Shiba Inu Reigns India Leaving Bitcoin & Dogecoin in Its Wake

Volatility rules the crypto world. Trends are rapidly evolving in the market, and the spotlight often shines on new tokens that capture the attention of traders.Shiba Inu [SHIB] It has been in the news since its establishment.It has even surpassed powerful ones like Bitcoin. [BTC] and dogecoin [DOGE] In terms of popularity. Recently, India’s prominent crypto exchange even won the title of most traded coin on WazirX.

WazirX announced the unprecedented dominance of Shiba Inu as the most traded token on the platform throughout April. This further reveals the growing popularity of meme coins among cryptocurrency enthusiasts in India. In addition to this, this also highlights the rapid rise of SHIB in the domestic crypto trading environment.

Despite the formidable existence of Bitcoin, SHIB has managed to surpass King Coin in trading volume. Dogecoin, the OG meme cryptocurrency, paved the way for other meme coins to enter the market. However, the asset was put on the back burner, falling behind SHIB and further cementing its position in the Indian crypto market.


Factors contributing to the rapid increase in SHIB in India

The rapid growth of SHIB in India can be attributed to several factors. The network’s playful branding resonates with young people. They may be drawn to the Shiba Inu’s meme-worthy charm. Additionally, the relatively low price makes it accessible to a wide range of people. This is especially true for new entrants looking to enter the field without making large investments.

Also read: Shiba Inu: Team member suffers latest burn injury

Shiba Inu weekly price prediction

Meanwhile, at the time of writing this article, SHIB was trading at $0.0000249, up 1% daily. Changelly’s forecast suggests a bullish week ahead. The Shiba Inu could rise to a high of $0.00003426 later this week.


Also read: Predicting Shiba Inu will weigh 3 cents: When?

With its growing popularity and optimistic market forecasts, SHIB continues to carve a niche in the Indian cryptocurrency industry. It promises exciting prospects for investors.

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