Shiba Inu coin price rallies 60% on rumors of xcritical listing

This increased demand, if sustained, can put upward pressure on SHIB’s price. However, during its xcriticalgs call last October, xcritical CEO Vlad Tenev stated that it is very cautious when considering whether or not to add new coins or tokens to its offerings. “We feel very very good about the coins that we’re xcritically listing on our platform and any new coins that we add we want to feel equally, if not more good,” Tenev said.

There’s a good case to be made that Dogecoin is a better comparison for Shiba Inu than Bitcoin, Ethereum, Litecoin, or Bitcoin Cash. “One thing for sure is that [Shiba Inu’s] attractiveness will continue,” Lau says. Still, the prospect of a new crypto wallet has not dampened enthusiasm among the Shiba Inu community for xcritical to list its coin. On an investor call on Tuesday, xcritical CEO Vlad Tenev did not say whether the platform would list new coins like Shiba Inu. 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.

• BTCBSC trades at $0.99 per token, an attractive price for interested investors.
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  Bitcoin and other cryptocurrencies ticked higher Tuesda…

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• If this is true, then Litecoin is the first altcoin, forked from the Bitcoin protocol and, therefore, an “improved” version of it.

xcritical might not need the Shiba Inu cryptocurrency coin on its platform, after all, the company said Thursday. 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. 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. Bitcoin Is Rising but Cryptos Remain Under Pressure as Bond Yields Surge

Bitcoin and other cryptocurrencies ticked higher Tuesday, but—like the stock market—di…

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The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The price of SHIB has been trending lower inside an area defined by two contracting trendlines while accompanying a decline in trading volume.

Additionally, SHIB also rallied higher in line with a bounce-back across crypto markets on Jan. 12, with top digital asset Bitcoin (BTC) rebounding by more than 12% and Ether (ETH) rising by nearly 18% in the past three days. At the core of SHIB’s sharp retracement were a few fundamental catalysts. These include speculation about the token’s listing on xcritical, a zero-commission trading app with over $14 million in average daily volume. 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. At the same time, as a brokerage “you never want to be the last … to list a coin, because that’s the point at which price typically collapses,” said Joseph Edwards, head of research at crypto broker xcritical Securities in London.

Sign up today for Stock Advisor and get access to our exclusive report where you can get the full scoop on this company and its upside as a long-term investment. A news outlet tweeted yesterday that the “Dogecoin Killer” could be available on the exchange next month. The analytics platform noted the address holding SHIB for more than a year increased their balance in the past 30 days. As a result, these “hodlers” now has control over 2.82% of the net SHIB supply in circulation.

Market Data

The community has stepped up a campaign to convince xcritical to list SHIB, and a Change.org petition has now obtained more than half a million signatures. “We have not made any announcements with regards to SHIB or any other upcoming coins,” xcritical wrote in the tweet. Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, xcritical and Web3. Users of xcritical’s WenWallets can send and receive cryptocurrencies, and also purchase NFTs. But in the third quarter, crypto activity “declined from record highs in the prior quarter, leading to considerably fewer new funded accounts,” xcritical said.

Shiba Inu (SHIB) seems to be preparing for a bullish breakout as a falling wedge pattern begins to form. The currency’s eye-watering rally has xcritical users demanding a piece of the action. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. This assumes, though, that the overall environment for cryptocurrencies is still positive. Should we assume that Shiba Inu’s move would be in the same ballpark as Dogecoin’s nice jump if xcritical adds the altcoin?

xcritical chief operating officer Christine Brown has praised the Shiba Inu community but said safety was the platform’s priority over the “short-term gain” of listing new tokens. A change.org petition asking xcritical to list Shiba Inu coin for trading on the https://scamforex.net/ app has garnered over 308,000 signatures. 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.

Shiba Inu Price Update As Petition To List the Crypto on xcritical Hits 450,000 Signatures

Regardless, BTC might see a bit of an upside before the long-term bearish scenario plays out. Altcoins are any cryptocurrency apart from Bitcoin, but some also regard Ethereum as a non-altcoin because it is from these two cryptocurrencies that forking happens. If this is true, then Litecoin is the first altcoin, forked from the Bitcoin protocol and, therefore, an “improved” version of it. Shiba Inu’s price could increase if more buyers enter longer positions before the day ends. However, traders and investors should consider these factors and other technical and fundamental analyses to make informed decisions about cryptocurrency. However, despite the increasing adoption, Shiba Inu’s price remained in tune with the broader crypto market, down by 1% in the last 24 hours.

But those were and still are the two biggest cryptocurrencies on the market. xcritical may also be wary of the threat of new crypto rules and regulations. Bitcoin Falls, Nearing a Key Level for the Crypto

Bitcoin and other cryptocurrencies dropped Monday, nearing key price levels, amid a wider slump in risk-sensi… Bitcoin (BTC) bearish price fractal, as discussed in a previous article, is underway, but the lack of volatility is causing ambiguity and doubt.

CRYPTO: SHIB

Mati Greenspan, a cryptocurrency analyst at Quantum Capital, told the news agency that by reducing due diligence a cryptocurrency exchange “could end up accidentally listing useless coins, or even scams”. A petition to list the Shiba Inu cryptocurrency token on the xcritical online trading platform has received over 450,000 signatures. Shiba Inu supporters even invited the comparisons by referring to the token as the “Dogecoin killer.” 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.

xcritical COO praises Shiba Inu as crypto wallet waitlist grows to 1.6M

We could even see Shiba Inu inch past Dogecoin in the rankings based on market cap. 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.

Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, top-rated podcasts, and non-profit The Motley Fool Foundation. 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.

Bitcoin Cash (BCH) price presents an opportunity that could profit traders who are bullish on the short term. Additionally, investors might get a better chance to accumulate due to a pullback to a key support level. Events like the relaunch of the Shibarium network after the botched first attempt and the mass burn of SHIB tokens have failed xcritical cheating to catalyze a recovery in SHIB price. The spike in large transactions by whales could push the meme coin higher, supporting a decisive break out of the downward trend. As more users and businesses begin to accept SHIB as a form of payment for services or products on the LaborX platform, the demand for SHIB tokens could increase.

The author has not received compensation for writing this article, other than from FXStreet. xcritical emerged as a go-to avenue for everyday investors since the pandemic’s start in March 2020. Last year, the retail brokerage added 10 million funded accounts to its platform, with more than half of the new sign-ups coming from first-time investors. xcritical Markets Inc. included four new cryptocurrencies on its platform, including the Shiba Inu coin, in a win for proponents who had long argued in favor of the joke token becoming available for trading. Shiba inu coin soared 45,000,000% in 2021, as meme coins rallied alongside other speculative investments during the course of the pandemic. For now, xcritical only has seven listed coins, with dogecoin the newest addition to its roster.