Shiba Inu (SHIB) and Polygon (MATIC) are among the most traded altcoin projects in India. Shiba Inu (SHIB) and Polygon (MATIC) seem to have become darlings of Indian traders. Details of the subject Cryptocoin. com you can follow.
India’s flagship altcoin projects
ZebPay, India’s oldest cryptocurrency exchange, has announced that Shiba Inu (SHIB) and Polygon (MATIC) are among the most traded cryptocurrencies in 2021, along with Bitcoin. ZebPay listed the Shiba Inu at the peak of its massive price increase in late October. WazirX, another major Indian crypto trading platform, mentioned Shiba Inu and rival Dogecoin among the most traded cryptocurrencies of the year. A report by WazirX earlier this month showed that Bitcoin is more popular among women, while men prefer the Shiba Inu investment. The user base of the exchange has increased by 130% this year, with Generation Y making up the majority of all users.
ZebPay CEO Avinash Shekhar believes that despite having a blockbuster year, crypto is still in its infancy. “We have seen significant growth in crypto-interested investors this year and the trend is not slowing down,” the CEO said. Also, governments around the world are warming up to crypto,” he said.
As India’s cryptocurrency community struggles to resolve the pressing regulatory issue, the country remains in limbo. According to local media, the hotly debated crypto bill that is scheduled to be presented at the winter session of parliament will now be considered next year. A November 23 bulletin mentioned a comprehensive ban on all private cryptocurrencies. However, NDTV reported in early December that it aims to regulate cryptocurrencies rather than ban them. Considering that India has a population of 1.4 billion people, there is huge potential for the crypto market.
