Is Shiba Inu popular in India? The answer is a resounding YES! Recent data shows that interest in Shiba Inu (SHIB) among Indian investors is surging. You might be surprised to learn that around 25 Indians have invested in SHIB, making it a significant contender in the Indian crypto market. Forget just a few; the real number is considerably larger and showcases the strong adoption of this meme coin in the country.
Shiba Inu's Indian Surge: Why the Hype?
The search interest associated with Shiba Inu in India has created several spikes over the past 90 days. In fact, data from Google Analytics pointed out that the query volume related to “Shiba Inu” has been consistently high. This intense curiosity translates into real investment. According to a survey by the cryptocurrency exchange, eToro, the majority of Shiba Inu investors are young adults between the ages of. This demographic is known for embracing new technologies and high-risk, high-reward investments, further fueling Shiba Inu's popularity.
Shiba Inu vs. Other Cryptocurrencies: How Does it Compare?
While in America, Shiba Inu was the sixth most popular asset among investors, with only 17% of them diverting their funds into this $4.5 billion market-capped asset, the story in India is different. Shiba Inu occupied the fifth position, with nearly a quarter of them [23%] investing in it. The second-largest meme coin was followed by Solana, Cardano, and Polkadot, among others. This indicates a greater affinity for SHIB among Indian investors compared to their American counterparts.
What's the Current Price of Shiba Inu (SHIB)?
At press time, the 13 ranked memecoin Shiba Inu (SHIB) is priced at $, according to CoinGecko. Ultimately, the crypto massacre has taken its toll on. Keep an eye on real-time prices and market trends before making any investment decisions.
Is Shiba Inu a Good Investment for Indians?
Investing in cryptocurrencies like Shiba Inu involves risk. Do thorough research, understand the market volatility, and only invest what you can afford to lose. While the potential for high returns is appealing, remember that the value of SHIB can fluctuate dramatically. This information is for educational purposes and shouldn't be considered financial advice. Always consult with a financial advisor before making any investment decisions.