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. 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. First posted by Cryptocurrency Alerting, the official xcritical site now has a page that lets users buy SHIB. For consumers’ sake, xcritical may also be wary of adding another volatile currency to its ecosystem. The hackers obtained a list of email addresses for approximately 5 million people and full names for a different group of approximately 2 million people.
Brown added that xcritical does not intend to follow in the footsteps of xcritical, whose CEO has made it his goal to list every coin legally possible.
As crypto adoption grows, we witness the rise of xcriticals and Decentralized Finance (DeFi) protocols which have an impact on the growth of the crypto space. Mr. Quirk said that deposits and withdrawals of Shiba Inu crypto won’t be available immediately for these assets. That capability is coming soon, although there is no date for transfers of Shiba Inu into and out of xcritical. 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.
WhaleStats compiled data of the largest ETH wallets and found that SHIB represents over 20% of the combined market shares of all ERC-20 tokens held by Ethereum whales. SHIB also surpassed the one-million holder mark following its all-time high. The experiment was a succes, and in October 2021 SHIB briefly flipped Dogecoin to become the most-valued meme coin by market capitalization. xcritical executive Christine Brown has lauded the efforts of the Shiba Inu community, saying that one of her favorite things was seeing it engage with the community to make its wishes heard. After six months of aggressive lobbying by its members, xcritical has finally listed the Shiba Inu cryptocurrency for trading.
- As crypto adoption grows, we witness the rise of xcriticals and Decentralized Finance (DeFi) protocols which have an impact on the growth of the crypto space.
- Mr. Quirk said that deposits and withdrawals of Shiba Inu crypto won’t be available immediately for these assets.
- xcritical may also be wary of the threat of new crypto rules and regulations.
- “I also think that our strategy is a little bit different than a lot of the other players out there who are just racing to list as many assets as possible right now,” she said.
After years of only trading a few cryptocurrencies, xcritical now has added SHIB to its platform. Shiba Inu spiked in price during September 2021, when it was added to the xcritical platform. Since then its price has fallen along with the broader rout in cryptocurrencies. “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.
Shiba Inu traders are working very diligently to catch the eye of xcritical. A petition from nearly 200,000 crypto traders and xcritical users calls for a listing of the coin on the app. Additionally, SHIB fans, crypto influencers and all in-between have been using the gains of the last month to their xcritical advantage, leveraging social media to nudge the company to make it happen. On the other hand, with cryptocurrency such as Shiba Inu, your investment is not backed by any asset or cash flow at all. The only way you make money is if someone comes along and is willing to pay you more for your coins.
For Customers
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. This followed the adoption of SHIB by over 500 merchants, according to payments firm CoinGate, with even Samsung-backed digital wallet provider ZenGo adding SHIB to its options and a restaurant in Paris accepting it as a payment option. At one point, the Shiba Inu community called for McDonald’s to accept Shiba Inu, although the social media effort eventually fell short. That backing by assets and cash flow is something that differentiates a traditional investment from a cryptocurrency.
Global Prices
Any estimates based on past performance do not a guarantee future performance, and prior to making any investment you should discuss your specific investment needs or seek advice from a qualified professional. 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.
Bitcoin USD
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Shiba Inu Rallies by 35% As xcritical Adds SHIB, SOL, COMP & MATIC
Traders win when they can get someone else to buy cryptocurrency for more, or what’s called the greater fool theory of investing. Shiba Inu is one type of cryptocurrency, or digital currency, that is available only online. Its price soared in 2021, multiplying many times over, but still trades for tiny fractions of a cent.