Shytoshi Kusama, the pseudonymous lead developer of Shiba Inu, responded to skepticism about SHIB’s potential to reach a $0.01 price target. The discourse unfolded on social media platform X, where Kusama engaged with critics and highlighted SHIB’s significant growth since its inception.

Nick Tomaino, founder and General Partner of crypto-focused fund 1confirmation—backed by notable investors like Peter Thiel and Mark Cuban—posted on October 29 a list of what he considers the “most impactful crypto projects to date.” His list included Bitcoin, Coinbase, Ethereum, MakerDAO, OpenSea, Polymarket, and Bridge, noting that “all have faced endless FUD and used it as fuel.”

Shiba Inu’s Lead Dev Demands Respect

Kusama took exception to the omission of Shiba Inu from this list, responding, “Again, the disrespect… smh #SHIB.” This reaction underscores a sentiment within the SHIB community that their project is often overlooked despite its achievements.

A 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 retorted, “I’m sorry… top 10 isn’t chump change ser. Those who are wise give us respect. ‘Crypto Twitter’ just hasn’t DYOR.”

Again, the disrespect… smh #SHIB

— Shytoshi Kusama™ (@ShytoshiKusama) October 30, 2024

Kusama’s emphasis on SHIB’s market position reflects its standing among the top cryptocurrencies by market capitalization. Despite being down almost 60% from the yearly high at $0.00004567 from March, SHIB has maintained a significant presence in the crypto market, ranking the 12th largest cryptocurrency by market cap.

In a similar exchange on October 30, Kusama Go to Source to See Full Article
Author: Jake Simmons