thecryptobasic.com
Shiba Inu lead developer, Shytoshi Kusama, believes the time has come for the project to showcase its true power.
Shytoshi Kusama, the pseudonymous developer leading the Shiba Inu ecosystem, has expressed optimism about the project’s future prospects. Recall that the price of Shiba Inu has been on a run in the past week, gaining 175% in value and breaking a 22-month high.
However, Shytoshi Kusama believes things are just getting started. In a recent post on X, he reckoned that the time has come for Shiba Inu to show its true power. He also reminded SHIB enthusiasts that the project has achieved its recent massive gains with “very little budget and no marketing.”
Alright, that's enough Twitter/X today. I have a full day of meetings with some new frens we've recently made.
Don't forget, we've done this thus far with very little budget, and almost no marketing. It's time we level up and showcase our true power. #SHIB #SHIBARMY pic.twitter.com/OKGkBcuNjk
— Shytoshi Kusama™ (@ShytoshiKusama) March 4, 2024
With an accompanying “level up” gif, the disclosure could serve as a hint that the project might be pushing toward a full swing into marketing and attracting newcomers to the ecosystem.
Shytoshi Kusama spoke about having a “full day of meeting” with new friends that Shiba Inu had made, indicating that the project will look to upscale partnerships as part of efforts to drive further value to investors.
Shiba Inu Levels Up Against Other Cryptocurrencies
In connection with leveling up, it is worth mentioning that Shiba Inu has surpassed many other cryptocurrencies over the past week. A few notable names include Chainlink (LINK), Polygon (MATIC), and Tron (TRX).
Shiba Inu also briefly broke into the top ten assets by market capitalization, having surpassed 10th placed Avalanche (AVAX). For Shiba Inu enthusiasts, the ultimate goal in the long term would be to overthrow the leading memecoin incumbent, Dogecoin.
Ranked 8th place, Dogecoin has a market cap of $24.3 billion. Shiba Inu, on the other hand, is valued at $16 billion and has a significant catching up to do if it will ever become the top-ranked memecoin in the crypto market.
In the meantime, more than 55% of Shiba Inu investors are in profit at current prices. With most of these investors yet to sell, there is an indication they are in for a long haul, having held Shiba Inu through some of its worst periods in the bear market.