Shytoshi Kusama, the mysterious lead of the Shiba Inu SHIB/USD ecosystem, highlighted the coin’s impressive growth since its launch and the work ahead to gain further recognition.
What Happened: On Tuesday, Kusama took to X to talk about the SHIB’s lifetime growth, which stood at a staggering 33,774,726.7% from its all-time low, higher than those of Dogecoin DOGE/USD, Solana SOL/USD, and Binance Coin BNB/USD.
The pseudonymous personality added that this wasn’t enough and efforts were in place to further enhance the ecosystem.
“So, don’t ignore Shib. Or do, until you can no longer,” Kusama said, pointing toward critics.
See Also: MSTR Vs. RIOT Vs. COIN: Which Crypto Stock Stands Out Ahead Of Q3 Earnings?
Why It Matters: Kusama’s post comes in the wake of a broader cryptocurrency market rally that witnessed Bitcoin BTC/USD come within touching distance of a new all-time high.
SHIB, the second-largest meme coin by market capitalization, has gained 83% this year, exceeding SOL’s spike of 77% but trailed behind DOGE and BNB, which were up 95% and 92%, respectively.
The people at the helm of affairs have been making attempts at transforming Shiba Inu into a serious decentralized blockchain project.
Recently, Shiba Inu announced a partnership with Mass, a financial solutions company, to build the finance layer of its ambitious “Shiba State.”
Price Action: At the time of writing, Shiba Inu was exchanging hands at $0.00001901, up 2,60% in the last 24 hours, according to data from Benzinga Pro.
Read Next: Remember The ‘Passports For Bitcoin’ Initiative In El Salvador? It’s Not Going So Well
Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
