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Shiba Inu Tops a Prestigious Ranking in India: Details
In a stunning turn of events, Shiba Inu (SHIB) has topped a prestigious ranking in India, marking a significant milestone for the cryptocurrency. According to recent data, SHIB has become the most-traded cryptocurrency in India this year, with a whopping 9% of local traders engaging with it.
Interestingly, Pepe (PEPE) ranks second on the list, boasting an impressive 8% participation rate among Indian traders. Meanwhile, Bitcoin (BTC), Dogecoin (DOGE), and Tether (USDT) follow suit in terms of popularity, with DOGE emerging as a close contender to PEPE.
The data further reveals that Jalandhar has emerged as the city with the most meme coin traders, with a staggering 18% of residents interacting with these digital assets. This surprising statistic highlights the growing interest in this space within India’s crypto community.
As for SHIB itself, it is worth noting that its price has experienced a significant correction recently, having plummeted by roughly 10% over the past month. However, there are several factors that could contribute to another surge in the near future.
Source: cryptopotato.com
