Shiba Inu Tops BTC and DOGE on Indian Exchange

Shiba Inu (SHIB) Dominates Trading on WazirX in April

In April, the canine-themed cryptocurrency Shiba Inu (SHIB) emerged as the most traded token on WazirX, India's leading crypto exchange.

WazirX Announces SHIB's Dominance

WazirX recently revealed that SHIB was the most traded token on its platform throughout the month. This announcement highlights the active engagement of WazirX traders with SHIB, surpassing all other crypto assets.

Bitcoin Trails Behind, Ethereum Lags

According to the data provided, Bitcoin (BTC) secured the second position as the most traded crypto asset on WazirX in April. Following closely were SHIB's competitors, Dogecoin (DOGE) and Pepe (PEPE), ranking as the third and fourth most traded tokens, respectively.

Interestingly, Ethereum, the second-largest cryptocurrency by market capitalization, ranked at the bottom of the list. WazirX did not disclose the trading volumes of all crypto assets, maintaining a trend seen in previous months.

Shiba Inu's Rising Popularity on WazirX

Shiba Inu has cemented its position as one of the preferred tokens among Indian crypto traders, commanding a significant share of volumes on India-based exchanges. WazirX has consistently highlighted Shiba Inu's trading dominance in its monthly and yearly reports, showcasing its popularity among users.

In March, Shiba Inu claimed the top spot as the most traded token on WazirX, surpassing prominent cryptocurrencies like Bitcoin (BTC), Pepe (PEPE), Floki (FLOKI), and Dogecoin (DOGE). Throughout 2023, Shiba Inu maintained its prominence as the second-most traded token on the exchange, trailing only behind Bitcoin. WazirX attributed this milestone to the strong preference of its users for SHIB, evident from their consistent trading behavior.

WazirX listed SHIB in May 2021, nine months after its launch in the crypto market. Since its listing, Shiba Inu has remained a fixture among the most traded assets on WazirX, showcasing its sustained popularity and trading activity.

WazirX, supporting a total of 294 crypto assets, currently boasts a 24-hour trading volume of $2.23 million. Notably, Shiba Inu contributes significantly to WazirX's trading volume, accounting for $168,923 and making the SHIB/INR pair the third most traded on the exchange.

Disclaimer:

Please note that this article is for informational purposes only and should not be construed as legal, tax, investment, financial, or any other type of advice.