Amid a notable rally in March, Bitcoin surged above $70,000 and reached a new all-time high, leading to significant gains for many alternative cryptocurrencies.

Among these altcoins, the rise of meme tokens stands out prominently, with Shiba Inu, the second largest meme token, experiencing a substantial increase in value.

Driven by a surge in demand and price, SHIB has surpassed Bitcoin in trading volume on India's leading cryptocurrency exchange, WazirX. The top five most traded cryptocurrencies on the platform are now SHIB, Bitcoin (BTC), Pepe Coin (PEPE), Floki Inu (FLOKI), and Dogecoin (DOGE).

SHIB's achievement of surpassing Bitcoin in transaction volume showcases a remarkable success story, outpacing both competing meme tokens and the most well-known cryptocurrency in the market.

Interestingly, four out of the five most traded cryptocurrencies in India are meme tokens, indicating a unique trend in the market. Despite this, Bitcoin has climbed to become the second most traded cryptocurrency in the country.

Please note that this content should not be taken as investment advice.