Shiba Inu Lead Developer Slams Skeptics for Undermining SHIB’s Achievement
Key takeaways
- The lead developer of Shiba Inu, Shytoshi Kusama, has slammed a skeptical media outlet for undermining SHIB’s performance.
- The crypto-based media, Corleone Alpha News, shared an analysis of the memecoin market, stating that Shiba Inu does not deliver.
- SHIB rallies with the broader crypto market as it unveils innovative additions to its ecosystem.
In a recent X post, the lead developer of Shiba Inu, Shytoshi Kusama, slammed a crypto-focused media outlet, Corleone Alpha News, for its skeptical post about SHIB.
The X-tweet trend started with Corleone’s analysis of the memecoin market and its opinion regarding prominent meme tokens.
Corleone stated that Dogecoin (DOGE) feels old, while Bonk (BONK) is outdated. Further, the media mentioned that Pepe’s (PEPE) price is on the high side while Floki (FLOKI) has no excitement associated with it.
On the other hand, Corleone stated that SHIB has failed to deliver. In response, Shiba Inu lead developer Kusama expressed dissatisfaction over the post, saying: “Your content strategist should be fired.”
Besides the lead developer, other enthusiastic SHIB community members reacted to Corleone’s post. An X user, @TheDarkShib, stated that the media outlet failed to evaluate the details of developments and progress within the Shiba Inu ecosystem. He proceeded to list a few of such innovations.
The user highlighted Shibarium, the layer-2 solution that offers very low gas and faster transaction executions. Other listed developments include Shibaswap 2.0, Ship Torch, Shib Games, Financial Layer via a partnership with Mass, L3 layer, an upcoming privacy layer, and more.
Similarly, on November 10, Kusama highlighted Shiba Inu’s progressive growth and plans for the ecosystem. Moreover, the lead developer tackled the doubts regarding SHIB’s latest market rallies.
According to Kusama, SHIB’s recent price surge is fueled by its foundational progress, innovative technology, and dedicated community.
Kusama acknowledged that SHIB’s recent surge alongside other big crypto assets like Bitcoin and Ethereum has baffled many within the industry. So, he believes that SHIB has stepped into its period of explosive growth.
The lead developer stated: “It’s time we showcase the power, technologies, and innovative thinking that led us through the bear market.”
Further, Kusama revealed an upcoming podcast where he will discuss the meteoric growth of the Shiba Inu ecosystem in detail.
SHIB Rallies With The Broader Crypto Market
Shiba Inu has reflected a significant price movement within the past few days. SHIB followed the upward trend in the broader crypto market as crypto reacted to Trump’s victory in the US presidential election.
According to data from Coinmarketcap, SHIB’s price has increased by 50% over the past 7 days. Also, its one-year data showed that SHIB is up by more than 202%, crossing the $0.000030 threshold on November 12.
SHIB trades at $0.00002577, indicating a 0.44% increase. It boasts a market cap of over $15.19 billion and a daily trade volume of $3.18 billion.
Add Techreport to Your Google News Feed
Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now!
Subscribe now
View all articles by Rida Fatima
The Tech Report editorial policy is centered on providing helpful, accurate content that offers real value to our readers. We only work with experienced writers who have specific knowledge in the topics they cover, including latest developments in technology, online privacy, cryptocurrencies, software, and more. Our editorial policy ensures that each topic is researched and curated by our in-house editors. We maintain rigorous journalistic standards, and every article is 100% written by real authors.
