Shiba Inu goes Hollywood and Shibarium can run it

• CNBC has waded into the Dogecoin and Shiba Inu supremacy debate.
• With Shiba Inu now being noticed in Hollywood, surpassing DOGE may be a matter of time.

The fight for supremacy between the two most prominent memecoins including Dogecoin (DOGE) and Shiba Inu (SHIB) is shaping up to be a very important one that is now being identified by the mainstream media. In a recent move that can delight members of the Shib Army, top media outlet CNBC waded into the debate and gave a verdict noting that SHIB has the potential to outpace Dogecoin, but for the long term.

Dogecoin is one of the very first digital currencies in the industry and by far the biggest memecoin by market capitalization. Atop the current gloomy market outlook, Dogecoin is changing hands at a price of $0.08411 at a market cap of $11.69 billion. Shiba Inu on the other hand is trading at a price of $0.00001063 and its market capitalization is worth just about $6.29 billion.

While the fundamentals that guided both digital currencies are to serve as a fun token for the crypto and Web 3.0 ecosystem, their inherent use cases are now gradually expanding. Both memecoins are now featured as a means of payment by different merchants across the world, and as such, lending credence to their individual legitimacies.

Shiba Inu: Utility and associated traction 

As a memecoin, there is no doubt that Shiba Inu is outpacing Dogecoin as far as its reach is concerned. The younger token has spawned its web off the regular tag of just being a payment token and it has launched two crucial innovations that are only found or associated with ambitious crypto projects.

These include its metaverse initiative dubbed Shib The Metaverse and Shibarium, its Layer-2 blockchain protocol built on the Ethereum blockchain. Both innovations are notably progressing at different momentum and according to Marcie Jastrow, the Shiba Inu Metaverse advisor, Shib The Metaverse has been catching the attention of top personalities in Hollywood.

According to Jastrow who was featured in the recently concluded National Association of Broadcasters (NAB) which was held in Las Vegas from April 15 to 19, the interest of Hollywood veterans as it concerns the metaverse project is growing and she highlighted how Shibarium can help bring this to pass.

With Shibarium, Shiba Inu is now considered one of the prominent protocols in the industry that are helping to drive the infrastructure of the emerging Web 3.0 world forward. 

Shibarium will bring additional DApps and the encompassing utility will help re-value SHIB as a digital asset which will be burnt off based on the transactions that are carried out on the Shibarium protocol.

Elon Musk’s influence factor

The validation of the potential of SHIB to outpace DOGE has what might be considered a threat, the influence of Elon Musk. While DOGE remains the favorite of the Billionaire, SHIB also benefits immensely from the hype and promotions from the tech and social media mogul.

While both digital currencies are expected to explode in price in the near future, we can expect the SHIB market capitalization to outrank that of DOGE.

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