Shiba Inu lead developer Shytoshi Kusama highlighted how SHIB’s performance has outpaced Bitcoin, hinting at the meme coin’s potential for additional growth.
Shiba Inu Outperforming BTC? SHIB Eyes Potential 300% Rally
Kusama emphasized SHIB’s lifetime gains, which outshine Bitcoin’s, drawing attention to SHIB’s growth potential. Comparing SHIB’s performance to other major coins like DOGE, SOL, and BNB, Kusama underscored SHIB’s remarkable gains since its 2020 launch. Following these bullish remarks, many in the market are speculating on SHIB’s potential for a 300% rally.
Shytoshi Kusama Highlights Lifetime Gains for SHIB
On October 30, Kusama pointed to SHIB’s gains of 33,774,726%, far surpassing Bitcoin’s lifetime 569,000%. He noted that while Shiba Inu has made significant progress, the ecosystem still has “much work to be done.” This statement sparked renewed interest in SHIB’s future growth.
Kusama further highlighted how SHIB has outperformed other coins, drawing attention from investors as SHIB experiences a bullish market phase.
Will SHIB Surge 300%?
SHIB’s recent price increase aligns with optimistic market dynamics, gaining nearly 5% intraday to trade at $0.00001909. Its trading volume also spiked by 32% to $716.07 million, supported by a 118% weekly surge in the SHIB burn rate.
A recent CoinGape analysis suggested that SHIB might be set for a 300% rally, given the positive sentiment in the meme coin market and substantial whale transactions. These factors have increased confidence in SHIB’s long-term potential among investors.
