Shiba Inu Lead Says SHIB Will ‘Stand Head and Shoulder Above the Rest’ As Total Tokens Surpass 36M
The post Shiba Inu Lead Says SHIB Will ‘Stand Head and Shoulder Above the Rest’ As Total Tokens Surpass 36M appeared on BitcoinEthereumNews.com.
Shiba Inu lead developer, Shytoshi Kusama, expresses confidence in SHIB’s potential to thrive in the competitive crypto landscape. Kusama made the assertion in an X post yesterday while reacting to a tweet from Ash, a widely-followed crypto trader. What’s Delaying Altcoin Season According to the post, Ash expressed concerns about the oversaturation of the crypto market, which has delayed the highly anticipated Alt Season, a period when the prices of altcoins outperform Bitcoin’s. Specifically, the expert claimed that the number of existing crypto assets has grown exponentially, from 500 in the 2013/2014 cycle to 36.4 million in 2025. He noted that the number of tokens could grow to reach 100 million this year. Amid this surge, Ash said exchanges only focus on listing meme coins to boost their trading volumes and user base while ignoring utility tokens. He explained that retail investors buy these meme coins only to see their value drop by 80% in one week. Following the losses, these traders eventually quit, and this stalls the start of the Alt Season. Shiba Inu Lead Expects SHIB to Thrive Reacting, Kusama noted that the post does not imply that crypto is broken or that investors are in financial ruin. Does this mean Crypto is broken? Saturated? Or are we all rekt? None of the above. Great projects will stand head and shoulders above the rest. And that’s exactly why we are here. https://t.co/63zh9MNGCl — Shytoshi Kusama™ (@ShytoshiKusama) January 26, 2025 Despite the current market situation, he emphasized that great crypto projects would stand head and shoulders above the rest. Interestingly, he highlighted Shiba Inu as one of these great projects. This suggests that Kusama expects utility-focused crypto projects, like Shiba Inu, to thrive ahead of others with no utility. Shiba Inu Utility to Drive SHIB’s Value Notably, the team…
Filed under: News - @ January 27, 2025 5:19 pm