As a researcher with a background in cryptocurrency and blockchain technology, I find SHIB‘s recent achievements noteworthy. The meme coin has consistently proven its popularity among traders by topping trading charts on various exchanges, including WazirX. This is an impressive feat, especially considering that it surpassed the likes of Bitcoin, Dogecoin, and Ethereum in terms of trading volume.
TL;DR
- SHIB tops some trading charts for April, surpassing BTC, DOGE, and ETH, showcasing its consistent popularity among traders.
Analysts like Ali Martinez and Rekt Capital anticipate a potential Shiba Inu bull run, with buy orders placed and bullish predictions suggesting triple-digit price increases.
SHIB’s Solid Achievement
As a researcher studying the cryptocurrency market, I’ve noticed that Shiba Inu has been generating significant buzz lately with noticeable price surges and impressive developments.
As a data analyst, I’d put it this way: Among all the cryptocurrencies traded on WazirX in April, this one emerged as the frontrunner with the highest volume of transactions. It outpaced Bitcoin (BTC), Dogecoin (DOGE), Pepe (PEPE), and Ethereum (ETH) in terms of trading activity.
Top five traded coins on WazirX in April’24:
$SHIB
$BTC
$DOGE
$PEPE
$ETH
Which one did you trade the most?
— WazirX: India Ka Bitcoin Exchange (@WazirXIndia) May 3, 2024
As a researcher, I’ve observed that SHIB has previously held the number one spot in terms of trading volume on WazirX. It surpassed Bitcoin, PEPE, FLOKI, and DOGE during March. It’s important to note that SHIB ranked as the second-most traded cryptocurrency on the platform in 2023.
I’d like to bring up the fact that WazirX, a leading Indian cryptocurrency exchange, boasts an impressive user base of over 6 million individuals and records monthly trading volumes in the billions. Being part of the Binance group, it caters to clients in more than 180 countries around the world.
Recent SHIB Price Predictions
The price of the meme coin has been displaying upward trends for the last few days, leading some analysts to speculate that a larger price increase might be imminent. For instance, social media user Ali Martinez openly disclosed his intent to purchase more, anticipating potential gains of up to 300%.
Rekt Capital and content creator Jake Gagain have recently shared optimistic views on cryptocurrencies. Rekt Capital anticipates a significant price surge of over 100%, while Jake Gagain strongly believes that dismissing Shiba Inu is a misstep.
The resurgence of Shiba Inu‘s burn rate and the development of the layer-2 blockchain solution – Shibarium – are two major factors that could positively impact the asset’s value. As CryptoPotato reported, over 81 million tokens were destroyed in the last 24 hours, while the network underwent two essential upgrades.
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2024-05-06 12:32