Wednesday, 17 April 2024

Crypto News

Shiba Inu tops trading on WazirX as KangaMoon presale hits $4 million

Shiba Inu tops trading on WazirX as KangaMoon presale hits $4 million

  • Shiba Inu (SHIB) reportedly dominated trading volume on India’s largest crypto exchange WazirX in March.
  • KangaMoon offers presale participants a chance to earn KANG before its game and NFT launch.
  • The project is currently in stage 5 of its presale and has raised over $4 million.

Shiba Inu (SHIB) topped the list of most traded tokens on India-based crypto exchange WazirX in March, according to a news update the exchange shared via X. 

Meanwhile, new meme coin project KangaMoon (KANG) has surpassed the $4 million mark in its presale.

Shiba Inu leads in trading volume on India’s WazirX

According to a post on X, SHIB topped monthly trading volumes for March, surpassing Bitcoin (BTC) and top meme coins Pepe (PEPE), Floki (FLOKI) and Dogecoin (DOGE).

Trading volume soaring in India is a reflection of the token’s strength, particularly with meme coins dominating amid a shift to long-term outlook rather than speculative hype.

As one of the top meme projects, Shiba Inu is looking to go beyond the meme tag. 

The Shiba Inu team has targeted this growth with the launch of the DEX platform ShibaSwap and layer-2 chain Shibarium. There’s great traction for the token amid overall positivity around the meme coin ecosystem.

While the price of SHIB, the second-largest meme coin by market cap behind Dogecoin, has decreased this past week, it remains one of the top trending tokens. SHIB price is up 3% in the past 24 hours and is also green against BTC and ETH.

KangaMoon (KANG) project gains traction amid meme craze

KangaMoon is a new meme coin that integrates the best of SocialFi and play-to-earn. The virtual immersive world of a kangaroo boxing adventure and NFTs mean KangaMoon’s design has two of the hottest trends in the market.

The access to the P2E game and NFTs are thus top features that put KangaMoon in the mix for best altcoins to buy in the market today.

But more than this, it’s the offering of real utility and value to its token holders right from when one joins the presale that sets this project apart in a flooded crypto presale market.

Unlike many meme coin projects, KangaMoon goes beyond being community-driven to offer in-game assets that make monetization of gaming time of real benefit to KANG holders.

The project has a total supply of 1 billion tokens, 60% of which (600 million) are available in presale. Another 150 million are…

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