The SHIB token became the trading leader on the Indian crypto exchange WazirX.
Created as a fun competitor to Dogecoin in August 2020, Shiba Inu has grown significantly as a project, in value and popularity. Currently, SHIB is trading at $0.000026 with a market capitalization of $15.6 billion, which gives the coin 13th place in the CoinGecko rating. During its existence, the ecosystem has undergone impressive development and now includes the metaverse and the Shibarium blockchain. SHIB domains are a separate development for community members. All efforts made by the team contribute to the general acceptance and use of memcoin in the crypto market. Currently, the demand for cryptocurrency from Indian investors is extremely high. In December 2022, SHIB also dominated in terms of trading volume on the WazirX platform, with 27% of users transacting with cryptocurrency for the first time. Last month, Shiba Inu outpaced not only Bitcoin in terms of trading volume, but also other meme coins like Pepe, FLOKI and Dogecoin, which once again confirms a new round of mania around tokens. memes and strengthening the position of SHIB.
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