• Shiba Inu (SHIB) is the world’s second largest meme coin and currently holds the 15th spot in market cap rankings with a value of $6.03 billion.
• The developers behind SHIB are working on Metaverse, a Layer-2 scalability platform named Shibarium, which could help propel SHIB into top ten crypto list and overtake Dogecoin as the leading meme coin.
• Lead developer Shytoshi Kusama has confirmed that the Shibarium beta release will happen this week but investors should wait until mainnet launch before investing.
Overview of Shiba Inu
Shiba Inu (SHIB) is one of the most popular meme coins in the crypto space today and is ranked 15th by market capitalization with a value of $6.03 billion. With its increasing popularity, SHIB could potentially overtake Dogecoin to become the world’s leading meme coin and enter into top ten crypto list.
The developers behind SHIB are currently working on a Metaverse project which could provide great upliftment to the entire ecosystem by offering faster transaction speeds, reduced gas costs, and more potential for blockchain applications such as DEXs, games, etc.
Shibarium Beta Release
Lead developer Shytoshi Kusama has confirmed that Shibarium Beta release will happen this week but he has asked investors to refrain from investing in this project until mainnet launch happens. He believes that tokens available at beta stage are only meant for testing purposes so they should be avoided until further notice.
Dogecoin vs Shiba Inu
At present, Dogecoin (DOGE) still precedes Shiba Inu (SHIB) as the world’s largest meme coin while holding a spot in the top ten crypto list with a market cap of $9.7 billion compared to SHIB’s $6.03 billion market cap at 15th position. However, if all goes according to plan with Shibarium launch then it would give an opportunity for SHIB to surpass DOGE and take over its position in top 10 ranking list eventually becoming leading meme coin across crypto sphere..
With strong developments underway within the Shiba Inu ecosystem such as Metaverse project & upcoming Layer- 2 scalability platform – Shibarium– there are high chances that SHIb might soon overtake Dogecoin by entering into top 10 cryptos by market capitalization eventually becoming leading meme coin around crypto space .