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Shiba Inu's lead, known as Shytoshi Kusama, has sparked discussions across social media platform X with recent commentary regarding the project's position in relation to Dogecoin. Kusama's assertion, labeling Shiba Inu as the "Dogecoin Killer," hints at the project's aspirations to challenge Dogecoin's prominence within the meme coin sector.
Gamza KhanzadaevDuring a period of substantial growth in Shiba Inu's price, Kusama took to social media to convey the project's progress and future prospects. Notably, Shiba Inu's SHIB token witnessed a remarkable 132% increase in value over the previous week, followed by an additional 18% rise at the start of the new week.
This surge has propelled SHIB to trade at $0.0000267 per token, its highest valuation since April 2022, with a market capitalization of $15.7 billion. In contrast, Dogecoin's market capitalization currently stands at $23.45 billion.
SHIB vs. DOGE
Despite significant growth and increasing market capitalization of SHIB, Kusama emphasized Shiba Inu's modest beginnings, highlighting the project's accomplishments with minimal budget and marketing efforts. However, Kusama hinted at a strategic shift, indicating that it is time for Shiba Inu to showcase its full potential.
In a playful yet strategic manner, Kusama teased DOGE enthusiasts, suggesting Shiba Inu's intention to challenge Dogecoin's market dominance. Referring to Shiba Inu's community as the "Shibarmy," Kusama hinted at plans to fortify Shiba Inu's position on the market and strategically maneuver toward overtaking Dogecoin's market cap.
Arman ShirinyanKusama's remarks have sparked curiosity within the cryptocurrency community, with investors and observers closely monitoring Shiba Inu's trajectory in the competitive crypto landscape.
Alex Dovbnya
Tomiwabold Olajide
Dan Burgin
U.Today Editorial Team
Vladislav Sopov