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Home»ALTCOIN NEWS»SHIB CEO Praises Dogecoin Game Updates Ahead of P2E Launch
ALTCOIN NEWS

SHIB CEO Praises Dogecoin Game Updates Ahead of P2E Launch

By Crypto FlexsAugust 14, 20243 Mins Read
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SHIB CEO Praises Dogecoin Game Updates Ahead of P2E Launch
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  • SHIB’s Lead Developer Criticizes Dogecoin’s Gaming Business
  • The SHIB vs DOGE fight has escalated to a Shiba-related post on Binance’s X.
  • Both top coins have posted double-digit gains since hitting their bear market bottoms.

Dogecoin (DOGE) and Shiba Inu (SHIB) are gearing up to make their blockchain gaming debut. When Jordan, CEO of MyDoge Wallet, teased the upcoming Dogecoin RPG game, SHIB didn’t miss a single 4-second snapshot.

SHIB vs DOGE match is gaining attention

Shibarium’s lead developer Shytoshi Kusama slammed Jordan with the caption, “**laughing at Shiba Eternity**.” As the popular Shiba Inu card game makes its way from mobile devices to Web3, Shiba Eternity is offering players a welcome pack to get them started on the fight. Dogjo.

Other SHIB Army members responded with digital cards. SHIB enthusiast Bonoshi pulled out the ‘LOL’ spell card, while SHIB Mehta unleashed the ‘Hedge of Protection’ move. The new version of Shiba Eternity marks a significant shift from a simple in-game trading card to a live, on-chain asset owned by players.

The Shiba Inu Games team recently launched Shibatopia Arena, which includes online tournaments with real cash or cryptocurrency prizes. The blockchain version of Shiba Eternity is based on an immersive ranking system that goes from White Belt to Grand Master.

Added slide “Guardians of the Cryptocurrency Universe”

After the Play-to-Earn (P2E) showdown between Shiba Inu and Dogecoin, Binance caught the attention of both armies in a post on X over the weekend. “Guardian of the Cryptocurrency World” Binance’s post sparked an interesting competition between SHIB supporters and DOGE holders, who posted the hashtag and memes.

A post from the world’s largest cryptocurrency exchange hints at a Battle of the Meme Dogs competition that will begin on July 16, 2024. Cryptocurrency enthusiasts on Binance will be able to choose their teams and compete against each other for a $100,000 prize pool in token vouchers.

Despite the successful SHIB vs DOGE trade on Binance, both cryptocurrencies have bounced back modestly since hitting their three-month lows on August 5, 2024. A week after Bitcoin (BTC) briefly fell below $50,000, DOGE recovered 27.3% to remain above $0.10.

For SHIB, the 25.2% weekly rally has restored investor confidence, pushing SHIB back above $0.000014. The on-chain signals for the Shiba Inu coin, which bounced from its quarterly low of $0.00001112 on Aug 5, 2024, are still mixed. While the Relative Strength Index (RSI) remains below 50 on the daily chart, SHIB’s Chaikin Money Flow (CMF) remains below 0, suggesting that there will be a massive selloff in the market.

On the other side

  • The P2E version of Shiba Eternity has not yet been released on Shibarium, but mobile players can already receive their welcome gift in the Web2 version.
  • Dogecoin’s RPG game has no release date or development progress despite inquiries from DOGE holders on X.

Why this matters

Blockchain games allow players to own virtual gaming equipment as digital assets, potentially generating additional revenue from their gaming experiences.

Check out DailyCoin’s popular cryptocurrency stories:
Cryptocurrency Price Volatility Increases Following Major News: ETH Takes the Biggest Hit
“Ripple and the SEC Meeting”: What’s Really Happening

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