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HomeCryptocurrencyShiba Inu Lead Dev Calls $TRUMP Beating SHIB Temporary and This Happened

Shiba Inu Lead Dev Calls $TRUMP Beating SHIB Temporary and This Happened

The cryptocurrency market witnessed an unexpected shift as $TRUMP, a token associated with the U.S. President-elect Donald Trump, surpassed Shiba Inu (SHIB) by market capitalization.

At some point on the eve of the inauguration, TRUMP held the 15th position, boasting a market cap of $13.83 billion, compared to SHIB’s $12.79 billion, which sat at 17th.

A crypto enthusiast pointed this out on X, celebrating the notable milestone. $TRUMP launched on January 18, and in less than 48 hours, it has become one of the most prominent digital assets in the crypto market. At press time, it is also ranked fourth by trading volume, behind Ethereum, Bitcoin, and USDT.

Trump has been a vocal supporter of cryptocurrencies and even accepted crypto donations during his campaign. With his cryptocurrency dominating the market, crypto investors were confident that his administration would favor the market.

Shytoshi Kusama Says This Achievement Is Temporary

Shytoshi Kusama, the lead developer of Shiba Inu, acknowledged this milestone, congratulating the president-elect. SHIB has been a long-standing favorite among meme coin investors, earning its reputation as the “Dogecoin killer.”

However, Kusama described this notable achievement as “temporary.” In his response, the developer said, “Wow, indeed. Congrats to the President of the United States for this temporary achievement.” His remark could suggest two possible scenarios.

The first is optimism for SHIB. Kusama and Shiba Inu’s developers are always working hard to improve the digital asset, and they might have a few secret projects that could help SHIB rise again and flip $TRUMP.

However, Kusama’s comments might hint at a negative aspect of crypto trading. Many meme coins don’t last long at the top of the market, fading away after the hype surrounding them has died down.

$TRUMP Market Price Dumped and Still Dumping

The ovation of $TRUMP did not last long. Over the last two days, the memecoin has faced a massive rally hurdle, which has turned negative on its price chart. At the time of writing, $TRUMP is trading at $34, with a 29% price downtrend in the last 24 hours.

However, its rapid ascent reflects strong community backing and enthusiasm for the former president’s involvement in crypto. The launch of the new administration can turn the trend around for the memecoin.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.


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Solomon Odunayo
Solomon Odunayo
Solomon is a trader, crypto enthusiast, and analyst with over seven years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.
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