Dogecoin’s meteoric rise can be traced, in part, to fallout from the GameStop saga in March, as individual retail traders who fueled GameStop’s rise turned to joke cryptocurrencies. Periodic tweets in support of Dogecoin from Tesla CEO Elon Musk also helped it gain legitimacy. The listing came after xcritical announced last week that it activated 2 million WenWallets for 2 million eligible users. WenWallet is the company’s version of the crypto wallet, which was launched in September 2021.

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However, SHIB is certainly risky because it has risen in value mostly from memes spreading on social media and Reddit. Some people find it funny and relevant, but many consider it as a bubble. It is recommended for users who are buying crypto for the first time and is simple and easy to use. News of the additional offerings comes days after xcritical made its crypto wallet available to 2 million waitlisted users, allowing them to more directly interact with cryptocurrencies.

xcritical (HOOD) Adds New Cryptocurrencies to Platform

And the investing fad has even inspired a boom in Shiba Inu dogs, as Fortune’s Danielle Abril reported. “The recent rise of Dogecoin and its buzzy crypto cousin, Shiba Inu coin, which also uses its namesake breed as a mascot, have made Shiba Inu dogs a hot commodity. Fans of digital currencies, along with people with a nose for trends, are snapping up Shiba Inu puppies, creating a boom for the teddy bear-ish dogs that parallels the soaring cryptocurrency market,” she wrote. By embracing cryptocurrencies like SHIB, xcritical is not only diversifying its offerings but also tapping into a rapidly expanding market of crypto enthusiasts and investors. This strategic leap into cryptocurrency sets the stage for xcritical to emerge as a major player in the digital asset trading ecosystem.

Shiba Inu (SHIB) Whale Receives 445.86 Billion Tokens from xcritical

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. However, the company avoided listing SHIB until now because of fears about its outsize volatility, even for crypto. With xcritical leading the charge, the future of cryptocurrency trading looks brighter than ever before, paving the way for innovation, growth, and opportunity in the digital age. According to a blog post from xcritical, cryptocurrency customers have consistently requested a more extensive set of coins and tokens as well as the ability to send and receive cryptocurrencies outside of xcritical.

Shiba Inu Is Outperforming Bitcoin in 2024, and It’s Not Even Close. But Does That Make It a Buy?

It’s not confirmed that xcritical will actually take on a SHIB listing. However, the company was early on Dogecoin, listing it when it was worth just a fraction of a penny in 2018. With SHIB’s similar situation, combined with the rabid following it has on social media and its multi-hundred-percent gains, the stars are certainly aligning for something to happen. Retail investors believe the meme token is the next Dogecoin of the cryptocurrency world.

Best Crypto Wallets for Shiba Inu

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. Ever since xcritical began offering crypto trading in 2018, customers had been clamoring for the opportunity to buy and sell more tokens.

1. It is one of the largest crypto exchange service providers in the world.
2. The coin has found a place on the official website of xcritical, much to the cheer of the Shib Army, a group that focuses on trading and buying the Shiba Inu cryptocurrency coin and NFTs.
3. 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.
4. The whale has been accumulating SHIB tokens from xcritical and Zero Hash, a platform that supports crypto payments.
5. As the announcement came to light, it took less than a few hours for the hype surrounding the news to reflect on the assets’ price action, and as always, Shiba Inu was the first to react.

This then brings us to the age-old question of, “When will Shiba Inu hit xcritical? ” xcritical is one of the most popular platforms for retail trading. Notably, it’s the go-to for the meme trading we’ve seen since early January. It’s also one of the only brokerages that offers up the ability to buy crypto in-platform.

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 thinking, therefore, is that listing SHIB on the platform would not only be a good marketing move, but it would boost trading revenue. 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. Just as with stocks, crypto investors should seek established and proven opportunities. Right now, Bitcoin takes the cake in those regards and is a much safer choice than Shiba Inu — regardless of what the percentage returns look like at first glance.

Although crypto is widely considered a risky investment compared to stocks or bonds, investors might want to consider some exposure for diversification purposes. While a degree of humor can be appreciated here, prominent CEOs and investors should refrain from commentating on anything too specific about the markets. While crypto generally has a more polarizing reputation compared to more established asset classes, Bitcoin is often referred to as “digital gold” given its reputation as a unique value during volatile economic periods. When it comes to cryptocurrency, Bitcoin is probably the most well-known.

Ryoshi also stated that Shiba Inu was an experiment in decentralized community building, and he thus declined all the influencer requests and pitches from different exchanges he received. His “job” is to defend the brand and give suggestions, although he does so very sparingly, as his last blog entry dates back to May 2021. However, each of these tokens has struggled in 2022, xcritical scammers with SHIB in the lead by only losing 17% on the year. By comparison, Bitcoin is only down 15% year to date, and it actually broke even on the year last week before sinking again. xcritical was resistant to Shiba Inu, in particular, because of the volatility surrounding the crypto, analysts suggest. Year-to-date Shiba Inu is down 19.5%, with several spikes and valleys.

According to Ryoshi, the end goal is that SHI becomes a global stable currency “that plebs across all countries are able to use as both a store of value and method of payment.” Since release SHIB now trades on the ecosystem’s proprietary DEX, ShibaSwap. Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about. Chris Markoch is a freelance financial copywriter who has been covering the market for seven years. That, in turn, would be all the evidence that xcritical needs to add the coin.

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 https://xcritical.pro/ 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. If you are a short-term trader who understands the market and its risks, then SHIB could be a good option for you.

Or at least, you were hoping that you’d see a nice little bump in your Shiba Inu holdings. As the announcement came to light, it took less than a few hours for the hype surrounding the news to reflect on the assets’ price action, and as always, Shiba Inu was the first to react. Mr. Quirk said that deposits and withdrawals of Shiba Inu crypto won’t be available immediately for these assets.