- Shiba Inu is an Ethereum-based altcoin and a memecoin with a Japanese breed dog as a mascot.
- It is better than Dogecoin in many ways.
- It is taking part in a video game event in January 2024 with the help of a dog-assisted feature to break the speedrun record.
Shiba Inu is one of the famous memecoins that is highly supported by cryptocurrency supporters. It features a Japanese-breed dog as a mascot. The anonymous founder of this coin announced that the dog will take part in a video game event in January 2024 to break the speedrun record by competing with human players.
Shiba Inu
It is an Ethereum-based altcoin and also a memecoin. It is an alternative to Dogecoin and is also called ‘the Dogecoin killer.’ It was created by an anonymous group or individual called Ryoshi in August 2020. The supporters of Shiba Inu are known by the name of the SHIBArmy community. The price of this peaked on Oct. 29, 2021, by more than tenfold. It is an ERC-20 token that is based on the Ethereum blockchain. The project is completely decentralized.
The ecosystem of Shiba Inu consists of three tokens: Shiba Inu (SHIB), Bone (BONE), and Leash (LEASH). It also consists of ShibaSwap (the DeFi platform), Shiba Inu Incubator, and Shiboshis (NFTs). Cryptocurrency investing is risky because of the massive volatility and lack of regulation. In memecoin investing, one additional challenge comes from the lack of differentiation. Shiba Inu is better than Dogecoin based on three factors: its low per-token price, limited utility and use case, and high volatility. SHIB costs a fraction of a cent, even after its impressive gain.
Shiba-Inu-based NFTs are also available now that are Ethereum-based and will enable smart contracting capabilities in the future. It has limited utility and does not have a compelling use case yet. Its market capitalization is very high and larger than many other companies. It has achieved the founder’s goal and objective and created something from nothing. The gain may be driven by a social media-fueled speculative frenzy as cryptocurrency supporters are looking for the next big thing.
Breaking Of The Video Game Speedrun Record
AGDQ, a prominent video game, occurs when players attempt to beat games as quickly as possible. The nets event will occur in January 2024, when the ‘dog-assisted’ speedrun feature will be available on the game. The anonymous owner of Shiba Inu, named Peanut Butter, taught the dog to use the custom controller. This will be the first dog to complete an event via an online livestream. The dog is promoted by JSR through commands. The time of this dog-assisted speedrun will be compared to that of purely human players.
Conclusion
The result will be known in the January 2024 event whether Shiba Inu will be able to record the speedrun record of a video game or not. The dog-assisted feature will be available for this dog mascot to play via online stream and to compete with other human players. The purpose of these video game events is to raise some funds for charity in the process.
