Ifeanyi Jesse 
Shiba Inu Becomes India’s Most Traded Crypto in 2024
Shiba Inu (SHIB) emerged as the most traded token on the renowned Indian exchange WazriX platform in March
According to a recent tweet on X from renowned Indian exchange WazirX, Shiba Inu was the most traded token on its platform in March.
Shiba Inu (SHIB) Outperforms Rival Meme coins in India
WazirX revealed that SHIB topped even the most popular cryptocurrency, Bitcoin (BTC), in terms of trading activity among its users. This astounding performance has strengthened SHIB’s position in the Indian cryptocurrency market. However, it has also rekindled hope in the Shiba Inu community.
Interestingly, Shiba Inu’s dominance of WazirX exceeded its fight with Bitcoin. The token also beat its competitors in the meme currency sector, such as Pepe, Floki, and even the most well-known meme coin, Dogecoin.
Despite its popularity in the joke currency space, Dogecoin was at the bottom of WazirX’s top five most traded cryptocurrencies during March.
Shiba Inu’s Potential for Significant Price Surges
The Shiba Inu ecosystem team swiftly recognized this milestone, with the official SHIB X handle highlighting SHIB’s accomplishment and appreciating the community’s tenacity.
The tweet said, “SHIB was one of the most popular currencies on WazirXI in March! Namaste! The Shib Army is getting intense in India.
While SHIB’s trading volume on WazirX during the last day was an astounding $427,317, lagging Bitcoin by less than $40K, the token’s worldwide presence is also remarkable.
The current trading activity on WazirX has reignited excitement among SHIB enthusiasts, who feel the token is primed for significant price increases in the short term.
The meme coin market saw incredible growth the previous month, with several tokens, like SHIB, re-entering price ranges previously seen during the 2021 bull run.
On March 5, SHIB returned to the $0.00004534 level for the first time since the previous bull run. At press time, SHIB was trading at $0.00002619. To hit the much anticipated $0.0001 level, the token would have to surge by 270%.
While this may appear challenging, Shiba Inu can pull off a more ambitious 378% rally in just eight days last month.
