Shiba Inu’s lead developer Shytoshi Kusama has revealed SHIB’s performance and potential with her latest statements. In her post on October 30, Kusama highlighted SHIB’s value against Bitcoin (BTC), while drawing an ambitious picture on the current status and future of this dog-themed meme coin.
Shytoshi Kusama commented on Bitcoin as “left behind”
Considering Bitcoin’s approximately 569,000% increase in the last 10 years, Kusama described SHIB as “one of the best performing assets” and stated that SHIB has achieved an incredible value increase of “33,774,726%”. Kusama’s statement once again revealed how far Shiba Inu has come in a short time, while also giving investors hope for SHIB’s future performance.
While this high rate of increase in value gained by Shiba Inu has attracted attention in the crypto market, some experts have different views on the sustainability of SHIB’s rapid rise against Bitcoin. Kusama’s statements make a significant difference, especially since BTC has a history of years, while SHIB has only a four-year history. Shiba Inu, which was launched in August 2020 and quickly gained a large community, gained a serious market share in its adventure that started as a memecoin.
Shiba Inu ecosystem is growing
Another issue that Kusama drew attention to was that there is still a lot of work to be done to develop the ecosystem and that innovations such as “Treat” will be offered to the SHIB community. This statement is seen as part of Shiba Inu’s long-term plans. While these words of Kusama increase the expectations of the community, they are interpreted as signals that Shiba Inu may experience a potential increase in value in the future.
Shytoshi Kusama’s comparisons not only with Bitcoin, but also with other popular crypto assets such as Dogecoin (DOGE), Solana (SOL), and Binance Coin (BNB) drew attention. Kusama pointed out that Shiba Inu has the potential to outshine these assets, and emphasized that competition in the memecoin ecosystem is particularly fierce. SHIB, which is currently showing an upward trend in the market, is considered to have a higher potential compared to other meme tokens.
SHIB on the rise
Market observers continue to debate whether Shiba Inu can outshine similar themed tokens such as Dogecoin with its recent performance. These ambitious statements made by Kusama have increased the interest in Shiba Inu. SHIB’s performance against other altcoins has begun to be monitored more closely following such statements. This rise in Shiba Inu has also strengthened investors’ expectations for the future. SHIB price has recently increased by 5%, reaching the $0.00001909 level where it is traded. SHIB, which fluctuates between $0.00001817 and $0.00001973 daily in 24 hours, also saw a 32% increase in trading volume. This situation shows that there is a significant revival in the meme token market with the interest of investors.
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