Bittime - Shiba Inu (SHIB), a popular meme coin and rival to Dogecoin, has shown its strength in the Indian crypto market although crypto regulation remains unclear. SHIB even managed to become the most traded coin on WazirX, a well-known crypto exchange in India.
Shiba Inu Team Thanked the Community
In a recent post on Twitter, the Shiba Inu team expressed its gratitude to the SHIBArmy community for their unwavering support. It was this support that led SHIB to achieve remarkable achievements in India.
The Shiba Inu team cited a WazirX post indicating that SHIB had surpassed Bitcoin (BTC) as the most traded cryptocurrency in March. The Shiba Inu team wrote, "SHIB was one of the hottest coins in @WazirXIndia in March!"
The Shiba Inu team also emphasized SHIBArmy's strength in India by writing, "The SHIB Army is getting stronger in India. Namaste!"
Meanwhile, Bitcoin occupies the second position in the list of most traded cryptocurrencies on WazirX. Other popular meme coins, such as Pepe Coin (PEPE), Floki Inu (FLOKI), and Dogecoin (DOGE), also made the top five list.
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Major Achievement Amid Regulatory Uncertainty
This achievement is an important milestone for SHIB and the entire meme coin community, especially given the strict regulatory oversight in India. Shiba Inu's popularity on WazirX is also a consequence of the crackdown on foreign crypto exchanges, paving the way for the success of local players.
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SHIB Struggles to Rebound
Despite the scintillating performance in India, SHIB price is still struggling to rebound. At the time of writing (April 3), the price of SHIB had risen 1.04% to $0.00002725. However, on April 4, the price of SHIB slumped 1.79% in the last 24 hours according to Bittime data. The market capitalization of this meme coin reached $16.05 billion (around Rp234.8 trillion).
Volume perdagangan SHIB turun 0,32% menjadi $932,30 juta (sekitar Rp13,7 triliun). Tren bearish ini mendorong SHIB keluar dari daftar 10 besar kripto berdasarkan kapitalisasi pasar, dan kini menempati posisi ke-12.
Meskipun mengalami penurunan, SHIB berhasil meraih keuntungan 33% dalam 30 hari terakhir berkat reli awal yang mencapai 240%. Di tengah upaya rebound, terdapat likuidasi panjang yang signifikan. Menurut data Coinglass, likuidasi panjang sebesar $1,17 juta (sekitar Rp17,2 miliar) tercatat untuk SHIB dari total likuidasi $1,50 juta (sekitar Rp22 miliar). Likuidasi panjang besar-besaran ini dapat mendorong harga lebih rendah dan mengganggu fase pemulihan.
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Cara Beli Shiba Inu (SHIB) di Bittime
You can buy and sell Shiba Inu (SHIB) in an easy and safe way through Bittime. Bittime is one of the best crypto applications in Indonesia that has been officially registered by Bappebti.
Shiba Inu (SHIB) is available on Bittime with the SHIB/USDT market pair. To be able to buy SHIB USDT on Bittime, make sure you have registered and completed identity verification. In addition, also make sure that you have enough balance by depositing some funds into the wallet. For your information, the minimum asset purchase at Bittime is IDR 10,000. After that, then you can make a crypto asset purchase in the application.
Learn the complete guide on how to buy Shiba Inu (SHIB) on Bittime.
Monitor the price chart movements of Shiba Inu (SHIB), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read:
SHIB Price Soars 128% in 7 Days: What is SHIB Price Prediction?
Shiba Inu Announces Shib Name Service (SNS) and Airdrop for SHIB Users
SHIB/USDT Price: 20,000 SHIB Investors Sell Their Tokens, What Sign?
DISCLAIMER: This article is informational in nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices may change significantly from time to time and Bittime is not responsible for fluctuations in crypto asset exchange rates.
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