The mysterious lead developer of Shiba Inu, Shytoshi Kusama, said that he plans to give the second largest coin utility and place it in the list of top five cryptocurrencies.
Shytoshi Kusama’s goal
Shytoshi Kusama took to X to share a photo of an AI-generated image. The image in question shows a painting on an office wall that shows a striking scene suggestive of something religious or apocalyptic, with a man sitting at his desk surrounded by similar chaos.
Kusama commented on the image declaring“Trying to give utility to a meme piece and move it from the top 15 to the top 5. In less than 5 years… without a huge budget.”
In a follow-up post, Shytoshi clarified that he was indeed referring to SHIB, the meme coin based on the same internet meme as Dogecoin (DOGE). If it succeeds in achieving its ambitious goal, SHIB could then potentially secure a place among the top five cryptocurrencies in 2025.
Launched in August 2020 by a pseudonymous person called Ryoshi as an ERC-20 token running on top of the Ethereum blockchain, Shiba Inu was initially designed as a meme coin, meaning it was intended to be a crypto- fun, lighthearted currency that should not be taken seriously. However, the coin quickly gained popularity, with its price reaching a lifetime high of $0.000086 in October 2021.
Currently, Shiba Inu is the 15th largest cryptocurrency in the industry, with a market cap of over $15.4 billion, changing hands at $0.00002619, according to CoinGecko.
Shiba Inu looks ahead to Trump’s next presidency
Shytoshi Kusama recently propose establish a Strategic Hub for Innovation and Blockchain (SHIB) in a US city, seeking to transform it into a global hub for blockchain technology and sustainability. The proposed SHIB hub could spur the development of new applications and expand SHIB’s use cases, thereby improving its value proposition among speculators.
Kusama’s SHIB proposal comes as tech billionaire Elon Musk prepares to take a role in Donald Trump’s new agencythe Department of Government Effectiveness, or DOGE
The new Trump administration is widely expected to be supportive of blockchain growth initiatives, deregulation, and tech hubs like SHIB.