Shiba Inu’s lead developer, Shytoshi Kusama, has revealed plans to push SHIB into the top 5 cryptocurrencies by market cap within five years. Kusama shared this ambitious goal while responding to an AI-generated painting posted by artist Mac Baconai. The artwork depicted a man at a cluttered desk with a chaotic painting on the wall.
Kusama said the image mirrors how he feels when working to add utility to Shiba Inu, often on a limited budget. Despite challenges, he emphasized his commitment to elevating SHIB from its current position in the top 15 to the top 5.
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Clarifying the Goal
In a follow-up tweet, Kusama confirmed he was talking about SHIB. He stressed that his comment was not a hint but a clear aspiration. His message underscored the effort required to achieve this goal, highlighting his determination to boost Shiba Inu’s market position.
For SHIB to break into the top 5, its market cap must rise significantly. The top five cryptocurrencies currently include Bitcoin, Ethereum, Tether, Solana, and BNB. Shiba Inu ranks 13th, with a market cap of $15.27 billion.
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To reach the fifth spot, SHIB’s valuation would need to climb 517.09% to $94.24 billion, surpassing BNB’s current valuation of $94.23 billion. If SHIB hits this market cap, it could achieve a new all-time high of $0.0001599, assuming a stable circulating supply.
Kusama’s Leadership and Work Ethic
Since taking over in May 2022 after Shiba Inu’s founder, Ryoshi, disappeared, Kusama has worked tirelessly to transform SHIB from a memecoin into a utility-driven project. He recently revealed his intense work schedule, including working 20-hour days for weeks.
Kusama believes the effort is necessary as SHIB now competes with established projects like Cardano and XRP. Whether SHIB will achieve its top 5 goal remains uncertain, but Kusama’s dedication is evident.