Shiba Inu

Rise

Coin

<div class="watcher-guru"> 
 <p>The search interest associated with Shiba Inu in <a rel="noopener noreferrer nofollow" title="India" href="https://thebittimes.com/tag/india.html">India</a> has created several spikes over the past 90 days. In fact, data from Google Analytics pointed out that the query volume related to “Shiba Inu <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>” has been hovering above average of late. This is a sign that people from the <a rel="noopener noreferrer nofollow" title="India" href="https://thebittimes.com/tag/india.html">India</a>n community are closely monitoring this asset.</p> 
 <figure class="wp-block-image size-large"> 
  <img decoding="async" width="1024" height="332" src="https://cdn.thebittimes.com/images/2023/09/09/a0516e83cff21bca7f6a702fcaf01f58.webp" alt class="wp-image-111052" srcset="https://cdn.thebittimes.com/images/2023/09/09/a0516e83cff21bca7f6a702fcaf01f58.webp 1024w, https://cdn.thebittimes.com/images/2023/09/09/a0516e83cff21bca7f6a702fcaf01f58.webp 300w, https://cdn.thebittimes.com/images/2023/09/09/a0516e83cff21bca7f6a702fcaf01f58.webp 768w, https://cdn.thebittimes.com/images/2023/09/09/a0516e83cff21bca7f6a702fcaf01f58.webp 1536w, https://cdn.thebittimes.com/images/2023/09/09/a0516e83cff21bca7f6a702fcaf01f58.webp 2048w, https://cdn.thebittimes.com/images/2023/09/09/a0516e83cff21bca7f6a702fcaf01f58.webp 380w, https://cdn.thebittimes.com/images/2023/09/09/a0516e83cff21bca7f6a702fcaf01f58.webp 550w, https://cdn.thebittimes.com/images/2023/09/09/a0516e83cff21bca7f6a702fcaf01f58.webp 800w, https://cdn.thebittimes.com/images/2023/09/09/a0516e83cff21bca7f6a702fcaf01f58.webp 1160w, https://cdn.thebittimes.com/images/2023/09/09/a0516e83cff21bca7f6a702fcaf01f58.webp 2250w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: Google Trends 
  </figcaption> 
 </figure> 
 <p><strong>Also Read:&nbsp;Shiba Inu: 9 Developments in Shibarium That Could Push SHIB to $0.01</strong></p> 
 <h3 class="wp-block-heading" id="h-financial-independence-very-important-to-indians">Financial Independence ‘Very Important’ to Indians</h3> 
 <p>Crypto assets have been attracting investors from around the world, while most regulators have been taking a cautious approach. Nevertheless, industry proponents have been calling for the integration of traditional and decentralized finance systems.</p> 
 <div class="quads-location quads-ad33739 " id="quads-ad33739" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="publift-ad add"> 
   <div data-fuse="22560828227"></div> 
  </div> 
 </div> 
 <p>A recent survey by ConsenSys pointed out that two out of three Indians think that the financial system could be improved. Around three-fourths of the population believed that the country had the necessary technology to completely transform the system.</p> 
 <p>The survey results also pointed out that, for 73% of the population, financial independence is ”very important.” Crypto assets provide faster wealth generation when compared to other investment options. At the same time, users can also lose funds at the same pace. So, are Indians playing it safe and staying away from crypto assets like Shiba Inu, or are they actively trading and investing in them?</p> 
 <figure class="wp-block-image size-large"> 
  <img decoding="async" width="1024" height="768" src="https://cdn.thebittimes.com/images/2023/09/09/546f3e4140e142d752f7e16a4ad9ba55.webp" alt class="wp-image-111050" srcset="https://cdn.thebittimes.com/images/2023/09/09/546f3e4140e142d752f7e16a4ad9ba55.webp 1024w, https://cdn.thebittimes.com/images/2023/09/09/546f3e4140e142d752f7e16a4ad9ba55.webp 300w, https://cdn.thebittimes.com/images/2023/09/09/546f3e4140e142d752f7e16a4ad9ba55.webp 768w, https://cdn.thebittimes.com/images/2023/09/09/546f3e4140e142d752f7e16a4ad9ba55.webp 380w, https://cdn.thebittimes.com/images/2023/09/09/546f3e4140e142d752f7e16a4ad9ba55.webp 550w, https://cdn.thebittimes.com/images/2023/09/09/546f3e4140e142d752f7e16a4ad9ba55.webp 800w, https://cdn.thebittimes.com/images/2023/09/09/546f3e4140e142d752f7e16a4ad9ba55.webp 1160w, https://cdn.thebittimes.com/images/2023/09/09/546f3e4140e142d752f7e16a4ad9ba55.webp 1200w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: CoinMarketCap 
  </figcaption> 
 </figure> 
 <p><strong>Also Read:&nbsp;Shiba Inu: ‘High Demand’ Provoked SHIB’s 46,000,000% Rise</strong></p> 
 <div class="quads-location quads-ad15192 " id="quads-ad15192" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div id="primisContainer" class="add"></div> 
 </div> 
 <h3 class="wp-block-heading" id="h-shiba-inu-makes-a-cut-into-the-top-5">Shiba Inu Makes A Cut Into The Top 5 </h3> 
 <p>ConsenSys conducted 1013 interviews with people between 18 and 65 years old residing in India and found out that nearly 1/3 of them had bought crypto assets in the past but sold them eventually. 21% of them currently own crypto, while 46% have never stepped into the trading or investing arena.</p> 
 <p>Nevertheless, more than half of <a rel="noopener noreferrer nofollow" title="India" href="https://thebittimes.com/tag/india.html">India</a>ns would consider investing in <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> over the next 12 months, while only 12% say that they will definitely not invest in <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>. The survey found out that the main reasons to invest were ‘curiosity,’ followed by the ‘need to trade for long-term returns’ and ‘portfolio diversification.’</p> 
 <p>Among the users who had bought <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> assets, Bitcoin, Ethereum, Dogecoin, and Binance Coin were the top four. They had a weightage of 69%, 38%, 27%, and 27%, respectively. Shiba Inu occupied the fifth position, with nearly a quarter of them [23%] investing in it. The second-largest meme coin was followed by Solana, Cardano, and Polkadot, among others.</p> 
 <div class="quads-location quads-ad33742 " id="quads-ad33742" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="publift-ad add"> 
   <div data-fuse="22560828233"></div> 
  </div> 
 </div> 
 <p>In America, Shiba Inu was the sixth most popular asset among investors, with only 17% of them diverting their funds into this $4.5 billion market-capped asset. When compared, Shiba Inu is evidently a much more popular investment option in India when compared to America.</p> 
 <div class="wp-block-image"> 
  <figure class="aligncenter size-large is-resized"> 
   <img decoding="async" loading="lazy" src="https://cdn.thebittimes.com/images/2023/09/09/96a8a644842a4a2e19e2ed79e81b37e8.webp" alt class="wp-image-111051" style="width: 100%;height:435px" width="250" height="435" srcset="https://cdn.thebittimes.com/images/2023/09/09/96a8a644842a4a2e19e2ed79e81b37e8.webp 589w, https://cdn.thebittimes.com/images/2023/09/09/96a8a644842a4a2e19e2ed79e81b37e8.webp 173w, https://cdn.thebittimes.com/images/2023/09/09/96a8a644842a4a2e19e2ed79e81b37e8.webp 380w, https://cdn.thebittimes.com/images/2023/09/09/96a8a644842a4a2e19e2ed79e81b37e8.webp 550w, https://cdn.thebittimes.com/images/2023/09/09/96a8a644842a4a2e19e2ed79e81b37e8.webp 610w" sizes="(max-width: 250px) 100vw, 250px"> 
   <figcaption class="wp-element-caption">
     Source: ConsenSys 
   </figcaption> 
  </figure> 
 </div> 
 <p><strong>Also Read:&nbsp;Shiba Inu: SHIB to Hit $0.001 If Its Market Cap Touches $550 Billion?</strong></p> 
</div> 
<div class="cs-entry__tags"> 
 <ul> 
  <li>crypto</li> 
  <li>India</li> 
  <li>shib</li> 
  <li>shiba inu</li> 
 </ul> 
</div> 
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/shiba-inu-25-indians-have-invested-in-shib-tbt62151.html">https://thebittimes.com/shiba-inu-25-indians-have-invested-in-shib-tbt62151.html</a></p>

Shiba Inu: 25% Indians Have Invested in SHIB

Table of Contents

TheBitTimes

Other articles published on Sep 9, 2023

JPMorgan Explores Blockchain-Based Deposit Token for Cross-Border Payments

Grayscale’s Ethereum Fund Nears Yearly Highs Despite ETH Price Drop

Why Bitcoin Spark Could Be Your Next Cryptocurrency Investment Over Dogecoin

Terpopular Sepekan: BTC Masuk Bull Trap hingga Kota Ramah Bitcoin

AR Price Forecast 2023: Can Arweave Recover From Fall and Rise?

Ripple's CLO calls SEC's latest filing "Hypocritical Pivot"

Join our free newsletter for daily crypto updates!