Shytoshi Kusama, the prominent and anonymous figure leading the Shiba Inu ecosystem, recently addressed critics of the project’s achievements, defending SHIB’s contributions and potential.
The response came after ‘Corleone Alpha News,’ a crypto media outlet, published an analysis on the memecoin market, commenting unfavorably on Shiba Inu’s performance.
Yesterday, Corleone Alpha News posted a social media analysis discussing several popular meme-based cryptocurrencies, including Shiba Inu (SHIB), Dogecoin (DOGE), Floki (FLOKI), Bonk (BONK), and Pepe (PEPE).
The assessment suggested that while Dogecoin felt “old,” Floki lacked excitement, Bonk was becoming irrelevant, and Pepe’s price appeared inflated. Most controversially, the outlet claimed that Shiba Inu “doesn’t deliver,” hinting at what it saw as a failure to provide sufficient returns or community fulfillment.
Shytoshi Kusama and the Community’s Reaction
The commentary sparked a strong reaction within the Shiba Inu community. Discontented SHIB supporters voiced their opposition to the analysis in the comment sections, expressing frustration over what they deemed an inaccurate portrayal.
Kusama also responded sharply, suggesting that Corleone’s content strategist should face repercussions for what he saw as an ill-informed assessment.
Shib doesn't deliver? Your content strategist should be fired.
— Shytoshi Kusama™ (@ShytoshiKusama) November 13, 2024
Kusama emphasized that the report misrepresented SHIB’s accomplishments and disregarded the broader vision of the Shiba Inu project. His comments underline the importance of thorough research before concluding projects with substantial achievements in the crypto space.
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Shiba Inu’s Educational Campaign on the Horizon
Kusama has previously expressed concerns over the widespread perception that Shiba Inu’s success is solely tied to the “memecoin” trend. He recently emphasized that Shiba Inu’s ongoing achievements and future objectives rely more on innovation and technology than on the initial hype of its inception.
To counter the misconceptions about Shiba Inu, Kusam proposed an education campaign to inform the crypto community about SHIB’s developments and long-term goals. He intends to introduce this initiative in an upcoming podcast, which he anticipates will offer further insights into Shiba Inu’s strategy and vision.
Major Milestones of Shiba Inu (SHIB)
Since its creation, Shiba Inu has evolved from a simple memecoin to a multifaceted project capable of competing with cryptocurrencies offering tangible utility.
The Shiba Inu development team has made significant strides, including the launch of Shibarium, a Layer-2 blockchain, and a decentralized exchange, highlighting its efforts to establish Shiba Inu as more than just a meme token.
SHIB has also delivered substantial gains to its early investors, achieving a remarkable all-time high (ATH) of $0.00008616 in 2021 after a surge of 153 million percent from its inception. Although SHIB has not reached similar peaks, it continues to record strong price movements and remains a high-profile asset within the cryptocurrency market.
Recent SHIB Performance
Despite the volatile market conditions, Shiba Inu has shown resilience, with its price registering considerable growth over the past year. This week, SHIB reached a seven-month high of $0.00003031 before experiencing a pullback due to broader market trends.
Despite the retracement, SHIB has maintained an increase of 193.93% over the past year, a 38.90% gain in the past month, but a 5.56% price decline in the past 24 hours. As of the latest data, SHIB is valued at $0.00002509, with a daily trading volume of $2.56 billion.
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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