SHIB Potential to Price $0.01, What Does Shytoshi Kusama Say?

Bittime – SHIB's Potential to Hit $0.01, What Does Shytoshi Kusama Say? Shytoshi Kusama, the lead developer of Shiba Inu (SHIB) known by a pseudonym, gave a response to the doubts surrounding SHIB's ability to reach $0.01 in price.

The discussion took place on social media platform X (formerly Twitter), where Kusama engaged with critics and emphasized SHIB's significant growth since its launch.

Also read 1 SHIB to IDR Converter

Discussion on X about Shiba Inu (SHIB)

Nick Tomaino, founder of 1confirmation-a crypto-focused fund backed by notable investors such as Peter Thiel and Mark Cuban-posted on October 29 a list of crypto projects he considers to be the most influential.

This list includes Bitcoin, Coinbase, Ethereum, MakerDAO, OpenSea, Polymarket, and Bridge. He noted that these projects have faced “relentless FUD and used it like fuel.”

Shytoshi Kusama: SHIB Deserves an Award

Tomaino did not include Shiba Inu on the list, which sparked a reaction from Kusama.

In response to SHIB's absence, Kusama wrote, “Again no awards... #SHIB,” reflecting the sentiment of the SHIB community that the project is often overlooked despite its significant achievements.

Also read Shiba Inu Price Potentially Breakout, Here are the Factors!

One X user commented, “Until we go beyond $0.01, we won't be appreciated, will always be considered pocket change!” In response to this, Kusama replied, “Sorry... top 10 is not pocket change.

Those who are wise appreciate us. 'Crypto Twitter' just hasn't done DYOR (Do Your Own Research).”

Kusama's comments on SHIB's market position underscore its status as one of the top cryptos by market capitalization.

Despite SHIB's price dropping nearly 60% from this year's high of $0.00004567 in March, Shiba Inu still stands as one of the 12 largest cryptos.

SHIB's Performance in the Crypto Market: Significant Rise, But $0.01 Target Still elusive?

In another interaction on October 30, Kusama responded to a user who praised Bitcoin as “the best performing asset in the last decade,” pointing out that Bitcoin has seen a rise of up to 569,772%.

Welcoming this, Kusama highlighted SHIB's rise since its all-time low with a fantastic increase of 33,774,726.7%.

Kusama added that SHIB still has a long way to go to carve out the accolades it deserves. “Don't ignore Shib. Or ignore it, until you can't anymore.”

Comparison of Shiba Inu (SHIB) Dogecoin and Other Coins

In comparison, Kusama emphasized that Dogecoin is up “only” 202,583%, Solana by 35,715.8%, and Binance Coin (BNB) is up 1,521,482.8% since they were introduced.

This data confirms a remarkable return on investment for SHIB's early adopters, surpassing even some other major cryptocurrencies.

However, to reach a price of $0.01, SHIB would need to jump more than 440% from its current price.

Latest Shiba Inu (SHIB) Price

source: bitcoinist

At the time of writing, Shiba Inu is trading at $0.00001849.

Without a significant token burn or change in the total supply of SHIB, critics consider the $0.01 price target a major challenge.

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Reference:
https://bitcoinist.com/shiba-inu-shytoshi-kusama-0-01-price-target/