Shibarium, Dogecoin and BEASTS Coin

The latest crypto news in the meme coin market is exciting for investors. Shiba Inu (SHIB) has arguably the most to cheer for as its Shibarium’s mainnet launch is merely a month away. What does this mean for the dominance of its rival Dogecoin (DOGE)? Will it stay on top? In other news, we’ll be looking at BEASTS Coin (BEASTS) as it ramps up the excitement with its referral program.

The Shibarium is Close!

Shytoshi Kusama, the developer, mentioned in a blog post in the middle of July that Shibarium, the highly anticipated layer 2 blockchain, is anticipated to become operational after a conference in Toronto in August.

Layer 2 refers to a collection of off-chain systems (separate blockchains) constructed on layer 1 protocols to alleviate scalability and data issues. These systems bundle numerous off-chain transactions into a single layer 1 transaction, reducing data load and fees.

Kusama stated, “During the conference, we will showcase the completed Worldpaper, release all Shib branded projects, and provide detailed information about Treat for the first time. Additionally, it is highly likely that we will discuss and release the long-awaited L2 Shibarium.”

At the same time, developers will introduce DoggyDAO, a decentralised autonomous organisation (DAO) governed by token holders, to fund projects developed on Shibarium.

The Shibarium testnet, a testing blockchain, has experienced significant activity in recent months, with an estimated 16 million wallets conducting 20 million transactions as of June. This active usage on the Shibarium testnet indicates a demand for the network.

Developers have previously emphasised that Shibarium will prioritise metaverse and gaming applications, particularly as the non-fungible token (NFT) sector is expected to grow in the upcoming years.

The launch of Shibarium could strengthen the foundations of shiba inu (SHIB), which emerged as a Shiba Inu-themed meme coin during the previous bull market and has since aimed to establish itself as a serious project with its own blockchain network and decentralised app ecosystem.

Meanwhile, tokens within the Shiba Inu ecosystem displayed mixed movement over the past 24 hours at the time of writing.

Is Dogecoin still the Top Dog in Crypto?

Before meme coins became a popular trend, Dogecoin (DOGE) led the way as the pioneer of this unique combination of comedy and cryptocurrency. DOGE was created in 2013 as a playful alternative to Bitcoin (BTC) and quickly gained traction due to its entertaining nature and active community. The coin has a dedicated following that actively participates in charitable initiatives and online memes, fostering a lively environment around it.

But with the continuing emergence of new meme coins, DOGE finds itself threatened. Does it still hold the same pull? What will happen once Shiba Inu’s Shibarium upgrade goes live in August? A recent appeal for DOGE lay in its staunch advocate Elon Musk owning Twitter, but with that increasingly looking like an expensive mistake, with very few impressed by how Musk has run Twitter, it appears as though Dogecoin is a marathon runner with spent legs and an incomplete race.

Right now, Dogecoin remains on top but its hold over the meme coin market is less impervious than before.

BEASTS Coin could be the Next Big Crypto

The ecosystem of BEASTS Coin provides an opportunity for users to generate unique referral codes, giving them the ability to receive an immediate 20% share of the deposited amount (in ETH, BNB, or USDT) directly into their wallet whenever someone makes a purchase using their code.

This innovative presale strategy aims to foster a sense of community and collaboration, as each investment made in the presale benefits others. Additionally, investors who utilise another user’s referral code will receive an additional 20% of BEASTS tokens. This creates a mutually advantageous system where both participants in the referral program come out as winners.

Now, let’s consider the potential impact of participating in this program. Imagine you hold BEASTS tokens and successfully persuade five individuals to join by using your code. In this scenario, you could earn $100 in either ETH, BNB, or USDT. These enticing rewards are easily achievable, requiring only minimal effort to enjoy the benefits.

BEASTS Coin :

Website: https://cagedbeasts.com

Twitter: https://twitter.com/CAGED_BEASTS

Telegram: https://t.me/CAGEDBEASTS

Sponsored

WARNING: The investment in crypto assets is not regulated, it may not be suitable for retail investors and the total amount invested could be lost

AVISO IMPORTANTE: La inversión en criptoactivos no está regulada, puede no ser adecuada para inversores minoristas y perderse la totalidad del importe invertido