Is Shiba Inu the new King of Crypto in India? Recent reports suggest Shiba Inu reigns India, leaving even established giants like Bitcoin and Dogecoin struggling to keep pace. The canine-themed cryptocurrency, often billed as a meme or joke coin, has experienced a meteoric rise in popularity, particularly within the Indian crypto trading community. Shiba Inu [SHIB] has been making news since its inception, and its recent surge underscores SHIB’s rapid ascent within the nation’s crypto trading milieu.

Shiba Inu Surpasses Bitcoin and Dogecoin in Trading Volume 🚀

But how did this happen? What Happened: In an interesting shift in the cryptocurrency market, aside from Bitcoin BTC/USD, all of the top five traded tokens on WazirX for March were meme coins, with Shiba Inu leading the charge. This indicates a growing appetite for alternative cryptocurrencies amongst Indian investors. The trend is further cemented by data from other major Indian exchanges.

Consider this: Shiba Inu (SHIB) is now the most traded token on CoinSwitch, one of India’s largest crypto exchanges. A significant 9% of Shiba Inu trading activity is now concentrated in the Indian market. This dominance is further amplified by the fact that Shiba Inu dominates the Indian crypto market with a surge in popularity surpassing Bitcoin and Ethereum, according to recent reports.

While Bitcoin and Dogecoin still hold considerable market capitalization globally, Shiba Inu's aggressive push in India cannot be ignored. This represents a potentially significant shift in the crypto landscape, at least within the Indian context. Is this a sustainable trend, or just another fleeting moment in the volatile world of cryptocurrency? Only time will tell, but for now, Shiba Inu is undoubtedly the dog coin to watch in India.