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Shiba Inu (SHIB), a preferred meme coin and Dogecoin rival, has set its foothold firmly in India regardless of crypto regulatory woes. SHIB emerged as the highest traded crypto on WazirX, an Indian crypto trade. Moreover, the SHIB staff expressed optimism towards the identical.

Shiba Inu Team Expresses Gratitude

In a current submit on X, the Shiba Inu staff underscored the SHIBArmy’s unwavering assist that led them obtain this feat in India. The staff quoted a submit by WazirX whereby they famous that SHIB surpassed Bitcoin (BTC) as the highest traded crypto in March. The Shiba Inu staff wrote, “SHIB was one of the hottest coins on @WazirXIndia in March!”

Highlighting the SHIBArmy’s assist, the staff wrote, “The Shib Army is growing strong in India. Namaste!” Meanwhile, Bitcoin took the second spot on WazirX prime traded crypto listing whereas different widespread meme cash additionally entered the scene. Furthermore, Pepe Coin (PEPE) grabbed the third spot, adopted by Floki Inu (FLOKI) and Dogecoin (DOGE).

The improvement is a serious milestone for SHIB and the whole meme coin neighborhood owing to the regulatory scrutiny in India. Moreover, Shiba Inu gaining reputation on WazirX can also be a consequence of the crackdown on international crypto exchanges, which paved the way in which for native gamers’ success.

Also Read: Shiba Inu Coin: SHIB Burn Shoots 4000%, Signals Price Recovery Ahead?

SHIB Price Struggles

The Shiba Inu worth is struggling to maintain the rebound efforts. At press time, the SHIB price was up by 1.04% to $0.00002725 on Wednesday, April 3. Meanwhile, the famend meme coin boasted a market capitalization of $16.05 billion.

Whilst, the SHIB commerce quantity 0.32% to $932.30 million. However, the bearish pattern ousted Shiba Inu from prime 10 cryptocurrencies by market cap listing because it now holds the twelfth place. Despite the crash, SHIB holds 33% revenue made within the final 30 days attributable to its preliminary 240% rally.

Amid the rebound, important lengthy liquidations had been famous. According to Coinglass knowledge, $1.17 million lengthy liquidations had been recorded for SHIB out of $1.50 million liquidations. The huge lengthy liquidations might push the value decrease and disrupt the restoration section.

Also Read: Shiba Inu Burn Spikes 2300% Amid Market Corrections, SHIB Price Recovery Looms?

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