Shiba Inu Lead Developer, Shytoshi Kusamahas highlighted a feature that gives Shiba Inu an edge over the top meme coin, Dogecoin (DOGE)Despite this development, Dogecoin still appears to be the preferred choice among cryptocurrency enthusiasts based on this important on-chain metric.
The advantage of Shiba Inu over Dogecoin
In an x (formerly twitter) x.com/ShytoshiKusama/status/1821972966827290655″ rel=”nofollow” target=”_blank”>mailKusama alluded to the Web2 game Shiba Eternity, which will be fully integrated into the Shibarium network, to suggest why Shiba Inu is ahead of DogecoinKusama's post was in response to a x.com/MyDogeCEO/status/1821628145100878052″ rel=”nofollow” target=”_blank”>mail by Jordan (MyDogeCEO) in which he revealed that the games will soon be available on the Dogecoin Network.
Kusama responded by saying, “Laughter at Shiba Eternity,” highlighting how gaming 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 scheduled to be released in Shibarium layer 2 network Coming soon with Shiba Inu team members like Marketing Director Lucie is already offering insights into what to expect from the Web3 game.
In a x.com/LucieSHIB/status/1821253303629705583″ rel=”nofollow” target=”_blank”>Publication xLucie mentioned that players would receive a welcome package as part of the incentives to encourage these Web2 players to migrate to the Web3 version. She further revealed that the welcome package will include in-game rewards such as XP boosters, card packs, and a large amount of Kibble. Shiboshi nft Collection will become an integral part of the game, as the amount of Kibble a player receives depends on how many Shiboshis they unlock.
Meanwhile, those who own the original Shiboshis nfts on the ethereum blockchain will be eligible for exclusive in-game features, including participation in closed beta tests. As Lucie x.com/LucieSHIB/status/1821462369513427425″ rel=”nofollow” target=”_blank”>revealedThe first closed beta test, which will be held later, will feature the integration of Sheboshis nfts. He added that this collection of nfts will play an important role in the next part of the game, the “Breeding” stage.
Dogecoin continues to enjoy increased network activity
Although the Shiba Inu has greater utility than DogecoinMarket Intelligence Platform Data In the block shows that the leading 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 have remained in the range of 3,000 and 4,000. On the other hand, Dogecoin Daily Active Addresses They have ranged between 40,000 and 50,000.
![Dogecoin Shiba Inu 2](https://technicalterrence.com/wp-content/uploads/2024/08/1723500880_902_Dogecoin-vs-Shiba-Inu-A-Core-Developer-Reveals-Why-SHIB.png)
However, it is worth mentioning that Shiba Inu has provided higher returns to its holders than Dogecoin since the beginning of the year. SHIB currently boasts a year-to-date gain of over 30%, while DOGE has a YTD gain of just over 10%. Interestingly, Kusama once He stated that Shiba Inu would lead this uptrend, outperforming Dogecoin and other meme coins.
Featured image created with Dall.E, chart from Tradingview.com