The leader of the Shiba Inu, known as Shytoshi Kusama, has sparked debates on social media platform X with recent comments regarding the project’s position in relation to Dogecoin. Kusama’s claim, which labels Shiba Inu as the “Dogecoin Killer,” hints at the project’s aspirations to challenge Dogecoin’s prominence within the meme coin sector.
The leader of the Shiba Inu, known as Shytoshi Kusama, has sparked debates on social media platform X with recent comments regarding the project’s position in relation to Dogecoin. Kusama’s claim, which labels Shiba Inu as the “Dogecoin Killer,” hints at the project’s aspirations to challenge Dogecoin’s prominence within the meme coin sector.
During a period of substantial growth in the Shiba Inu price, Kusama took to social media to broadcast the project’s progress and future prospects. Notably, the Shiba Inu SHIB token saw a notable 132% increase in value from the previous week, followed by a further 18% increase at the start of the new week.
This surge has propelled SHIB to trade at $0.0000267 per token, its highest valuation since April 2022, with a market capitalization of $15.7 billion. In contrast, Dogecoin’s market capitalization currently stands at $23.45 billion.
SHIB vs. DOGE
Despite SHIB’s significant growth and increasing market capitalization, Kusama emphasized Shiba Inu’s modest beginnings, highlighting the project’s achievements with a minimal budget and marketing efforts. However, Kusama hinted at a strategic change, stating that it is time for Shiba Inu to show its full potential.
In a playful yet strategic manner, Kusama mocked DOGE enthusiasts, suggesting Shiba Inu’s intention to challenge Dogecoin’s market dominance. Referring to the Shiba Inu community as “Shibarmy,” Kusama hinted at plans to strengthen Shiba Inu’s position in the market and strategically maneuver to surpass Dogecoin’s market capitalization.
Kusama’s comments have sparked curiosity within the cryptocurrency community, with investors and observers closely following Shiba Inu’s trajectory in the competitive cryptocurrency landscape.
