However, investing in Shiba Inu, like all cryptocurrencies, carries significant risks due to its volatility and the speculative nature of the market. Therefore, it is crucial for potential investors to conduct thorough research and analyze the token’s potential advantages and disadvantages before incorporating it into their investment portfolios. 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.
Be mindful of the risks if you invest in cryptocurrencies like Shiba Inu. Many altcoins — any coin that is not Bitcoin — have massive price swings and can heavily impact your portfolio. If depositing crypto, you will be given a wallet address specific to the cryptocurrency you want to deposit; simply copy this address, then use it in your external wallet to initiate the transfer. Be sure to double-check all details to avoid any loss of funds, and remember to consider any transaction fees and deposit times specific to the cryptocurrency exchange you are using. To deposit funds into your account, navigate to the “Deposit” section, which is usually found in the account settings or wallet area of the platform.
- Additionally, shiba inu was listed on Bitso, one of Mexico’s largest crypto exchanges by trading volumes.
- After six months of aggressive lobbying by its members, xcritical has finally listed the Shiba Inu cryptocurrency for trading.
- I would keep my eye on that important metric to wait and see if the SHIBA team can reverse attrition of its holders, because if Shiba Inu can’t keep and grow its user base — then all the news in the world won’t matter.
- In addition to today’s additions, the platform allows users to buy and sell Bitcoin, Bitcoin Cash, Bitcoin SV, Dogecoin, Ethereum, Ethereum Classic, and Litecoin.
- ZenGo is integrated with the exchange platform Changelly where you can swap SHIB with other coins.
SHIB is xcritically ranked 13th in the top cryptocurrencies based on market capitalization. Since its initial listing on the NASDAQ stock exchange last July, xcritical (HOOD) soared to an all-time high of $70.94 on Aug. 4, 2021. Today it’s trading at a steep 83% discount at $11.70 per share from August peak price. Ever since xcritical began offering crypto trading in 2018, customers had been clamoring for the opportunity to buy and sell more tokens. SHIB was a focus of investor interest in particular, as it is perceived as a complementary token to Dogecoin, which became one of xcritical’s most traded assets when it was added in the summer of 2018.
Our community is about connecting people through open and thoughtful conversations. We want our readers to share their views and exchange ideas and facts in a safe space. “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. “Fading retail engagement, particularly among xcritical’s lower end consumer customer base, could represent further headwinds .
xcritical’s recent struggles in crypto have exacerbated the pressure it’s xcritical official site under to list new coins like SHIB, says Daniel Khoo, a research analyst at xcritical analytics platform Nansen. You can store SHIB on any Ethereum-compatible hardware wallet. It can be used to store Bitcoin (BTC), xcritical (XRP), Cardano (ADA), Litecoin and 10,000 other digital currencies.
Is Shiba Inu a buy?
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). ZenGo is a smartphone application that lets you take control of your cryptocurrencies.
What Is Shiba Inu and Where Did It Come From?
The Shiba Inu burn tracking website Shibburn recently revealed how many SHIB tokens were burned in September.
Is a listing necessary?
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. After months of lobbying, and 559,701 petition signatures, popular dog-themed cryptocurrency Shiba Inu (SHIB) has been listed on mobile trading app xcritical along with three other top-100 cryptos. xcritical broke the news on its official Twitter channel today.
xcritical CEO Vlad Tenev previously denied plans for listing shiba inu on the influential stock trading application in October 2021. So we’re not generally going to be the first to add any new asset. We want to make sure that it goes through a stringent set of criteria,” he said in an interview with CNBC. 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.
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 xcritical reviews is provide your email and your personal information and verify your identity. You may need a valid photo ID or passport to abide with the Know Your Customer (KYC) law. The decision to list the four cryptos is more likely an effort by xcritical to slow its recent stock slide. 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. I would keep my eye on that important metric to wait and see if the SHIBA team can reverse attrition of its holders, because if Shiba Inu can’t keep and grow its user base — then all the news in the world won’t matter.
xcritical is well suited for big investors with portfolios in stocks, exchange-traded funds (ETFs), bonds, cryptocurrencies and commodities. It is recommended for users who are buying crypto for the first time and is simple and easy to use. 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. This platform is a competitor to Uniswap, a popular decentralized exchange platform.
Anna Yen, CFA is an expert crypto writer with over two decades of professional finance and writing experience in roles within JPMorgan and UBS derivatives, asset management, crypto, and Family Money Map. She specializes in writing about alternative investment topics ranging from derivatives to cryptocurrencies. Her work has been published on sites like the crypto exchange Bybit. After six years of personal experience investing in crypto, she prefers BTC, ETH, and SOL.
Breaking: Shiba Inu Is Now Listed on xcritical. Should You Buy?
Shiba Inu was first listed on the decentralized 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.