India is slowly catching up with the emerging cryptocurrency sector.
Furthermore, India local news outlet Hindu Business Line reveals meme cryptocurrencies. Of course, Shiba Inu and Dogecoin recording a total of 13.72% (April to October) trading volume on Indian crypto exchanges.
More so, The recent crypto trend sees Dogecoin and Shiba Inu rallying ahead of Bitcoin and Ethereum among investors in India.
So, as per WazirX, a total of 50% trading volume have come from Shiba Inu.
Meanwhile, Coinswitch Kuber records Dogecoin as the leading crypto on its exchange followed by Ethereum (6.06%). Then, Bitcoin has 6.04% record.
Notably, WazirX CEO Nischal Shetty explains the reasons.
“the growth of Shiba Inu portrays the power of being a community-driven project…”
“In recent months, Shiba Inu has been in the news for being listed on more exchanges,…”
“which has increased its liquidity and access to the token.”
Furthermore, Shiba Inu and Dogecoin is popular among investors in India. Of course, is due to support by leading industrialists and global leaders like Elon Musk.
Notably, Musk always shows support for Doge, thereby causing strong impact on its pricing. Also, with his recent tweet of owning Doge along with Bitcoin and Ethereum influences even Investors in India.
Lastly, India WazirX records Shiba Inu surpassing Bitcoin in terms of trading.
Additionally, In last 24 hours, Shiba Inu has $320 million worth of investment in the India WazirX exchange.
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