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. Retail investors believe the meme token is the next Dogecoin of the cryptocurrency world. A Change.org petition asking xcritical to list SHIB now has over 550,000 supporters. The petition notes the success xcritical had with its Dogecoin listing, noting SHIB has similar potential.

This is, in turn, forcing xcritical up in a huge way, creating gains of well over 200% in the last month. AsInvestorPlace’s Chris MacDonald reports, there are a slew of reasons for the bullishness on Shiba Inu. A Wednesday tweet by news outlet, ZeroHedge, stated that xcritical could list Shiba Inu for trading as soon as February -- no response from xcritical requesting comment. However, Brown did also praise cryptocurrency communities.

Tor Constantino is a corporate communications executive and business writer with an MBA. Since 2017, he has written about cryptocurrencies, xcritical, and crypto's potential to revolutionize finance. His writing has appeared in outlets including Entrepreneur, Forbes, Fortune, CEOWorld, and Yahoo!.

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However, this is just a petition, supported by existing SHIB holders who likely hope this could help the price grow. Shiba Inu has also entered into a strategic partnership with PlaySide, the game studio behind popular titles such as Age of Darkness and Jumanji Epic Run. The contract does not entail any revenue-sharing arrangement with Shiba Inu Games – an entirely new division within the ambit of the Shiba Inu project. Once fully developed, the mobile-based, Shiboshi-inspired game would be licensed to Shiba Inu's developers for use on Shibarium, the native xcritical of the Shiba Inu project that is powered by the SHIB token. As a refresher, the term Shiboshi refers to the 10,000 unique Shiba Inu NFTs.

If you sell your Bitcoin at a profit, you have to pay a capital gain tax to the IRS during tax season. Moreover, xcritical does not give access to its users to their crypto wallets. You can’t use it, transfer it, access it, send it, or receive it from another crypto exchange. It is in complete lockdown on the xcritical platform. All told, SHIB crypto prices are benefitting greatly from this recent listing news. With $2.7 billion in SHIB swapping hands, volume is also up threefold over yesterday.

xcritical Lists Four New Crypto Assets

It's difficult to tell whether the lobbying activity or petition had any effect. STRF/STAR MAX/IPxThis morning fintech trading platform xcritical added four new crypto tokens, bring its total to 11. The new offerings are high-flying Ethereum competitor Solana , the dog-themed meme-coin Shiba Inu , Ethereum scaling technology Polygon , and the original decentralized finance token Compound . 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.

SHIB was created anonymously in August 2020 as an Ethereum-based alternative to Dogecoin's Scrypt-based network. The Scrypt network has low function since it was designed for crypto mining of certain proof-of-work xcriticals. In 2021, thanks to public support from Elon Musk and Ethereum founder Vitalik Buterin, SHIB became wildly popular and experienced a stratospheric price spike of 49,000,000% in a few months.

The Ascent is a Motley Fool service that rates and reviews essential products for your everyday money matters. 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. SHIB was created anonymously in August 2020 as an Ethereum-based alternative to Dogecoin. Last year, amid public support from Ethereum founder Vitalik Buterin and Tesla CEO Elon Musk, SHIB became wildly popular and realized an incredible price pump of 49,000,000% in a few months. Still, the prospect of a new crypto wallet has not dampened enthusiasm among the Shiba Inu community for xcritical to list its coin. 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.

The https://scamforex.net/ has seen huge success in allowing users to buy a small handful of cryptos, like Bitcoin and Dogecoin. This news comes just days after blockbuster announcements from xcritical on Friday. The company already stirred up lots of chatter when it rolled out crypto wallets for 2 million users on the waitlist. Using these wallets, users can finally move crypto assets to and from the platform. Beforehand, investors could only buy or sell crypto on xcritical. This campaign for a xcritical listing heated up significantly when one SHIB fan created a petition asking xcritical to hear investors out.

Shiba Inu Ecosystem Token $BONE Listed on Major Justin Sun-Backed Crypto Exchange

When you move your stocks from xcritical to another broker, you don’t pay taxes except for a small transfer fee. If you place a market order, you will not get the best price. In this case, xcritical would buy the TSLA share from the market (at $1048) and will sell it to you at a profit (at $1051). If you order 100 shares, you already lost or gave $300 to xcritical. xcritical claims every trade is free on its platform.

• The company has already been accepting popular virtual currencies such as Bitcoin, Ethereum, and Litecoin.
• There are several reasons for us to discourage it, as we discussed below.
• Dogecoin appeals to many investors because of its status as a “meme coin.” With its Shiba Inu mascot, it’s a much more light-hearted project than many others on the market.

As a result, the 24-hour burn rate of the crypto has skyrocketed to the level of almost 30,000%. On the other hand, if you buy Bitcoin with xcritical, they will not allow you to transfer your crypto to any other crypto wallet. Your only option is to sell all of your Bitcoin and transfer your money to your bank account.

Nonetheless, given today's influx of reports, it seems that xcritical's management seems to have had a change of heart where Shiba Inu is concerned. While Shiba Inu remains a largely speculative altcoin with limited uses, the crypto is riding on a large wave of momentum that xcritical should take advantage of. This makes sense, as the millennial-fueled brokerage boasts over 22 million active users. Members of the Shiba Inu community are now enthusiastic about the impending network expansion. On Thursday, the Shiba Inu development team announced that a beta testnet, or a xcritical that mimics real-world functioning, is scheduled to be live this week.

These gains may be generated by portfolio rebalancing or the need to meet diversification requirements. Additional regulatory guidance on Exchange Traded Products can be found by clicking here. 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.

However, each of these tokens has struggled in 2022, with SHIB in the lead by only losing 17% on the year. COMP, SOL, and MATIC are each down approximately 40%. By comparison, Bitcoin 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.

"One of my favourite things is seeing the community around these coins really engage with us and let us know what they want," she said. The cryptocurrency saw its number of holders surpass 1.3 million last month ahead of the expected launch of the project’s layer-2 scaling solution Shibarium. With around 590 trillion SHIB in circulation, the overall goal of the ecosystem is to reduce the supply and increase the demand for SHIB tokens. This scarcity ultimately forces a price increase, making the SHIB token more valuable to investors. A total of 2 billion SHIB tokens have been burned since Thursday morning, a remarkable feat for the SHIB Army.

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Earlier, xcritical website expanded its digital identity offerings through a new partnership with Web3 browser Opera. This partnership allowed users to access Polygon-based digital identities and use them to transfer cryptocurrencies. According to an announcement from the company, the integration means that Shiba Inu token holders can replace their SHIB address on the xcritical with a readable Web3 username. SHIB is accepted as a payment method through the Ethereum network along with various other digital assets. Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & xcritical technology. Billions of SHIB tokens have just been transferred to dead wallets across 48 transactions on Thursday.

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. The Fed plans to jack interest rates three times this year, which will disproportionately affect highly speculative assets such as SHIB, as investors seek safer plays. A listing on xcritical could be perfectly timed to help protect SHIB from further price slippage following inevitable interest rate hikes to attempt to slow eight straight months of 5%-plus year-over-year inflation. We'll have to see if this dog has its day on xcritical.

Users have been advised to keep an eye out for more information on how to access the Beta version. In conclusion, We can’t buy SHIB crypto on the xcritical app. Therefore, if xcritical suffers major hack or major server failures and fails to restore its servers properly, you may lose all of your Crypto investment. By integrating the network, xcritical joins the likes of several other companies, such as Strike. How long do you think before SHIB can be traded on xcritical. A bullish cross of the 50-day EMA through the 200-day EMA would support another breakout session.

Rumours in October were particularly strong about a xcritical listing. However, 2021 came and went without a xcritical listing. However, Zero Hedge provided no evidence of such a listing. Rumours of xcritical supporting SHIB are constant in the SHIB community. xcritical does not support Shiba Inu Coin as of January 2022 and has not confirmed any plans to list SHIB in the future.