Despite the dullness of the cryptocurrency market, XRP and Shiba Inu traders are still actively trading large amounts of these digital tokens on various exchanges day to day and month to month.
WazirX is a renowned crypto exchange that is well-known for its high trading activity of XRP, the 6th largest cryptocurrency by market capitalization, and the decentralized SHIB token, which has a doggy theme. It was established in 2018 and is reportedly linked to the Binance ecosystem. WRX is the native token of WazirX.
A recent report uncovered that XRP and SHIB were among the most popularly traded assets on an Indian digital assets trading platform with more than 400,000 registered users during June. Though the report did not specify the exact amount exchanged, the two tokens were among the top three most traded.
Bitcoin remained in the top spot in the latest report of traded volumes over the 30-day period ending in June 2023. Shiba Inu and XRP followed, taking the second and third spots respectively.
Examining WazirX and Coinmarketcap (CMC) reveals that four trade couples are available for XRP on the platform - XRP/ BTC, XRP/USDT, XRP/ INR, and XRP/ WRX. Of these, the most traded are XRP/USDT and XRP/ INR.
CMC reports that over the last day, an amount of XRP worth $47,203 has been exchanged using the Indian Rupee. With each XRP valued at $0.489, 96,529.65 tokens have changed hands. Additionally, a total of $2,336 worth of XRP has been traded against USDT on the same Indian crypto exchange.
WazirX provides three different pairs for Shiba Inu trading-- SHIB/INR, SHIB/USDT, and SHIB/WRX. At the time of writing, there was a trading volume of $50,434 in the SHIB/INR pair, which equates to around 6,384,050,632 SHIB tokens traded.
CMC revealed that the Shiba Inu tokens traded against USDT on their exchange in the last day totaled $2,486. Additionally, the wider crypto market saw a trading volume of 14,605,286,851,073 SHIB tokens, which was worth a total of $110,182,660 over the same period of time.
The heightened attention to SHIB may be due to the upcoming debut of Shibarium, which has sparked speculation of a potential price increase. Moreover, the team has declared that more major projects and advancements will be incorporated into the SHIB setup after the mainnet Shibarium launch.
The possibility of a favorable decision in the SEC's long-running case against Ripple and XRP could be the cause of the growing enthusiasm for the XRP Ledger's native token.
HYIPer.net » Shiba Inu and XRP tokens are the most widely traded on India's top cryptocurrency exchange
