Shytoshi Kusama, the leader of the Shiba Inu coin, recently emphasized the potential for additional gains by highlighting how the SHIB price tops BTC’s gains.
Shytoshi Kusama, the leading developer of the Shiba Inu coin, garnered significant investor interest on Wednesday with his optimistic statements regarding SHIB.
The primary revelation of the leading developer was that the dog-themed meme coin outperforms Bitcoin (BTC), which sparked market discussions.
In light of Kusama’s optimistic statements, market observers are curious whether the meme coin could experience a 300% increase soon.
Shytoshi Kusama Highlights Shiba Inu Coin’s Lifetime Gains
Shytoshi Kusama praised SHIB over Bitcoin in a captivating turn of events on October 30. Although Bitcoin experienced nearly 569,000% growth among the “best-performing assets” in the past decade, Kusama adopted a contrary stance.
The current lifetime gains of the Shiba Inu coin have totaled 33,774,726%, as per the principal developer. This historic surge surpasses BTC’s, as the renowned dog-themed meme coin was introduced only four years ago in August 2020.
Additionally, the chief developer stated, “We have a significant amount of work to do and a long way to go before we can give the ecosystem the respect it deserves and distribute treats to the pack.” This statement has suggested that the meme token has the potential to advance further.
In a separate post on X, Kusama undermined the gains of other tokens, including DOGE, SOL, and BNB. As the token is experiencing bullish waves in the crypto market, this chronicle has garnered significant attention for Shiba Inu.
SHIB Price to Expects 300% Increase?
The meme coin exhibits bullish market dynamics, indicating investor optimism regarding future movements. At the time of publication, the price of SHIB had increased by nearly 5% intraday and was trading at $0.00001909.
The 24-hour low and high of the coin were $0.00001817 and $0.00001973, respectively. It is worth noting that the 24-hour trading volume of the token increased by 32% to $716.07 million.
Moreover, a recent media report from CoinGape revealed that Shiba Inu coin whale transactions experienced a phenomenal surge in a bullish meme coin market, which fueled further investor enthusiasm for the coin’s future.
Additionally, CoinGape Media’s price analysis of SHIB suggests that the coin is poised for a 300% increase shortly, as the recent price declines have been resolved. In conclusion, crypto’s future has been the subject of considerable market optimism in light of recent market events.
