Shytoshi Kusama, the charismatic lead developer of Shiba Inu (SHIB), an Ethereum-based altcoin, recently shared insights into the project’s preparedness to capitalize on the anticipated bull market.
Shytoshi Kusama Stays Bullish on Shiba Inu (SHIB)
In a recent statement responding to a question from one community member about whether or not the bull market will be missed, Kusama conveyed a sense of confidence and readiness, stating, “Look at today. I don’t think we will miss it. In fact, we are on schedule to complete our work in it.”
However, he expressed the need to get support from the community to achieve the set goals.
“I’ll do my best to complete all the promised items and even more. All I need is your support once the framework is completed.”
This message shared through discussions on the official Shiba Inu (SHIB) Telegram platform, hints at resilience and forward momentum within the Shiba Inu community. The crypto market has been ecstatic since Bitcoin recently surpassed the $37,000 mark.
This rally has been fueled by factors such as historically low supply levels and potential regulatory advances, creating an upbeat environment for investors. The possibility of a spot Exchange Traded Fund (ETF) approval adds to the crypto market’s excitement.
In tandem with Bitcoin’s rally, Ethereum (ETH), the second-largest cryptocurrency, has witnessed significant uptick in its price, soaring by a remarkable 10%. On-chain data reveals a surge in Ethereum’s market value, with a notable increase of 38% in the past four weeks.
SHIB’s Stance and Utility
According to Kusama, utility is fundamental to Shiba Inu’s success in a bullish market. Addressing the market’s competitive nature, he states, “I think we have to keep introducing amazing products so we gain utility.”
This strategic approach aligns with Shiba Inu’s goal of staying relevant and competitive in the crypto ecosystem.
Kusama also provided insights into strategic initiatives, mentioning discussions with “new friends” regarding Shibarium, Shiba Inu’s Layer-2 solution, and centralized exchanges (CEXs). These discussions hint at potential collaborations and innovations that could further enhance Shiba Inu’s position in the market.
As of the time of writing, Shiba Inu is trading at $0.00000898 per token. When measured against BTC, SHIB has decreased by 3.7%, and against ETH, it has decreased by 2.7%. While challenges remain, the Shiba Inu community’s resilience and Kusama’s strategic vision foster a sense of anticipation among investors as they await developments in the weeks and months ahead.