Shiba Inu Lead Developer Denies Report Of '$100B Market' Prediction: 'Not My Words'
Portfolio Pulse from Benzinga Neuro
Shytoshi Kusama, Shiba Inu's lead developer, criticized U.Today for misquoting him regarding SHIB's market cap reaching $100 billion. Kusama clarified his stance on X, emphasizing his quote was misrepresented. Despite a recent 13.3% dip, SHIB's market cap surged by 90% to $26.71 billion, surpassing several tech giants. The cryptocurrency's active accounts and whale transactions have increased, with a majority of SHIB holders seeing profits.
March 06, 2024 | 11:28 am
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Shiba Inu's market cap recently surged by 90% to $26.71 billion, despite a 13.3% dip. The increase in active accounts and whale transactions indicates a strong market presence, with a majority of holders in profit.
The significant surge in SHIB's market cap and the increase in active accounts and whale transactions, despite a recent dip, indicate a strong and growing interest in Shiba Inu. The majority of SHIB holders being in profit, even with recent market fluctuations, suggests a positive short-term impact on SHIB's value.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100