Shiba Inu Coin lead developer Shytoshi Kusama sparked discussions across the crypto landscape on Tuesday, criticizing Litecoin (LTC) for its recent ID change to a meme coin. In a series of posts on social media platform Notably, LTC rebranded itself as a meme-themed piece, primarily a stick figure with the letter “L” as a head.
Shytoshi Kusama of Shiba Inu Coin takes a dig at Litecoin
According to an X article by Shytoshi Kusama on November 19, the lead developer said he was not looking to get into “beef” with Litecoin this year. However, the piece’s lead Shiba Inu says, “They’re forming the memevengers and I’m starting to feel like Thanos.” Notably, when pointing to LTC’s new stick figure, Kusama said: “take this L and resign.” These statements, highlighting a sense of dismay over the ID change saga, quickly gained traction in the industry.
CoinGape Media reported that LTC claimed it was a meme coin earlier this month. Kusama’s critical statements come the day after this column. Notably, the change in Litecoin identification comes amid growing market interest in the best coinsas evidenced by the recent gathering of the main players in the sector.
Meanwhile, in response to the lead developer’s in-depth remarks, the LTC community said: “What is this?” 8th grade? Nevertheless, the lead SHIB developer responded sarcastically: “Says the intern while posting numbers. Lol.” Overall, these statements clearly highlight that the dog-themed coin community remains gloomy about the crypto ID change mentioned above.
How does Meme Coin work?
SHIB price today has featured sideways trading in recent days, down nearly 2% intraday to $0.00002508. The token’s intraday low and high were recorded at $0.00002415 and $0.00002578, respectively. However, the crypto’s monthly chart shows gains worth 33%. This broader upward movement highlights the the best dog themed coins potential in a bull market despite recent consolidation.
A recent Shiba Inu Coin Price Analysis by CoinGape Media reported that the coin could reflect the rise of XRP in 2024, attributable to ecosystem growth, token burns, and market uptrends that drive investor optimism. Shibburn data on November 19, it further reported that the token’s burn rate jumped by 938%, reinforcing optimism about the token’s long-term prospects.
On the other hand, Litecoin price was trading at $89.60 at press time, down 3% intraday. Its 24-hour low and high were $86.68 and $92.19, respectively.
Quince stick
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Disclaimer: Content presented may include the author’s personal opinion and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication assumes no responsibility for your personal financial loss.
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