Shiba Inu still outperforms its competitors in the Meme Coin market
According to a recent tweet on X by leading Indian exchange WazirX, Shiba Inu emerged as the most traded token on its platform in March.
WazirX revealed that Shiba Inu even outperforms the leading cryptocurrency, Bitcoin (BTC), in terms of trading activity between users. This remarkable feat not only solidified SHIB's position in the Indian cryptocurrency market but also sparked optimism among the Shiba Inu community.
Shiba Inu still outperforms its competitors in the Meme Coin market
Interestingly, the Shiba Inu's dominance on WazirX far exceeds its competition with Bitcoin. The token also outperforms its competitors in the meme coin industry, including Pepe, Floki, and even the most prominent meme coin, Dogecoin (DOGE). Despite its prominence in the meme coin scene, Dogecoin still ranked in the bottom five most traded cryptocurrencies on WazirX in March.
The Shiba Inu ecosystem team was quick to take note of this remarkable achievement, with the official SHIB X handle highlighting SHIB's achievements and praising the community's resilience. The tweet reads: “SHIB is one of the hottest coins on WazirXI in March! The Shib Army is growing strong in India, Namaste!
While SHIB's trading volume on WazirX over the past day reached an impressive $427,317, less than $40k less than Bitcoin, the token's global presence is equally notable.
