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 for in-game rewards, while staking and buybacks will account for 100k and 50k respectively.

Should you buy KangaMoon as presale hits $4 million?

Currently in stage 5, total amount raised has crossed the $4 million mark, with price rising from $0.005 to $0.0196. The price remains relatively at extremely bargain levels, suggesting buying now could be a huge opportunity.

In particular, this is an outlook likely to strengthen as experts predict continued growth for meme coins. Also notable is the estimated growth for the global play-to-earn and NFT game market, with research showing a potential spike from $3.6 billion at a CAGR of 21.3% to 2028.

With KangaMoon, meme culture meets the benefits of P2E and SocialFi, with anyone able to earn KANG tokens by taking part in various gameplay challenges.

If they are not engaging in epic battles, token holders can tap into the top fighters’ potential by placing bets.  KANG rewards are available weekly, monthly and quarterly.

The excitement around this project has seen the KangaMoon presale gain massive popularity. Investors who may have missed Shiba Inu, Pepe, Floki and recently dogwifhat, are increasingly betting on KANG. 

Learn more about KangaMoon here.

The post Shiba Inu tops trading on WazirX as KangaMoon presale hits $4 million appeared first on CoinJournal.

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