Shiba Inu's Lead Dev Demands Respect as Project Hits Top 10 Crypto Market Caps
- Barbara StreisandOriginal
- 2024-11-01 12:28:26693browse
Shytoshi Kusama, the pseudonymous lead developer of Shiba Inu, responded to skepticism about SHIB’s potential to reach a $0.01 price target.
Shiba Inu’s pseudonymous lead developer, Shytoshi Kusama, has engaged in discourse on social media platform X, highlighting the massive growth of SHIB since its inception and responding to skepticism about the token’s potential to reach a $0.01 price target.
The conversation began when Nick Tomaino, founder and General Partner of crypto-focused fund 1confirmation, posted a list of what he considers the “most impactful crypto projects to date.” Tomaino's list included Bitcoin, Coinbase, Ethereum, MakerDAO, OpenSea, Polymarket, and Bridge, all of which “faced endless FUD and used it as fuel.”
Reacting to the omission of Shiba Inu from Tomaino's list, Kusama posted, “Again, the disrespect… smh #SHIB.” This response reflects a sentiment within the SHIB community that their project is often overlooked despite its achievements.
One user on X commented on Kusama’s post: “Until we move above $0.01 nobody will respect us, will always be a chump change meme!”
Addressing this skepticism, Kusama fired back, “I’m sorry… top 10 isn’t chump change ser. Those who are wise give us respect. ‘Crypto Twitter’ just hasn’t DYOR.”
In another exchange on October 30, a user highlighted Bitcoin as “the best performing asset in the last decade,” showcasing its 569,772% gain over that period.
To this, Kusama pointed out SHIB's staggering growth since its all-time low, stating, “SHIB Current Lifetime to Date (from all-time low) 33,774,726.7%.”
He added, “We still have far to go and much work to be done to get the Ecosystem the respect it deserves and Treats out to the pack. So, don’t ignore Shib. Or do, until you can no longer.”
Further emphasizing SHIB’s massive performance relative to other major altcoins, Kusama noted that Dogecoin gained “only” 202,583.0%, Solana 35,715.8% and BNB 1,521,482.8% since their inception.
These figures highlight SHIB's exceptional return on investment for early adopters, surpassing even some of the most successful crypto assets. However, the SHIB price would need to experience an unprecedented surge of 440% to reach the $0.01 target. Critics argue that without significant token burns or changes to its supply, such a price point is mathematically challenging.
At press time, Shiba Inu traded at $0.00001849.
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