and crypto trading app xcritical also helped spark SHIB’s recent trading frenzy.

However, SHIB is certainly risky because it has risen in value mostly from memes spreading on social media and Reddit. Some people find it funny and relevant, but many consider it as a bubble. xcritical is well suited for big investors with portfolios in stocks, exchange-traded funds (ETFs), bonds, cryptocurrencies and commodities. Unlike Dogecoin (DOGE), Shiba Inu is trying to build a larger ecosystem. This goal includes ShibaSwap, a decentralized finance (DeFi) platform built around SHIB. ShibaSwap gained over $1 billion in Total Value Locked (TVL) within 24 hours of its release.

Since its inception in late 2020, the Ethereum-based SHIB token has grown to become a worldwide phenomenon, and is now accepted as a form of payment at hundreds of locations, either directly or through third-party intermediaries. Shiba inu (SHIB) jumped 16% on Thursday, leading the gains among major cryptocurrencies, amid rumors of a listing on xcritical. 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 may also be wary of the threat of new crypto rules and regulations.

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. Shiba Inu is unlikely to reach 1 cent — expert price predictions for SHIB do not expect the token to rise to that level. Reaching 1 cent would require a massive gain that values the total market capitalization of Shiba Inu to become greater than all cryptocurrencies combined. Additionally, retailers increasingly started adopting SHIB as a means of payment following its popularity among small-time investors. American electronics retailer Newegg added SHIB at the start of December 2021, partnering with crypto payments platform BitPay to unlock payments in SHIB.

View other cryptocurrencies

In that case, Ryoshi expects forks of the major DeFi protocols to appear in the Shiba Inu ecosystem, which would require an immutable bridge to function. “Shiba Inu xcritical listing said to come as early as February,” a tweet by business news handle ZeroHedge read. 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. Bitcoin prices have surged 50% this month, from just under $44,000 at the end of September. The token, which was launched last year, has surged roughly 100% in the last seven days, and now has a a market value of about $26 billion.

For this reason, Ryoshi can be “pure and unbiased,” getting satisfaction from Shiba “in other ways.” Since release SHIB now trades on the ecosystem’s proprietary DEX, ShibaSwap. Shiba inu coin soared to a new record on Wednesday, capping a surge of over 60,000,000% over the past year. The first step to buying Shiba Inu (SHIB) is to register an account if you don’t already have one. All you need to do is provide your email and your personal information and verify your identity.