- Shiba Inu and XRP are the most traded tokens on India’s top exchange, WazirX.
- Despite a stagnant crypto market, Shiba Inu and XRP continue to see heavy trading.
- WazirX, part of the Binance ecosystem, has over 400,000 registered users.
Shiba Inu (SHIB), XRP, and Bitcoin (BTC) have emerged as the top three most traded crypto assets on WazirX, India’s leading crypto trading platform, in June. This comes amid a stagnant state of the crypto market, where XRP and Shiba Inu investors continue to buy and sell substantial amounts of both crypto assets on various trading platforms daily and monthly.
WazirX, launched in 2018 and part of the Binance ecosystem, has over 400,000 registered users. A recent report revealed that XRP and SHIB were among the top three most traded assets in June. While Bitcoin led the ranking, Shiba Inu and XRP followed in terms of volume traded within the 30 days in June 2023.
WazirX offers several trading pairs for both XRP and Shiba Inu. For XRP, the most traded pairs are XRP/USDT and XRP/INR. The XRP/INR trading volume on the exchange at the time of writing, stood at $110,511 indicating that over 231214.7460 XRP tokens were traded on WazirX.
The growing interest in SHIB could be due to the upcoming Shibarium mainnet launch, as investors speculate a price surge. Similarly, the anticipation of a positive ruling for Ripple and XRP in the longstanding SEC lawsuit could be the motivation behind the rising interest in the XRP Ledger native token.
Looking ahead, the future of Shiba Inu and XRP in the crypto space appears promising. With the upcoming Shibarium launch and the potential positive ruling for Ripple and XRP, both Shiba Inu and XRP’s trading prices are expected to continue their upward trajectory, making them a worthwhile consideration for crypto investors.
