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Indian exchanges pin DOGE, SHIB as market’s favorite puppers
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In the last six months, meme coins were seemingly the most sought-after cryptocurrencies in India, as per a local report. According to which, Dogecoin and rival Shiba Inu had a lion’s share in the country’s trading volume.
Since the market’s favorite puppers have registered a massive surge in the past few weeks, their trading volume in India surpassed even that of the king coin, Bitcoin. And so, Ethereum and MATIC were also behind the meme coins between April and October, as per exchange data from two domestic players.
Indian exchange CoinSwitch Kuber estimated that Dogecoin contributed 13.76% to the overall trading volume on its platform.
Meanwhile, Ethereum and Bitcoin remained close to 6% with Polygon’s MATIC at around 4.5% of the
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