Shiba Inu Lead Lauds TRON’s Justin Sun As SHIB Prepares for TREAT Token Launch
Highlights
- Shytoshi Kusama praised Justin Sun as TRON secures a milestone achievement in stablecoin use cases.
- Kusama says Shibarmy eyes a similar feat, raising speculations amid looming TREAT token launch.
- SHIB ecosystem also sees rising adoption in recent days, adding to optimism.
Shiba Inu lead developer Shytoshi Kusama lauded TRON’s Justin Sun on Tuesday over the blockchain’s recent milestone achievement. The lead developer primarily highlighted TRX’s product-market fit (PMF) in stablecoin use cases, underscoring the network’s pioneering stance as a decentralized, fast, and affordable solution.
Notably, Kusama further stated that Shibarmy “will achieve the same (product-market fit) in a different manner,” with market watchers speculating as the broader industry eyes TREAT token launch shortly ahead.
Shiba Inu Lead Dev Praises TRON’s Justin Sun
In a reply to Justin Sun’s X post, Shytoshi Kusama stated on November 26, “You were a big inspiration for me early on, and I am proud to see you achieve PMF in this space.” This statement primarily points to TRON’s native token, TRX, achieving a strong product-market fit in stablecoin use cases.
Notably, the TRON blockchain processes 92% of USDT transactions and hosts $60B in USDT. However, TRX’s market cap is only $17B, per ‘Kate The Alt,’ the Alt account of CryptoQuant CEO Ki Young Ju. This data indicated that TRX-based USDT is far more adopted than even ETH-based USDT, offering low-cost, fast stablecoin remittances in global trade.
Speculations Of TREAT Token Launch
Pointing to this landmark achievement, Justin Sun glimmered with immense optimism. Shiba Inu’s lead developer Shytoshi Kusama further highlights this achievement, hinting that the SHIB ecosystem is also eyeing achieving the same PMF but in a different manner. This statement, hinting at a looming achievement for the dog-themed coin, has set off waves of discussions as Kusama recently hinted at TREAT token launch to further bolster the SHIB ecosystem.
In addition, amid rising optimism with the abovementioned developments, a substantial spike in layer-2 network Shibarium’s TVL has added to market enthusiasm surrounding the meme coin. Notably, the meme crypto’s marketing lead, LUCIE, recently revealed that TVL on Shibarium hit an ATH at $8.57 million. This data further cements the coin’s future with market optimism.
Will SHIB Price Gain Following Recent Developments?
Crypto watchers are extensively eyeing the dog-themed meme coin amid a highly bullish Q4. However, SHIB price traded at $0.00002529, down 1% intraday. Its 24-hour low and high were $0.00002436 and $0.0000264, respectively.
Nevertheless, the monthly chart for the crypto indicates gains of 48%. This broader bullish movement, accompanied by the abovementioned movements, has kept investors optimistic about future movements.
Moreover, a recent Shiba Inu price analysis by CoinGape indicated that the token already eyes further gains as its supply continues to shred due to constant token burning. Market watchers remain bullish as the Q4 ripple effect is yet bullish, followed by recent ecosystem developments.
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