Again in the spotlight are the two rivals Dogecoin and Shiba Inu, both of which have achieved considerable popularity and influence within a short period of time. And now their potential has been underlined once again as they have been listed by Unocoin, a popular crypto exchange in India. It is a known fact that these two meme coins are gradually taking their own place in the crypto domain, exploring new horizons for growth and development. While Dogecoin ranks up a notch in terms of seniority, it cannot be denied that Shiba Inu has gained tremendous popularity in such a short period of time that it has emerged as a challenging rival to the former. In fact, some also agree that Shiba Inu may turn out to be the DOGE killer. We can’t say for sure if SHIB is actually the DOGE killer, but his killer moves, which have received strong support, are indeed commendable.
The what and why
Unocoin, a popular crypto exchange based in India, recently announced the listing of Dogecoin and Shiba Inu through their Twitter account. Monday’s announcement caused a stir on Twitter. Let’s look at the tweet.
Hey guys, #doge and #SHIB are finally live on Unocoin. #bitcoin #dogecoin #shibainu #memes #investment #cryptocurrency 1/2 pic.twitter.com/SoXPfCJMk6
– Unocoin: Buy Bitcoin & Crypto in India 🇮🇳🥇🟠📱 (@Unocoin) December 13, 2021
The listing highlights the growing popularity of these meme coins. The listing has enabled Unocoin users to exchange DOGE for Indian rupees. SHIB has yet to get a Fiat pair, though given its growing popularity it is quite possible to get one in the near future. For now, users can trade it in for tether. Tether is known to be the most preferred stablecoin for much of the crypto industry.
Growing popularity of SHIB
Unocoin holds the title of the largest crypto exchange in India. It is not an exaggeration to say that it is an Indian counterpart to Coinbase. Unocoin was founded in 2013 and has grown into an influential and important crypto exchange in India. Unocoin added support for UPI payments less than two months ago.
While SHIB is not currently paired with any fiat currency, this should not be seen as a disappointment. Because SHIB has actually made commendable progress and growth on the Indian stock exchanges in recent months. The meme coin was listed on ZebPay about two months ago. In November, SHIB was also integrated by CoinDCX, India’s first crypto unicorn.
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