Shiba Inu Lead Developer Shytoshi Kusama Aspires to Take SHIB to the List of Top 5 Cryptocurrencies by Market Cap Within a Few Years

The enigmatic Shiba Inu lead developer Shytoshi Kusama aspires to take SHIB to the list of top 5 cryptocurrencies by market cap within a few years.

Shiba Inu (SHIB) lead developer Shytoshi Kusama has revealed an ambitious goal for the memecoin. Reacting to an AI-generated painting shared by multidisciplinary artist Mac Baconai, Kusama disclosed plans to elevate SHIB to the list of top 5 cryptocurrencies by market cap within a few years.

The image depicted a man working on a cluttered desk full of books, with a chaotic painting hanging on the wall. As Baconai put it, the artwork was generated using the prompt: “A messy desk in the study room of a man working on giving utility to a memecoin to take it from the top 15 to the top 5 in less than 5 years and have it be valued in the billions. An oil painting on canvas.”

Reacting to the painting, Kusama noted that it feels like an accurate representation of his experience. “How it feels trying to give utility to a memecoin and take it from top 15 to top 5. In less than 5 years… without a huge budget,” he wrote in a tweet.

In a separate tweet, he emphasized that he was referring to SHIB, adding that the idea of making the asset rank among the top 5 cryptocurrencies was not a hint but an aspiration. “For those wondering. I am referring to SHIB. Top 5 is not a hint, it's an aspiration,” the lead developer noted.

Shiba Inu Among Top 15 Coins

The overall message in the tweets symbolizes the amount of work the Shiba Inu leader is putting in to elevate SHIB to the top 5. Notably, the top five cryptocurrencies by market cap are Bitcoin, Ethereum, Tether, Solana, and BNB.

Meanwhile, Shiba Inu is ranked among the top 15 crypto assets. At the time of writing, SHIB is the 13th biggest cryptocurrency with a market cap of $15.27 billion, according to CoinGecko data.

This indicates that for SHIB to rank in the top five within five years, its market cap must surge by 517.09% to $94.24 billion, potentially flipping BNB, which has a valuation of $94.23 billion.

At a valuation of $94.24 billion, SHIB would set a new all-time high of $0.0001599, assuming its circulating supply remains fairly stable.

For context, Kusama took the mantle to lead the Shiba Inu ecosystem in May 2022, following the sudden disappearance of the project’s pseudonymous founder, Ryoshi. Since assuming the role, Kusama has been tasked with transforming Shiba Inu from a memecoin to a utility project.

Recently, he shared insight about his work rate, suggesting that his work is not limited to any particular Shiba Inu ecosystem token. To demonstrate his dedication to the Shiba Inu project, Kusama revealed that he once worked 20 hours daily for weeks.

For him, the grueling work schedule is necessary as Shiba Inu is no longer competing with memecoins but established assets like Cardano and XRP. Whether Shiba Inu will eventually move from the top 15 to the top 5 remains to be seen.