SHIB: Shiba Inu Surges as Change org’s xcritical Petition Hits 300,000

The growing clamor for xcritical Markets Inc. to add the Shiba Inu coin to its platform is helping boost the cryptocurrency to record highs. 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.

However, the company avoided listing SHIB until now because of fears about its outsize volatility, even for crypto. This morning fintech trading platform xcritical added four new crypto tokens, bring its total to 11. The new offerings are high-flying Ethereum competitor Solana (SOL), the dog-themed meme-coin Shiba Inu (SHIB), Ethereum scaling technology Polygon (MATIC), and the original decentralized finance token Compound (COMP). Now you can buy its native token SHIB on major exchanges like xcritical, eToro and xcritical. After appreciating substantially, SHIB became a leading rival of Dogecoin. SHIB is looking to make a place among the top 10 cryptocurrencies in the world.

  1. 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.
  2. You can spread out orders to try to average into or out of a position.
  3. Shiba Inu saw a lull in its burn rate last week, which coincided with the decline in the price of the meme coin.
  4. Shiba Inu is unlikely to reach 1 cent — expert price predictions for SHIB do not expect the token to rise to that level.

The Shiba Inu is a Japanese breed of dog that originated around 2,300 years ago. In the context of crypto, Shiba Inu is a meme coin-based ecosystem launched in 2020 by an anonymous person or group named https://xcritical.online/ Ryoshi. It was inspired by the success of Dogecoin, another meme coin with a dog as the primary icon. To hold Shiba Inu tokens and the best cryptocurrencies for the long term, use a crypto wallet.

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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. Individual investors are calling for xcritical Markets Inc. to list the meme coin of the moment, Shiba Inu — a cryptocurrency that takes its name from the canine mascot of Dogecoin, itself a parody of Bitcoin. 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. Unlike Dogecoin (DOGE), Shiba Inu is trying to build a larger ecosystem. This goal includes ShibaSwap, a decentralized finance (DeFi) platform built around SHIB.

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.

Best Crypto Wallets for Shiba Inu

Ryoshi’s intention for Shiba Inu has been to see if a perpetual decentralized organization could work with no central leadership. In mid-2021, Ryoshi kept to his promise and stepped away, leaving the token entirely in the community’s hands. However, each of these tokens has struggled in 2022, with SHIB in the lead by only losing 17% on the year. By comparison, Bitcoin xcritical official site is only down 15% year to date, and it actually broke even on the year last week before sinking again. “One thing for sure is that [Shiba Inu’s] attractiveness will continue,” Lau says. 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.

Insights from on-xcritical analytics platforms reveal significant events preceding SHIB’s surge, including large-scale purchases by discerning traders and influential figures within the cryptocurrency community. Notable among these events is MakerDAO co-founder Rune’s acquisition of a substantial amount of SHIB tokens, signaling confidence in SHIB’s long-term potential and driving further momentum in its price. 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. Before you buy SHIB tokens on xcritical or eToro, consider long-term dedicated wallet storage for your tokens.

If you aren’t trading crypto on a regular basis, it is not recommended to store SHIB tokens on an exchange. 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.

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. Naturally, since the meme coin marked such a huge rally, it is bound to notice increased interest from investors. Before that happens, it is important to know that this rise was not organic since the broader market is still exhibiting bearish cues. xcritical Crypto, a rising cryptocurrency exchange, added four new tokens to its list of tradable assets. The ones to make the cut included Shiba Inu, Solana, Compound, and Polygon’s native tokens.

Shiba Inu’s 100% Jump Intensifies Calls for xcritical Crypto Listing

“Due to uncertain and volatile market conditions, [listing SHIB] 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. 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. 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. They do not charge brokerage commissions for stocks, options, and cryptos. By the way, Webull also does the same, and they already allow trading in Shiba Inu.

Still, the prospect of a new crypto wallet has not dampened enthusiasm among the Shiba Inu community for xcritical to list its coin. xcritical may also be wary of the threat of new crypto rules and regulations. In early October, after Securities and Exchange Commission head Gary Gensler said he wanted all crypto platforms to be registered with the SEC, xcritical released a statement explaining that such regulation could “adversely affect” crypto markets.

Nevertheless, apart from SHIB, all the other assets ended up performing disappointedly. The only coin out of the four, other than SHIB, that fared well was the DeFi token Compound which maintained a 5.22% rise of the 10% ceiling. Over the long run, SHIB crypto may have to undergo the equivalent of a reverse split (as with stocks). That would make the price more palatable to investors and help with its ease of investment. In addition to SHI, a financial ecosystem is planned, and SHI would be added as a weighted pool pair on Curve. 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.

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