Shiba Inu Tops a Prestigious Ranking in India: Details
Release: 2024/12/27 21:44 Reading: 483
Shiba Inu Surges as Leading Cryptocurrency in India
Shiba Inu (SHIB) has emerged as the most traded cryptocurrency in India for 2024, with a significant 9% of local traders engaging with it. Despite recent price fluctuations, SHIB remains a popular asset due to its impressive year-to-date gains of 115%.
Global Popularity and Indian Dominance
SHIB's resurgence has fueled its global popularity, particularly in India. According to Kashif Raza, founder of Bitinning, SHIB has surpassed established cryptocurrencies like Bitcoin, Dogecoin, and Tether in trading volume. Notably, Jalandhar has become the Indian city with the highest concentration of meme coin traders, with approximately 18% participating in the niche.
Shibarium and Token-Burning Boost
Analysts anticipate another bullish rally for SHIB due to key advancements and initiatives. The progression of Shibarium, a layer-2 scaling solution, has accelerated, with over 700 million transactions processed to date.
Furthermore, SHIB's token-burning mechanism has been instrumental in reducing its supply. The burn rate has recently increased by 50%, resulting in 27.4 million tokens destroyed. This strategy aims to enhance its value as demand remains strong.
Price Outlook
While SHIB's price has dipped slightly in the past month, its current value of approximately $0.00002223 suggests potential for an uptrend. Experts believe that Shibarium's development and the token-burning mechanism could contribute to a resurgence in SHIB's value.
Recent news
More>- Homosexual Pepe Solana Memecoin to Rally 18,000% Before Exchange Listing, While SHIB, BONK and DOGE Crash 01-01
- BTFD Presale Captivates Investors in the Best New Meme Coin Presales for Significant Returns as PEPE and SPX6900 Dominate the Scene Fuel the... 01-01
- Homosexual Pepe (HOMOPEPE) Solana Memecoin to Rally 18,000% Before Exchange Listing, While SHIB, BONK and DOGE Crash 01-01
- The Metrics Pointing to Massive Potential for WIF, JASMY, and PEPE in 2025 01-01
- BTFD Coin’s Presale is Unmissable Amid Pepe and Moo Deng’s Crypto Hype: Best Meme Coin Presales to Join This Week 01-01
- Homosexual Pepe (HOMOPEPE) Solana Memecoin to Rally 18,000% Ahead of Exchange Listing, While SHIB, BONK and DOGE Crash 01-01
- Crypto Gems for the Next Quarter: Top 5 Tokens to Watch 01-01
- Why $PEPE Jumped 20% Today And Which Coin Could Be Next 01-01
- Best New Meme Coins to Join for Short Term: BTFD Raises $4.7M in Presale as BONK Boasts Low-Cost Transactions and PEPE Enjoys Steady Followi... 01-01
Selected Topics
More>>-
- pepecoin Price Analysis
- This topic provides articles related to PepeCoin price, covering key PepeCoin insights and analysis
-
- pepe:meme star
- This topic provides articles related to the most promising meme, PEPECOIN, a project with the potential to become a mainstream digital currency. It has the advantages of decentralization, reliability, ease of use, fast speed, low cost and scalability, and is expected to be more widely used in the future
-
- pepecoin price prediction
- We’ve gathered facts about pepecoin’s success story and provided a pepecoin price prediction
Selected Articles
More>>- 1 Avalanche and Aptos rival raises over $600k in 2 weeks
- 2 Crypto Prices Today: Market Continues Rally With BTC, Pepe Coin, SEI Rising
- 3 Major Analyst Crypto Tony Bullish on These Meme Coins, But One Stands Out
- 4 MTAUR Ready to Crush DOGE and PEPE: 100x Price Growth Incoming?
- 5 Memecoins Surge in 2024, Popcat Leads with 7,621% YTD Gain, Outshining Top Crypto Tokens
- 6 PEPE Meme Coin Smashes ATH – See How Much an $83 Investment in Pepe Coin Last Year is Worth Now
- 7 Missed Pepe Unchained? Don’t Worry, This New Pepe-Themed Meme Coin Will Produce Bigger Gains in 2025
- 8 Top 4 Altcoins At 70% Discounts – Last Chance!
- 9 Smart $Pepe trader makes $11.7M profit during Market Drop
- 10 Dogecoin Creator Proposes DOGE to NBA Legend Scottie Pippen
ABOUT US
We are building the most influential，trusted information platform for aglobal community engaged in thd transformation of the financial system andthe emerging crypto economy.PEPE is an integrated platform for media,events,data & indices for the next generation fo investing and the future of money.
Get in touch with the PEPE team at admin@pepecoinbuy.com