As a seasoned crypto investor with a knack for spotting promising projects, I’ve been closely watching the developments in both Shiba Inu and Dogecoin. While it’s exciting to see Shiba Eternity integrating into the Shibarium network, providing a unique play-to-earn gaming experience that could potentially set Shiba Inu apart, we can’t ignore the cold hard facts.
The developer of Shiba Inu, known as Shytoshi Kusama, has pointed out a unique feature that sets Shiba Inu apart from the popular meme coin, Dogecoin (DOGE). However, it appears that Dogecoin remains the more favored choice among crypto enthusiasts when considering this significant on-chain indicator.
Shiba Inu’s Edge Over Dogecoin
On a recent post, originally from Twitter but now known as X, Kusama hinted at the upcoming integration of Shiba Eternity into the Shibarium network to explain why Shiba Inu might surpass Dogecoin. This statement was made in response to Jordan (MyDogeCEO) announcing that gaming would soon be accessible on the Dogecoin network.
Kusama remarked, “Chuckles at Shiba Eternity,” underscoring that Game Finance (GmeFi) is deeply ingrained within the Shiba Inu network, while Dogecoin is trying to keep pace in this aspect. The play-to-earn (P2E) version of Shiba Eternity will debut on the upcoming layer-2 platform, Shibarium, and key members of the Shiba Inu team, such as Marketing Lead Lucie, have hinted at the anticipated features of the Web3 game.
As a crypto investor, I recently came across a post by Lucie where she discussed an exciting development for Web2 gamers transitioning to the Web3 version. In this new world, players will be greeted with a welcome package designed to incentivize their migration. This package will include in-game perks such as XP boosters, card packs, and an abundance of Kibble galore.
As an analyst, I’m excited to share that owning the original Shiboshis NFTs on the Ethereum blockchain grants me exclusive access to unique in-game benefits. This includes being part of closed beta tests, which will offer a sneak peek into the game before its official release. Notably, the first closed beta test, set for later, will incorporate Shiboshis NFTs directly. Furthermore, Lucie revealed that this NFT collection significantly impacts the upcoming “Breeding” phase of the game, adding an exciting layer to my gaming experience.
Dogecoin Still Enjoying More Network Activity
Although Shiba Inu may have more functionality than Dogecoin, data from market intelligence platform IntoTheBlock indicates that the original meme coin still sees more daily transaction activity than Shiba Inu. This daily transaction activity is measured by unique addresses that have engaged in on-chain transactions during a specific day.
Over the past week, the number of Shiba Inu’s daily active addresses has consistently been between 3,000 and 4,000. Conversely, Dogecoin’s daily active addresses have fluctuated between 40,000 and 50,000.
It’s important to note that Shiba Inu has outshined Dogecoin in terms of returns for its owners so far this year. As of now, SHIB has seen a year-to-date increase of more than 30%, whereas Dogecoin’s YTD gain stands at around 10%. Remarkably, Kusama had predicted earlier that Shiba Inu would excel during this bull market, surpassing coins like Dogecoin and other meme coins.
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2024-08-13 01:11