Dogecoin Demand Crashes India’s Largest Crypto Exchange

[LeziT]

India’s largest crypto exchange by trading volume, WazirX, has been struggling to meet the skyrocketing demand for Dogecoin.

Global DOGE trading volumes tripled between May 3 and 5 to over $42 billion. According to WazirX Founder and CEO Nischal Shetty, this caused the exchange’s systems to crash because the surging volumes were wrongly perceived as a cyberattack;

“On May 4, one of our systems—on detecting high traffic—wrongly marked it as bad traffic and started blocking the requests,” he said. “It was good traffic, and this error caused our users to have intermittent access to the app.”

https://cryptonews.net/en/news/market/616304/

[kent47400]

Hopefully this trend will continue to rise because I see the price of the DOGE coin is currently decreasing and it is difficult to stop it because the effect of Bitcoin has fallen so sharply.
The country of India is indeed very extraordinary that there are so many communities in cryptocurrency because in terms of its population there are many and it is certain that they also understand very well how Bitcoin trading works etc.