During the rally in March, Bitcoin rose above $70,000 and renewed its ATH, while many altcoins experienced significant increases.
While the most important of these is undoubtedly the rise of meme tokens, the second largest meme token, Shiba Inu, also experienced a solid rise.
While SHIB is seeing great demand along with the price increase, India's leading cryptocurrency exchange
While SHIB surpassed Bitcoin with this success, the top five most traded cryptocurrencies on WazirX were listed as SHIB, Bitcoin (BTC), Pepe Coin (PEPE), Floki Inu (FLOKI) and Dogecoin (DOGE).
At this point, SHIB has achieved a significant success by not only leaving rival meme tokens behind, but also surpassing Bitcoin in transaction volume on the platform.
Also surprisingly, four of the five most traded cryptocurrencies in India are meme tokens, while Bitcoin has risen to become the second most traded cryptocurrency in the country.
*This is not investment advice.