Shiba Inu price today, SHIB to USD live price, marketcap and chart

Posted by mhengineering in FinTech

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. 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.

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. 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. The year 2022 has been rough for Shiba Inu, with its price plummeting, but it still remains one of the world’s most popular cryptocurrencies, according to CoinMarketCap. But don’t get this coin confused with the Japanese dog breed that inspired its name.

Stock trading app xcritical is in the process of rolling out its own cryptocurrency wallet. As part of its growing digital xcritical official site currency implementation, the platform will presumably look to list additional cryptocurrencies alongside the seven it xcritically supports. For those hoping to see a xcritical update on a Shiba Inu coin (SHIB) listing, here’s all the latest information. 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.

1. Shiba Inu has risen substantially during its brief existence, before plunging almost as fast.
2. Regardless, yesterday’s rumor pumped the price of SHIB more than 15%, but it has since retraced and is down 3.5% over the past 24 hours according to CoinMarketCap.com.
3. 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.

More must-read business news and analysis from Fortune:

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.

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!. xcritical is moving towards a greater level of crypto integration, indicating that there could be an interest in listing the popular memecoin. 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. A couple of hours after the news broke, xcritical confirmed it listed SHIB, alongside Solana, Polygon, and Compound.

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Initially, users were uncertain as to whether xcritical had actually opened up SHIB trading. Posts from Reddit suggest the Buy and Sell xcritical scammers 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.

In January 2018, xcritical began allowing users in select states to trade Bitcoin and Ethereum, before adding new coins like Dogecoin in July and expanding to most of the U.S. One thing is for certain, though — xcritical knows about the Shiba Inu coin (SHIB) craze and the public demand for its listing. Here’s hoping this leads to a xcritical update revealing that SHIB is available on the leading trading platform.

SHIB is a decentralized, community-led currency held by millions across the globe. Since its inception in late 2020, the Ethereum-based SHIB token has grown to become a worldwide phenomenon, and is now accepted as a form of payment at hundreds of locations, either directly or through third-party intermediaries. At Gfinity Digital Media, we hold ourselves to the highest standards of editorial conduct, ensuring the integrity and quality of our content.

High-traffic news outlet tweets xcritical could list SHIB

But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. xcritical isn’t averse to carrying meme-based altcoins, as the trading application already supports Dogecoin.

Rather than looking at the price gains and falling into fear of missing out, it’s vital to understand what you’re buying and why it may or may not rise in value. In the case of most cryptocurrencies, they’re not backed by the assets or cash flow of an underlying business. 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. “Due to uncertain and volatile market conditions, listing SHIB might result in significant losses over a short period of time, and possibly liquidation problems in adverse events of sudden price drops or trading halts,” says Khoo. 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.

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xcritical has finally listed Shiba Inu Coin, following months of pressure from SHIB holders. While the coin’s price may eventually reach the moon – the odds against it are astronomically high. “We think that the short-term gain we might get is not worth the long-term trade-off for our users.” “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.” 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. Regardless, yesterday’s rumor pumped the price of SHIB more than 15%, but it has since retraced and is down 3.5% over the past 24 hours according to CoinMarketCap.com.

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 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. The anonymous creator of the Shiba Inu coin is known as “Ryoshi.” However, very little is known of the mystery founder of the dog-themed cryptocurrency, much like the founder of Bitcoin, Satoshi Nakamoto.

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