Memecoins Take Over: DOGE and SHIB in Competition

  • The crypto community is once again aflutter on Twitter.
  • David Lark explains how memecoins could see a massive surge soon.
  • Dogecoin (DOGE) and Shiba Inu (SHIB) will likely surge more than others.

Long time popular trader and investor of Bitcoin (BTC) and cryptocurrencies — Lark Davis, created a buzz on Twitter today. In particular, TheCryptoLark draws attention to highly explosive news pertaining to memecoins. 

Specifically, he draws attention to Dogecoin (DOGE) and Shiba Inu (SHIB). The popular Twitter personality highlights two major events for both the dog-inspired cryptos that could have major catalysts at the moment. 

In detail, Davis says that Dogecoin (DOGE) is anticipating the launch of the Dogechain. In addition, he says that this step will involve the requirement of wrapped DOGE for trading. Dogecoin holders everywhere are certainly keeping their calendars set. 

Meanwhile, Shiba Inu is awaiting the much-anticipated launch of their layer two network – Shibarium. The announcement of the launch was teased in June 2022. Now, as we have finally entered the heart of Q3 2022, the arrival of Shibarium is imminent. 

SHIB has been making headlines since its inception. Besides Shibarium, the brand has various other exciting projects in the works. This includes ShibaSwap, Shibnobi, SHIB: The Metaverse, as well as the Shiba Inu game. 

Besides that, Shiba Inu also made some very serious moves such as welcoming the renowned David Kern onto the SHIB metaverse team. In fact, the project has made so much progress since its initial arrival as a memecoin that it is no longer classified as a memecoin.No doubt, the competition between Dogecoin (DOGE) and Shiba Inu (SHIB) is a strong one. So much so that just today, Shiba Inu (SHIB) beat Dogecoin (DOGE) in Twitter followers. Perhaps we will see more competition soon, maybe from Baby Doge or even a new memecoin that is yet to arrive.  

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A focused and vigilant storyteller for all things blockchain and cryptocurrency. Besides consuming every piece of literature about the metaverse, she can often be found at industry convections looking for the latest scoop.