Standard dogs-themed token Shiba Inu (SHIB) has continued to attract the attention of crypto merchants in India as it became the most traded coin on WazirX in April.
The leading crypto alternate announced this in a put up the day gone by, emphasizing that SHIB became once the most traded token on its platform all the intention through last month.
Top five traded coins on WazirX in April’24:
🚀 $SHIB
🚀 $BTC
🚀 $DOGE
🚀 $PEPE
🚀 $ETHWhich one did you trade the most? pic.twitter.com/Fc1E76f8Lk
— WazirX: India Ka Bitcoin Exchange (@WazirXIndia) Would possibly possibly perhaps well well also 3, 2024
SHIB Outperforms BTC and DOGE
The guidelines means that WazirX merchants are actively engaged with Shiba Inu better than any other crypto asset on the platform.
In step with the files, Bitcoin (BTC) ranked as the second-most traded crypto asset on WazirX in April. Bitcoin became once closely followed by Shiba Inu’s opponents, Dogecoin (DOGE) and Pepe (PEPE), which had been the third and fourth most traded tokens within the the same timeframe, respectively.
Seriously, Ethereum, the second-largest cryptocurrency by market cap, sat on the backside of the ranking. Love in earlier months, WazirX did no longer thunder the buying and selling volumes of all crypto assets within the checklist.
Shiba Inu Popularity Soars in India
Shiba Inu has grown to develop into one in every of the licensed tokens among Indian crypto merchants. The dogs-themed token accounts for a fundamental share of India-primarily primarily based alternate volumes.
WazirX has actively reported Shiba Inu’s buying and selling dominance in its month-to-month and yearly experiences. In March, Shiba Inu ranked as the most traded token on WazirX, outpacing BTC, PEPE, Floki (FLOKI), and DOGE.
Shiba Inu furthermore stood out as the second-most traded token on the alternate all the intention through 2023, with the asset coming on the assist of simplest Bitcoin. Commenting on the milestone, WazirX explained that its customers contain a robust preference for SHIB, as evidenced by their previous behavior.
For context, WazirX listed SHIB in Would possibly possibly perhaps well well also 2021, 9 months after the dogs-themed token launched within the crypto market. Since its itemizing, Shiba Inu has constantly ranked among the many most traded assets on WazirX.
The alternate, which helps 294 crypto assets, currently boasts a 24-hour buying and selling quantity of $2.23 million. Seriously, Shiba Inu accounts for $168,923 of WazirX’s 24-hour quantity, making SHIB/INR the third most traded pair on the alternate.
