Many early crypto traders find it incredible that in 2023, meme-based crypto assets like Dogecoin (DOGE) and Shiba Inu (SHIB) are still rather popular. After all, one would assume more practical, innovative crypto tokens would eventually push these types of assets to the side. Do...
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Shiba Inu (SHIB)
Shiba Inu (SHIB) is a decentralized cryptocurrency created by an anonymous group known as “Ryoshi” in August 2020. Over the past three years, the meme coin has grown from strength-to-strength and is still extremely popular with investors.
However, the layer-2 scaling solution for Shiba Inu (SHIB), Shibarium, is currently undergoing testing by a Shiba Inu-based (SHIB) NFT project developer. The Shiba Inu (SHIB) developer has so far created over 12 million wallets, 3 million transactions, and 1,620 tokens on the Shibarium beta testnet, Puppynet. However, he has also encountered some major issues with the Shiba Inu (SHIB) Puppynet blockchain explorer.
The developer has shared his findings and feedback with the Shibarium team, but he is still unclear about the current development progress of Shibarium. He said that there is much work that needs to be done before Shibarium can be ready for launch. Could this have a negative effect on the price of Shiba Inu (SHIB)? We’ll have to wait and see.
Dogecoin (DOGE)
Every year, the Dogecoin (DOGE) community anticipates a price surge on April 20. The event, dubbed “Doge Day”, is an attempt by fans of Dogecoin (DOGE) to push its value to $1 or higher.
Dogecoin (DOGE), which started as a joke in 2013, has gained popularity thanks to endorsements from celebrities like Elon Musk, Snoop Dogg, and Mark Cuban. The coin, which features the image of a Shiba Inu dog as its logo, has also benefited from the rise of online platforms like Reddit and TikTok, where Dogecoin (DOGE) users create and share viral content.
The Dogecoin (DOGE) community is optimistic and enthusiastic about the potential of “Doge Day”. On social media, users are using hashtags like #DogeDay and #Doge420 to spread the word and encourage others to buy and hold the coin. Some Dogecoin (DOGE) supporters have also created posters, stickers, and merchandise to promote the event.
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