Altcoins
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Analysts at blockchain company IntoTheBlock noted that most holders of the meme-cryptocurrency Dogecoin (DOGE) are making a profit, while holders of rival Shiba Inu (SHIB) are faring much worse.
According to researchers, 56% of DOGE holders make a profit on their investments, 34% suffer losses, 10% have reached the break-even point.
At the same time, only 29% of SHIB holders have a “profit” status, and 67% have suffered financial losses.
Shiba Inu’s long-awaited Tier 2 scaling solution, Shibarium, is in beta this month in the Shiba Inu ecosystem. The layer 2 protocol is built on top of the Ethereum smart contract platform.
Once the beta is completed, the Bone ShibaSwap (BONE) token will act as the governance token of the new ecosystem, and the digital asset will be used to pay gas fees.
Shiba lead developer Inu Kusama has warned that the coins in the Shibarium beta are fake and users should not spend their SHIB trying to accumulate them.
All tokens on Puppynet are NOT REAL. Don’t waste your hard-earned SHIB on these tokens, no matter how hard the barkers try.
The project, which was announced back in May 2021, will allow developers to create low-cost and scalable applications. The beta testing phase should take about two months, and possibly until July.
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