Shiba Inu (SHIB) became the most traded crypto token in the Indian crypto market amid this bull run
In this crypto bull phase, the majority of the Indian crypto traders showed a significant inclination toward Shiba Inu (Shib) as the most promising crypto token to become rich.
Shiba Inu (Shib) is the top most popular meme token, after Dogecoin (Doge). The origin of this token was nothing, just like all of the meme tokens, but in the present time ecosystem of this token is very big where we can see a dedicated blockchain network Shibarium and also another crypto token project Bone token ($Bone) corresponding to a Crypto exchange Shibswap.
On 2 April 2024, The top popular Indian crypto exchange reported that SHIB was the top traded crypto token on the platform in the last month.
It is worth it to note that Doge, floki, & Pepe are also in the top traded meme tokens list.
This is a very big fact against the basics of crypto investment fundamentals, as meme tokens remain highly volatile in nature, education among the Indian crypto traders.
It is worth it to know that the Shib token was also the second top-traded crypto token in 2023 across all the crypto exchanges in India.
Despite the high amount of investment interest in this meme token, the trade price faced a downfall. The beginning of April started with a 10% sharp fall in the trade price.
The current trade price of Shib token is 14.21% down over the last 7 days, which is a very disappointing thing for meme token lovers.
Last week, popular cryptocurrency analyst Rekt Capital predicted that the Shib token is ready to retrace its all-time high path, which is $0.000033285.
Read also: Meme token trend is still on, as AI Pepe King showed a 1,500% pump in 7 days
