Shiba Inu (SHIB) Emerged As Most Traded Crypto On Indian Exchange, WazirX, Surpassing Bitcoin And Other Altcoins

• Shiba Inu (SHIB) emerged as the most traded crypto on WazirX for March 2024, surpassing Bitcoin and other altcoins.
• SHIB’s market capitalization stands at $15.91 billion, placing it 12th among active cryptocurrencies listed on CoinMarketCap.
• The current price of SHIB is $0.000027, with support at $0.00002573 and resistance at $0.00002729.

In March 2024, Shiba Inu (SHIB) became the highest-traded cryptocurrency on the Indian exchange WazirX. 

$SHIB was one of the hottest coins on @WazirXIndia in March! The Shib Army is growing strong in India Namaste! #ShibArmy #shib https://t.co/ukASslAssa

— Shib (@Shibtoken) April 2, 2024

This attainment represents a significant transition in investor attention, making the meme coin more popular than Bitcoin and other altcoins on the platform.

WazirX’s report released on April 2 also showed that a sizable number of investors chose Shiba Inu, demonstrating its rising demand in the cryptocurrency market.

SHIB, as a coin that started as a fun competitor to Dogecoin in August 2020, has been growing considerably. 

At present, Shiba Inu trades at a price of $0.000027 at a $15.91 billion market capitalization. This would make it sit 12th among the 9,406 active cryptocurrencies on CoinMarketCap.

In addition, SHIB has seen a support level of $0.00002573 and a resistance level of $0.00002729 in the past 24 hours. 

It’s all-time high was reached on Oct 28, 2021, which leaves the present price at 69.62% down.

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The success of Shiba Inu is not only about its trading volume. The coin ecosystem has grown to include the metaverse ecosystem and the Shibarium blockchain. 

SHIB domains are for community members. These developments enhance the overall adoption and usage of the meme coin in the digital asset arena.

The demand for cryptocurrency, particularly among Indian investors, is high. In December 2022, SHIB became the most dominant trading volume on WazirX’s platform, with 27% of the first-time crypto users.

Another fascinating item on WazirX’s list of the top-traded cryptocurrencies is Bitcoin, Pepe, FLOKI, and Dogecoin, which depicts the varied interests of crypto investors. 

Shiba Inu’s rise to the top illustrates its strong market presence and the growing involvement of investors with memecoins in the cryptocurrency industry.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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