Memecoin-overtagelse: $SHIB, $PEPE og $FLOKI overstråler Bitcoins handelsvolumen på Indiens største børs

Memecoin-overtagelse: $SHIB, $PEPE og $FLOKI overstråler Bitcoins handelsvolumen på Indiens største børs

Tidsstempel: 4. april 2024 kl. 10
Memecoin Takeover: $SHIB, $PEPE, and $FLOKI Outshine Bitcoin’s Trading Volume on India’s Largest Exchange PlatoBlockchain Data Intelligence. Vertical Search. Ai.

A quirky shift has taken hold in the Indian cryptocurrency market, with memecoins surging in popularity to the point meme-inspired cryptocurrency Shiba Inu ($SHIB), $PEPE, and $FLOKI dominated trading on the country’s leading cryptocurrency exchanges WazirX last month.

Data first rapporteret on by Benzinga reveals that, on WazirX, all of the top five most traded tokens in March belonged to the meme category, with Shiba Inu fører pakken.

Shiba Inu has emerged as the star attraction, not only surpassing its meme coin rivals but even eclipsing Bitcoin in trading volume on WazirX amid a wider memecoin trend that has capture the attention of cryptocurrency investors, some of which made outstanding gains – and losses – trading these highly volatile tokens.

The SHIB team, recognizing the need to move beyond the meme label, is actively pursuing initiatives to establish long-term value. This includes the development of ShibaSwap, a decentralized exchange platform, and shibarium, its ecossytem’s Layer-2 scaling solution.

As CryptoGlobe reported, Shibarium, meant to improve the Shiba Inu ecosystem by providing faster transactions at a lower cost, among other improvements, has recently surpassed a major milestone, having processed over 400 million transactions since launch.


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Shibarium hit the 300 millioner transaktioner back in January of this year, and the number of daily transactions being processed on Shibarium has been fluctuating between 1.3 million and over 4 million over the last few weeks.

Notably, a popular cryptocurrency analyst has recently revealed he believes SHIB could be poised for renewed growth based on technical analysis of its 6-hour chart. On the microblogging platform X (formerly known as Twitter), Captain Faibik suggested the chart show a symmetrical triangle pattern, often interpreted by traders as a bullish signal.

En symmetrisk trekant mønster dannes ved at tegne trendlinjer, en faldende og en anden stigende, langs et konvergerende prisinterval. For at bekræfte en gyldig pause og ikke en falsk, bør handlende kigge efter en stigning i volumen og mindst to på hinanden følgende lukninger ud over trendlinjen, ifølge Investopedia.

Symmetriske trekanter indikerer normalt, at prisen vil fortsætte i samme retning som før trekanten dannede. Derfor ville handlende forvente, at prisen vil bryde opad, hvis en symmetrisk trekant følger en optrend.

Fremhævet billede via Unsplash.

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