Shytoshi Kusama Schools X User Who Said SHIB Will Remain 'Chump Change Meme' Unless It Can Rise Above A Penny: 'Those Who Are Wise Give Us Respect'
Portfolio Pulse from Aniket Verma
Shytoshi Kusama, leader of the Shiba Inu ecosystem, expressed frustration over the lack of respect for SHIB despite its significant gains. Kusama responded to criticism that SHIB will remain a 'chump change meme' unless it surpasses $0.01, emphasizing its top market capitalization status and substantial growth. SHIB has seen an 80% increase year-to-date, trailing behind Dogecoin's 92% rise.
October 31, 2024 | 6:16 am
News sentiment analysis
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NEUTRAL IMPACT
Dogecoin, the most valuable meme coin, has outperformed Shiba Inu with a 92% YTD increase, compared to SHIB's 80% rise.
While Dogecoin's performance is mentioned, the focus is on Shiba Inu. The news is unlikely to significantly impact Dogecoin's price in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Shytoshi Kusama defends Shiba Inu's status, highlighting its top market cap and 80% YTD growth. Despite criticism, SHIB remains a significant player in the crypto space.
Kusama's defense of SHIB and its significant market cap and growth could positively influence investor sentiment, potentially leading to a short-term price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100