Indians invested in Dogecoin and Shiba Inu. This can give them more profits and due to the huge surge in the market at this time, Indians are showing full interest in this coin.
As the price of Bitcoin is increasing, the curiosity about meme coins is also increasing among Indians and they are seen investing in all these coins very fast. The biggest investor is in Dogecoin. Among all these coins, Dadra and Haveli Chandigarh, Punjab, Jammu and Kashmir, and Mainpuri states are the main investors, and Haryana, Sikkim, Delhi, Nagaland, Uttarakhand are the states with the highest investment,
Investments are being made very fast in coins like Doge Coin and Shiba Inu. It is seen that Indians are also very happy about the crypto market and they invest their money in it and earn profits. If you want to invest in it then stay tuned to this blog, we will tell you about their price. Will do a thorough analysis of whether its price can increase or not.
As soon as Bitcoin price appears to move above the $60000 support, it signals an opportunity among Indian investors and they prefer to invest more in the meme coin as they can get more profits at lower costs. They like earning more money. As Bitcoin touches the $70000 level, they see a better opportunity to invest in coins with names like Shiba Inu.
As soon as Bitcoin hits its all-time high, we may see meme coin prices rise again and if the Bitcoin price touches the $80000 level before Halloween then you can be sure that the price of Dogecoin will be closer to $1. And Shiba Inu can grow up to 500 percent and it can touch its highest level. Indians have also become the biggest investors of these two coins, from this, you can imagine why Indians show so much interest in meme coins.
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Indians invested in Dogecoin and Shiba Inu price
Indians are seeing good growth in the prices of Shiba Inu and Dog Coin since last month.
Dogecoin price
Currently, the price of Dogecoin is around 0.2168. Talking about Indian Rupee, its price is around Rs 19, and currently, a growth of about 10 percent is being seen in it. If we look at its weekly chart, people have seen an increase of almost 40% in its weekly chart. At present an increase of about 10 percent is being seen in its market cap. Currently, its market cap is close to $30 billion, hence the crypto which is ranked eighth in market cap.
Investors are also seeing an increase of almost 15 percent in its trading volume and currently, it has around 5 billion trading volumes and is the sixth-largest coin in terms of trading volume. Cryptocurrency has become a big meme coin. What is the reason for the continuous increase in its prices?
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First of all, due to its growth, the number of people trading in it has increased and its supply market is also less than Shiba Inu and if we talk about its maximum supply then it is unlimited. The supply can be increased in the future, hence it is being said that Shiba Inu dogecoin killer can be available in the future because the supply is limited, so Indians should understand about it completely and gather information, only then buy such coins. Should invest.
shiba inu price
Indians have been seeing an increase in the prices of Shiba Inu since last week. From last week till now, the price of Shiba Inu has increased by about 15 percent. At present, the price of this coin is around 0.00003109 dollars and the price of Shiba Inu is also increasing by around three percent. It is also being seen that the trading volume in cryptocurrencies is increasing. Its trading volume has increased by more than 12% in the last 24 hours and currently has a trading volume of approximately $1,731,169,810
And the main reason for this is its low price. Its market supply is the highest. For this reason its supply is highest in the market. If you look at its monthly chart, you will see a profit of almost 150% in its monthly chart. At this point, it has soon halved its all-time high. This is going to touch the highest level, which you can easily guess,
An increase of 200-300 percent can be easily seen in this coin, if the price of Bitcoin comes close to 80 thousand dollars, then if you want to invest, you can invest in such coins. But only small amounts should be invested in such coins because the value of Bitcoin in the coins gets reduced and their value starts falling immediately.
Indians should invest in Shiba Inu and Dogecoin
If you want to invest in this coin, then first gather complete information about this coin, after that you should invest only a small amount in it because meme coins are often like risk and reward. If their popularity increases in the market, their price will also increase. They keep growing very fast. If they go out of use then their value reduces which can lead to loss of your money.
Meme coins are often created as a joke, which causes their prices to fluctuate in the market. And suddenly a bullish pattern starts forming. If this trading is not done then their prices will keep falling and as soon as a new Pisces coin comes in the market, the prices of the old Meme coin start falling, from which you can guess that such a coin will prove beneficial for you. It is also not very possible that you should never invest in such coins for a long period as these coins cannot be trusted
It becomes very difficult to predict their prices as to when the coin will fall sharply in the market and when it will rise even higher. This is because most of the celebrities are associated with the meme coins due to which their prices increase very fast and as soon as the celebrity sells it and is called well, the price of this coin suddenly decreases. Sometimes investors invest in this coin at the highest price and then face huge losses, so please pay attention.
DISCLIAMER
If you invest in this coin in the future and you suffer any kind of loss then this website will not be responsible in any way because this website has collected all the information from many websites till now and it is not our financial advice Which inspires you to invest. This coin. Invest in coins Invest in such coins until you have complete confirmation of the information.