Shytoshi Kusama, the mysterious lead developer of the Shiba Inu team, recently addressed some concerns raised by critics regarding SHIB’s potential to reach a target value of $0.01.
In response to a tweet by Nick Tomaino, founder of the 1confirmation investment firm, listing impactful crypto projects, Kusama expressed his frustration with what he perceived as disrespect towards SHIB. Tomaino’s tweet highlighted various crypto projects, including Bitcoin, Ethereum, and Maker DAO, but Kusama defended SHIB’s performance, stating that it has already outperformed Bitcoin by 66 times.
Moreover, Kusama pointed out that since September 2020, Shiba Inu has shown significant growth, surpassing other popular coins like DOGE, SOL, and BNB by a large margin. Despite facing criticism from some members of the community who believe that SHIB needs to exceed $0.01 to be taken seriously, Kusama emphasized that being in the top 10 is a significant achievement and should be respected.
While Shiba Inu recently dropped out of the top 10 crypto list after a minor decline, Kusama remains confident in the project’s potential and encouraged critics to conduct their own research (DYOR) before making judgments. This response indicates Kusama’s belief in SHIB’s long-term viability and its ability to compete with other established cryptocurrencies in the market.
Overall, Kusama’s interactions with critics and enthusiasts highlight the ongoing debate surrounding SHIB’s value and future prospects. Despite facing challenges and doubts from some quarters, the Shiba Inu team remains committed to proving the project’s worth and establishing itself as a serious player in the crypto space. As the market continues to evolve, only time will tell whether SHIB can achieve its ambitious goals and solidify its position among the top digital assets.