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Cryptocurrency News Articles

The Shiba Inu lead developer Shytoshi Kusama answered billionaire entrepreneur Mark Cuban's praise about the SHIB cryptocurrency. The response by Shytoshi Kusama revived crypto investors' and trader interest in Shiba Inu

Jan 23, 2025 at 12:26 am

Mark Cuban Commends Shiba Inu's Community During an appearance on January 21, Mark Cuban pointed out that meme coin success comes from having involved

The Shiba Inu lead developer Shytoshi Kusama answered billionaire entrepreneur Mark Cuban's praise about the SHIB cryptocurrency. The response by Shytoshi Kusama revived crypto investors' and trader interest in Shiba Inu

Billionaire entrepreneur Mark Cuban praised Shiba Inu (SHIB) in his recent statements, sparking renewed interest among crypto investors and traders. Cuban highlighted the importance of engaged communities in the success of meme coins such as SHIB and Dogecoin (DOGE).

Cuban stated during an appearance on January 21 that meme coins largely succeed due to their active communities. “Success in the meme coin market depends on community engagement as demonstrated by Dogecoin Shibu Inu and select others. The project succeeds because we serve the community for the long run.”

Shiba Inu’s lead developer, Shytoshi Kusama, responded to Cuban's post, correcting the coin's spelling and inviting him to a brief call.

“Shiba Inu. SHIBA INU. Maybe a quick call to understand how our project combines actual technological advancement with its passionate community,” replied Kusama.

This exchange brought attention to Shiba Inu's upcoming developments and its active community, sparking further interest in the cryptocurrency.

Before discussing his thoughts on Shiba Inu, Cuban expressed concerns regarding the TRUMP token and other new meme coins that began trading recently.

“I have to admit I don't get or trust the meme coins like the TRUMP token or the dog coins that came out recently, but who cares what I think. They're doing well,” said Cuban.

Mark Cuban planned to establish his variant of the meme coin market during an X appearance. He shared intentions to direct profits from his token toward America's treasury fund in response to queries regarding his speech.

Even though Cuban concentrated on market trends, his acknowledgment of Shiba Inu helped establish its role as a leading meme coin in the crypto market.

Shiba Inu prices fell on the day despite Cuban's positive attention. The current market value for SHIB is $0.00001979, and it has dropped 6% during the past day. Trading values for the token moved from $0.00001968 to $0.00002194 throughout the day.

Prices across cryptocurrencies moved differently that day while buyers maintained their watchful attitude toward Shiba Inu. Market players stay optimistic because the community believes more updates will drive the project forward.

Shiba Inu lead developer Shytoshi Kusama teased upcoming major advancements in the project over the following seven-day period. As a result, the community began speculating on what new developments might influence SHIB's price movement.

Market analysis shows Shiba Inu might achieve a new all-time high because more investors feel positive about cryptocurrencies while the market grows. Investors kept watch on the meme coin operations to detect strong price shifts.

People across the Shiba Inu and meme coin space are interested in how user communities interact with these digital assets to help them advance in the market.

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