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Shiba Inu (SHIB) surpasses BTC and DOGE as the most traded currency in India
Shiba Inu emerges most traded coin on India’s WazirX exchange
SHIB outperforms BTC and DOGE
The latest data published by the prominent Indian cryptocurrency exchange shows that WazirX traders are actively involved with the SHIB Token more than any other crypto asset on the platform.
According to the data, Bitcoin (Bitcoin) ranked as the second most traded crypto asset on WazirX in April. Bitcoin was closely followed by Shiba Inu’s rivals, Dogecoin (DOGE) and Pepê (PEPE), which were the third and fourth most traded tokens in the same period, respectively.
Notably, Ethereum (ETH), the second largest cryptocurrency by market value, was at the bottom of the ranking. However, as in previous months, WazirX did not disclose trading volumes for all crypto assets on the list.
Shiba Inu popularity soars in India
Shiba Inu has grown to become one of the favorite tokens among Indian crypto traders. The canine-themed token accounts for a significant portion of India-based exchange volumes.
WazirX actively reported Shiba Inu trading dominance in its monthly and annual reports. In March, Shiba Inu ranked as the most traded token on WazirX, surpassing BTC, PEPE, Floki (FLOKI), and DOGE.
SHIB also stood out as the second most traded token on the exchange throughout 2023, with the asset second only to Bitcoin. Commenting on the milestone, WazirX explained that its users have a strong preference for SHIB, as evidenced by their past behavior.