While the famous entrepreneur and investor Mark Cuban appreciated the Shiba Inu (SHIB) cryptocurrency, Shytoshi Kusama, the lead developer of SHIB, responded to this situation. Mark Cuban’s comments caused SHIB in the meme crypto sector to gain attention.
Mark Cuban’s Praise for SHIB
Mark Cuban, SHIB and Dogecoin in his post on the X platform $0.343254 He stated that behind the success of meme coins like these are strong communities and long-term sustainability.
“The long-term structure of their communities determines why the Doge, the Shibu Inu, and a few others have been successful,” says Mark Cuban. he said.
Response from Shiba Inu Developer
Shiba Inu leader Shytoshi Kusama posted on X in response to Mark Cuban’s comments, “Oh and it’s SHIBA INU.” he said. Kusama also said, “Why not align with the Shib team here? “Have a 10-minute conversation and see how real technology supports us with the community,” he said.
Cuban’s Criticisms on Meme Coins
Mark Cuban also expressed his criticism about the newly launched TRUMP token and questioned the reliability of such coins. In another post, Cuban said, “If meme coins are in this direction, maybe I will issue one too. But in a different way. Same conditions as TRUMP.” He stated that he was thinking of his own projects using his expressions.
Effect on SHIB Prices
Despite Mark Cuban’s praise, SHIB’s price soon dropped 6% and is currently trading at $0.00001979. However, the Shiba Inu community remains positive about the future, with leader Shytoshi Kusama stating that it has a “big week” ahead.
Additionally, a price analysis conducted by CoinGape suggested that SHIB could reach new record highs, driven by increased market optimism with the inauguration of Donald Trump.
The future of SHIB continues to be shaped in line with both Mark Cuban’s support and the innovations planned by the developer team. Crypto market participants closely follow SHIB’s price movements and developments in the project.
In the end, Mark Cuban’s positive comments towards SHIB and the Shiba Inu developer’s responses have strengthened SHIB’s position in the meme crypto market. These interactions hold promise for future developments of the SHIB community.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
