LucieShib, a fan of Shiba Inus, published a screenshot of CoinSwitch, India’s top cryptocurrency exchange, displaying SHIB as the most traded asset.
The cryptocurrency exchange displayed a graphic representation of the top five traded currencies on its site for the last week.
For the week of April 15 to April 20, SHIB was the most popular cryptocurrency among currencies traded on the Indian cryptocurrency exchange.
Bitcoin (BTC), which was ranked second, was overtaken by Shiba Inu. The third, fourth, and fifth places, respectively, went to Dogecoin, Loopring, and Ethereum.
As SHIB was the most traded asset on Indian cryptocurrency exchange WazirX’s platform throughout the course of the previous year, it is clear that SHIB trading dominates on such platforms.
Shiba Inu was purchased by 27% of first-time cryptocurrency purchasers on WazirX, while men between the ages of 26 and 40 exchanged 50% of all SHIB tokens that were “moved” on the site.
Shiba Inu is another of WazirX’s largest holdings in its reserve, according to the proof of reserve report made at the beginning of the year.
SHIB price
SHIB was down 3.26% in the previous day at $0.0000102 as of the writing. The $0.000010 support is being closely watched, as a break below this crucial level might result in SHIB adding a further zero to its price. In this case, SHIB may attempt a new low at $0.0000096.
On the plus side, a rebound might put SHIB back close to $0.0000106. Burning of the Shiba Inu tokens has continued over the past 24 hours, with a total of 20,215,360 SHIB tokens burnt in five transactions.
