Shiba Inu’s lead developer, Shytoshi Kusama, recently stirred the crypto community with statements spotlighting SHIB’s performance and potential. On October 30, Kusama highlighted SHIB’s impressive gains against Bitcoin (BTC), painting an ambitious picture of this popular meme coin’s trajectory.
Shytoshi Kusama: “Bitcoin is Falling Behind”
Referring to Bitcoin’s staggering ~569,000% growth over the past decade, Kusama noted that SHIB has achieved even more astounding gains, having risen by “33,774,726%” since its launch. By labeling SHIB one of the “top-performing assets,” Kusama underscored its massive price surge and solid position among meme coins in the crypto space.
Shiba Inu Ecosystem Expands
Kusama also hinted at future ecosystem developments, mentioning innovations like “Treat” as part of SHIB’s long-term plan. This focus on growth has further heightened community expectations around SHIB’s potential for value appreciation. Kusama’s statements suggest that SHIB is strategically positioning itself within the growing meme coin ecosystem, with ambitions beyond simply being a humorous token.
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Notably, Kusama didn’t just compare SHIB to Bitcoin; he also cited Dogecoin (DOGE), Solana (SOL), and Binance Coin (BNB) as assets SHIB could potentially outshine. With competition intensifying among meme coins, Kusama sees Shiba Inu as well-placed to lead this race.
SHIB Gains Market Momentum
Crypto market observers are keenly watching to see if Shiba Inu can surpass Dogecoin and similar tokens, especially following Kusama’s assertive claims. SHIB has recently shown a 5% price increase alongside Bitcoin’s rise, trading at $0.00001909, with a 24-hour range between $0.00001817 and $0.00001973. Additionally, SHIB’s trading volume has surged by 32%, reflecting significant investor interest and renewed activity in the meme token space.
As The Bit Journal has covered, Kusama’s statements have drawn considerable attention to SHIB, further fueling investor enthusiasm and anticipation for SHIB’s potential upward movement in the coming months.
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