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Shytoshi Kusama, the pseudonymous lead developer of Shiba Inu, responded to skepticism about SHIB’s potential to achieve a $0.01 value goal. The discourse unfolded on social media platform X, the place Kusama engaged with critics and highlighted SHIB’s important progress since its inception.
Nick Tomaino, founder and Common Accomplice of crypto-focused fund 1confirmation—backed by notable traders like Peter Thiel and Mark Cuban—posted on October 29 a listing of what he considers the “most impactful crypto initiatives to this point.” His listing included Bitcoin, Coinbase, Ethereum, MakerDAO, OpenSea, Polymarket, and Bridge, noting that “all have confronted limitless FUD and used it as gas.”
Shiba Inu’s Lead Dev Calls for Respect
Kusama took exception to the omission of Shiba Inu from this listing, responding, “Once more, the disrespect… smh #SHIB.” This response underscores a sentiment throughout the SHIB neighborhood that their mission is commonly ignored regardless of its achievements.
A consumer on X commented on Kusama’s submit: “Till we transfer above $0.01 no person will respect us, will at all times be a chump change meme!” Addressing this skepticism, Kusama retorted, “I’m sorry… high 10 isn’t chump change ser. Those that are smart give us respect. ‘Crypto Twitter’ simply hasn’t DYOR.”
Once more, the disrespect… smh #SHIB
— Shytoshi Kusama™ (@ShytoshiKusama) October 30, 2024
Kusama’s emphasis on SHIB’s market place displays its standing among the many high cryptocurrencies by market capitalization. Regardless of being down virtually 60% from the yearly excessive at $0.00004567 from March, SHIB has maintained a major presence within the crypto market, rating the twelfth largest cryptocurrency by market cap.
In an identical alternate on October 30, Kusama responded to a submit by consumer @Vivek4real_, who highlighted Bitcoin as “the best-performing asset within the final decade,” showcasing its 569,772% achieve over that interval. Kusama identified SHIB’s staggering progress since its all-time low, stating, “SHIB Present Lifetime to Date (from all-time low) 33,774,726.7%.”
He added, “We nonetheless have far to go and far work to be performed to get the Ecosystem the respect it deserves and Treats out to the pack. So, don’t ignore Shib. Or do, till you possibly can not.”
$SHIB Present Lifetime to Date (from all time low) 33,774,726.7%.
However once more, I digress. We nonetheless have far to go and far work to be performed to get the Ecosystem the respect it deserves and Treats out to the pack. So, don’t ignore Shib. Or do, till you possibly can not. https://t.co/ZGyJotYpf2
— Shytoshi Kusama™ (@ShytoshiKusama) October 30, 2024
Additional emphasizing SHIB’s large efficiency relative to different main altcoins, Kusama famous that Dogecoin gained “solely” +202,583.0%, Solana +35,715.8% and BNB 1,521,482.8% since their inception.
These figures spotlight SHIB’s distinctive return on funding for early adopters, surpassing even a few of the most profitable crypto property. Nonetheless, the SHIB value would wish to expertise an unprecedented surge of 440% to achieve the $0.01 goal. Critics argue that with out important token burns or adjustments to its provide, such a value level is mathematically difficult.
At press time, Shiba Inu traded at $0.00001849.
Featured picture created with DALL.E, chart from TradingView.com
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