Anika Begay
Lead developer of Shiba Inu, Shytoshi Kusamahighlighted a characteristic that gives the Shiba Inu an edge over the top meme currency, Dogecoin (DOGE)Despite this development, Dogecoin still appears to be the preferred choice among cryptocurrency enthusiasts based on this important on-chain metric.
The Shiba Inu Advantage Over Dogecoin
In an X (ex Twitter) sendKusama referenced the Web2 game Shiba Eternity, which will be fully integrated into the Shibarium network, to suggest why Shiba Inu has the edge. DogecoinKusama’s post was in response to a send from Jordan (CEO of MyDoge) where he revealed that the game would soon be available on Dogecoin Network.
Kusama responded by saying, “Laughter in the eternity of Shiba,” noting that game finance (GmeFi) is already an integral part of the Shiba Inu ecosystem, while Dogecoin is trying to catch up in this area. Shiba EternityThe play-to-earn (P2E) version of is ready to be launched on Shibarium Layer 2 Network quite early on, with Shiba Inu team members like Marketing Manager Lucie already providing insights into what to expect from the Web3 game.
In a post XLucie said that players will receive a welcome package as part of the incentives to encourage these Web2 players to migrate to the Web3 version. She also revealed that the welcome package will include in-game rewards such as XP boosters, card packs, and lots of Kibble. Shiboshi NFTs Collecting is set to become an integral part of the game, as the amount of kibble a player receives depends on how many Shiboshi they manage to unlock.
Meanwhile, those who own the original Shiboshis NFTs on the Ethereum blockchain will be able to benefit from exclusive in-game features, including participation in closed beta tests. While Lucie disclosedThe first closed beta test, which will come later, will feature the integration of Sheboshis NFTs. He added that this collection of NFTs will play a huge role in the next part of the game, the “Breeding” phase.
Dogecoin Enjoys More Network Activity Yet
Although the Shiba Inu boasts greater utility than the Dogecoindata from the market intelligence platform In the Block shows that the top meme coin still has more daily active addresses than Shiba Inu. These daily active addresses refer to addresses that have made one or more on-chain transactions on a given day.
In the last seven days, Shiba Inu Daily Active Addresses remained in the range of 3,000 and 4,000. On the other hand, Dogecoin Daily Active Addresses have fluctuated between 40,000 and 50,000.
However, it is worth mentioning that Shiba Inu has provided greater returns for its holders than Dogecoin since the beginning of the year. SHIB currently boasts a YTD gain of over 30%, while DOGE has a YTD gain of just over 10%. Interestingly, Kusama once affirmed that the Shiba Inu would lead this bull run, outperforming cryptocurrencies like Dogecoin and other meme coins.
Featured image created with Dall.E, chart from Tradingview.com
