Shiba Inu’s enigmatic leader, Shytoshi Kusama, reveals why SHIB’s price has surged alongside other prominent cryptocurrencies, like Bitcoin and Ethereum.
Shiba Inu (SHIB) has witnessed an impressive run over the past few days, taking its price above $0.000027. This surge coincides with strong gains registered by crypto assets such as Bitcoin and Ethereum over the past week.
Shiba Inu, Bitcoin, and Ethereum Embark on Massive Rally
In particular, the world’s largest cryptocurrency surged tremendously, hitting new all-time highs (ATH) daily. The premier asset’s current ATH stands at $81,858, recorded in the early hours of today. Priced at $81,170, Bitcoin is up 29.53% in the past month, 17.82% in the past seven days, and 2.88% in the past 24 hours.
Similarly, Ethereum surged above the $3,200 price level, as predicted by Bitfinex experts, following a seven-day increase of 27.25%. Interestingly, Shiba Inu also recorded significant gains, following in Bitcoin and Ethereum’s footsteps.
Yesterday, Shiba Inu hit a five-month high of $0.00002785. Although the token has witnessed a slight correction that took its price to $0.00002511, Shiba Inu is still up 13.8% in 24 hours, 49.02% in one week, and 40.11% in the past month.
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Why SHIB Surged Alongside Bitcoin and Ethereum
Following SHIB’s remarkable rally, Shiba Inu lead Shytoshi Kusama addressed market observers who are surprised that a memecoin like SHIB could rally alongside big ‘bois’ (boys), like Bitcoin and Ethereum.
The Shiba Inu leader suggested that Shiba Inu’s success is not driven by its meme status or mere hype but by notable factors such as technology and innovative thinking.
Kusama to Discuss Shiba Inu’s Potential in an Upcoming Podcast
He hinted at an upcoming campaign to educate the broader crypto community about Shiba Inu’s potential and showcase how it helped SHIB survive the bear market.
Part of this campaign will involve him being a guest on a podcast, where he will discuss Shiba Inu’s potential, including its technology, resilience through the bear market, and power, in detail.
His commentary suggests plans to educate crypto enthusiasts about how Shiba Inu’s technology and innovative thinking fueled SHIB’s success rather than the token’s meme origins.
He has not provided details about the date and time of the podcast. In the meantime, he urged Shiba Inu community members to watch out for more updates.
Although Shiba Inu originally launched as a memecoin in August 2020, its ecosystem team has rolled out major projects to transform SHIB into a utility token. These include Shibarium, Shiba Eternity, Agent Shiboshi, SHIB: The Metaverse, ShibaSwap, and an upcoming privacy blockchain.
Despite SHIB’s recent gains, the asset is still down 44.2% from its peak price of $0.000045, registered in March. Nonetheless, as the market continues to react positively to Donald Trump’s re-election, which promised to support fairer and clearer regulations, SHIB could surpass the $0.000045 mark, taking it close to its previous ATH record of $0.00008616.
