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Highlights
- Shiba Inu lead developer Shytoshi Kusama reacts as American billionaire Mark Cuban lauds SHIB.
- Mark Cuban draws attention towards the SHIB community's long-term prospects.
- However, SHIB price slumps intraday, although the token's future remains bullish.
In an unprecedented turn of events, Shiba Inu lead developer Shytoshi Kusama has reacted as Billionaire entrepreneur and investor Mark Cuban lauded SHIB publicly. On Tuesday, the lead developer drew attention to the dog-themed meme coin on X, sharing Mark’s post highlighting why it is among one of the most prominent players across the meme crypto sector.
As a result, crypto traders and investors are again bullish on one of the leading dog-themed meme coins in terms of market cap.
Shiba Inu Lead Reacts On Marc Cuban’s SHIB Comment
In an X post dated January 21, Mark spotlights why meme coins like SHIB and Dogecoin have worked. Particularly in the wake of the community’s long-term prospects and a sustainable way that benefits holders long term, the American billionaire lauds the Shytoshi Kusama-backed crypto project.
Notably, Mark stated, “It’s why Doge, Shibu Inu and only a few others have worked. It’s about the community long term.” Further, replying to this post, Shiba Inu lead Shytoshi Kusama stated, “Oh and it’s SHIBA INU.” Kusama again posted on X, adding, “Why not align with us here at Shib,” calling out Mark. “Take a 10 minute call and see that it’s not just community but real technology that keeps us going,” he further added.
Cuban Calls Out On New Meme Coins
Meanwhile, it’s noteworthy that these comments on meme coins come against the backdrop of broader discussions revolving around the newly launched TRUMP token. CoinGape reported that Mark Cuban slammed TRUMP coin‘s dynamics, undermining its credibility.
Further, Cuban said in another post, “If meme coins are the way, maybe I’ll issue one. With a twist. Same terms as TRUMP.” This statement has further set off market discussions as the so-called twist will be that all revenue from sales of the token will go to the U.S. Treasury, per Cuban. Nevertheless, the saga has altogether garnered significant attention toward the Shiba Inu coin.
SHIB Price Takes Heat
However, despite the recent comment from the Shiba Inu lead, the leading meme coin’s price dipped today. At the time of reporting, SHIB price was down 6% intraday and is sitting at $0.00001979. The coin’s 24-hour low and high were $0.00001968 and $0.00002194, respectively. Despite Mark Cuban’s appraisal, the meme coin waned against the backdrop of the broader sector’s movement.
Nevertheless, market participants continue to eye Shiba Inu optimistically against the backdrop of broader developments. CoinGape reported that lead developer Shyotshi Kusama claimed a “big week ahead” for the token’s community. This statement has sparked speculations of looming advancements for the meme token.
Also, a SHIB price analysis by CoinGape revealed that the token could be hitting a new ATH, driven by soaring market optimism amid Donald Trump’s inauguration. Crypto market participants continue to monitor the meme coin for further price action shifts.
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