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June 2024 saw Bitcoin’s domination in the trading volumes at WazirX.
Star performers of June: Bitcoin, Shiba Inu, Floki, Pepe, Ethereum.
SHIB, FLOKI, PEPE, and ETH were among the top traded coins, demonstrating the growing popularity and speculative interest in these digital assets. Bitcoin (BTC), the most prominent crypto, was the top coin traded at WazirX.
No matter how volatile the crypto market is, the meme coins never fail to top the charts. The community-driven and internet-inspired tokens never miss a chance to make significant waves, reflecting their cultural appeal and the high volatility that traders are keen to capitalize on.
Let’s quickly overview the top 5 traded coins in June at WazirX.
#1 Bitcoin (BTC)
Launched by the mysterious Satoshi Nakamoto in 2009, Bitcoin is widely regarded as the first crypto. It is a decentralized digital currency that can be bought, sold, and exchanged without an intermediary like a bank. It is now widely accepted as a viable investment option and a mode of exchange, i.e., a currency and a store of value.
Being among the top traded coins in June, Bitcoin has recently been in the headlines. Later in June, the coin dipped below $60,000, but as the new month started, the crypto community showed optimism. Want to know what are the key reasons for this optimism? Click here.
Buy Bitcoin at WazirX from here.
#2 Shiba Inu (SHIB)
SHIB stands as a decentralized and community-driven currency embraced by millions globally. Originating in late 2020 on the Ethereum blockchain, the SHIB token has evolved into a global sensation, gaining acceptance as a payment method at numerous locations, either directly or through intermediaries. Shiba Inu coin, launched anonymously in August 2020 under the pseudonym “Ryoshi,” holds a mystique around its creator, who dismisses personal importance and suggests that any attempt to unveil their identity would yield underwhelming results.
Buy SHIB on WazirX from here.
#3 Floki (FLOKI)
Floki (FLOKI), the people’s crypto and utility token within the Floki Ecosystem, emerged from the Shiba Inu community, inspired by Elon Musk’s Shiba Inu.
With a vision for long-term autonomy and decentralization, Floki engages in strategic partnerships, builds utility into the token, and develops use cases for the Floki brand through NFTs, games, and decentralized finance features. Partnerships with notable projects like Chainlink, Trader Joe, and ApeSwap for the FlokiFi Locker underscore Floki’s commitment to a multifaceted and robust ecosystem.
Buy FLOKI at WazirX from here.
#4 Pepe (PEPE)
PEPE, a deflationary memecoin introduced on the Ethereum blockchain, pays homage to the Pepe the Frog internet meme originated by Matt Furie in the early 2000s. Embracing the trend of meme coins akin to Shiba Inu and Dogecoin, PEPE has positioned itself as a prominent meme-based crypto. The project distinguishes itself by adopting a no-tax policy and openly acknowledging its lack of utility, embracing simplicity and purity as a memecoin to resonate with the crypto community.
Buy FLOKI at WazirX from here.
#5 Ethereum (ETH)
Ethereum is an open-source, decentralized blockchain platform that allows the creation and execution of smart contracts. It was proposed by Vitalik Buterin in late 2013 and launched in 2015. It also serves as a platform for developers to build Decentralized Applications (DApps) and deploy smart contracts, which are self-executing contracts with predefined rules and conditions.
Ether (ETH) is the native crypto of the Ethereum network, which is used to reward participants for computational efforts in executing smart contracts and as a means of value transfer within the Ethereum ecosystem.
Buy ETH at WazirX from here.
Disclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.
