Shiba

Cardano

Kusama

Shiba Inu

Shytoshi Kusama, <a href="https://timestabloid.com/shiba-inu-team-sends-critical-to-shib-holders/" rel="noopener noreferrer nofollow">Shiba Inu’s</a> lead developer, has clarified that SHIB is no longer positioning itself as a memecoin. Instead, the project seeks to compete with established utility-focused cryptocurrencies such as Cardano (ADA) and XRP.
Kusama made this statement in response to a suggestion from a community member, Jolt, who proposed revisiting Shiba Inu’s earlier, humor-driven marketing strategies. Jolt cited the recent success of Litecoin’s playful campaign, which has gained traction for its engaging, meme-centric approach.
<h2 id="b-litecoin-s-playful-marketing-strategy-br-b">Litecoin’s Playful Marketing Strategy </h2>
Litecoin recently embraced a humorous tone in its marketing efforts, using social media to capture the attention of crypto enthusiasts. As part of this approach, Litecoin jokingly announced a shift toward memecoin branding and adopted the slogan, “Take the L.” Kusama <a href="https://x.com/ShytoshiKusama/status/1857080094012957116" rel="noopener noreferrer nofollow">responded</a> to this campaign, calling it an amusing and clever strategy.
Jolt <a href="https://x.com/jolt_yourday/status/1858147957415051518?s=46" rel="noopener noreferrer nofollow">reflected</a> on Shiba Inu’s early days when its marketing heavily relied on humor and community engagement, which helped attract a diverse audience. He suggested that the project consider returning to this approach to expand its reach further.
In response to Jolt, Kusama <a href="https://x.com/shytoshikusama/status/1858188912658649525?s=46" rel="noopener noreferrer nofollow">explained</a> that Shiba Inu now employs a community-driven marketing strategy. He stressed that future decisions about promotions and outreach would be shaped by feedback from the community, particularly through the upcoming decentralized autonomous organization (DAO).
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 We are on twitter, follow us to connect with us :- <a href="https://twitter.com/TimesTabloid1?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@TimesTabloid1</a>
 — TimesTabloid (@TimesTabloid1) <a href="https://twitter.com/TimesTabloid1/status/1680250907504656385?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 15, 2023</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
This system will enable community members to participate in important decisions, including the direction of the ecosystem’s marketing.
Kusama noted that while some suggestions could be implemented quickly, others would require a longer-term plan. He emphasized the need to balance humor and professionalism to reflect Shiba Inu’s shift away from its memecoin roots.
<h2 id="b-competing-with-industry-leaders-br-b">Competing with Industry Leaders </h2>
Kusama further clarified that the asset is no longer competing with other memecoins. Instead, the project strives to establish itself alongside larger, utility-driven blockchain platforms such as XRP and Cardano.
He highlighted that the strategies suitable for smaller projects with market caps around $6 billion are insufficient when competing in higher tiers, such as the $50 billion range where XRP and Cardano operate.
To succeed at this level, he emphasized the importance of adopting professional marketing strategies aimed at mainstream adoption while maintaining a community-focused approach.
<h2 id="b-transitioning-from-memecoin-to-utility-token-br-b">Transitioning from Memecoin to Utility Token </h2>
Launched in 2020 as a memecoin, the digital asset has evolved significantly. The project has introduced various utility-driven initiatives, such as blockchain-based games and a Layer 2 blockchain solution, which Kusama believes has transformed SHIB into a utility token.
With a <a href="https://coinmarketcap.com/currencies/shiba-inu/" rel="noopener noreferrer nofollow">current market cap</a> of around $14.88 billion, Shiba Inu has grown significantly but still trails behind <a href="https://coinmarketcap.com/currencies/cardano/" rel="noopener noreferrer nofollow">Cardano’s</a> $ 26.45 billion valuation and <a href="https://coinmarketcap.com/currencies/xrp/" rel="noopener noreferrer nofollow">XRP’s</a> $62.76 billion. Kusama’s comments signal the project’s ambition to compete in this space and position itself as a serious player within the broader cryptocurrency market.
Additional updates on the token’s marketing approach are expected, as the team continues to refine its strategy to support its long-term goals.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
Follow us on <a href="https://twitter.com/TimesTabloid1" rel="noopener noreferrer nofollow">Twitter</a>, <a href="https://www.facebook.com/timestabloid/" class="broken_link" rel="noopener noreferrer nofollow">Facebook</a>, <a href="https://t.me/markettabloid" rel="noopener noreferrer nofollow">Telegram</a>, and <a href="https://news.google.com/publications/CAAqLAgKIiZDQklTRmdnTWFoSUtFSFJwYldWemRHRmliRzlwWkM1amIyMG9BQVAB?hl=en-US&amp;gl=US&amp;ceid=US%3Aen" rel="noopener noreferrer nofollow">Google News</a>
The post <a href="https://timestabloid.com/shiba-inu-lead-dev-says-shib-is-competing-with-xrp-and-cardano-not-memecoins/" rel="noopener noreferrer nofollow">Shiba Inu Lead Dev Says SHIB Is Competing With XRP and Cardano, Not Memecoins</a> appeared first on <a href="https://timestabloid.com" rel="noopener noreferrer nofollow">Times Tabloid</a>.

Shiba Inu Lead Dev Says SHIB Is Competing With XRP and Cardano, Not Memecoins

Table of Contents

Times Tabloid

Other articles published on Nov 20, 2024

South Korea’s Ruling Party Pushing for 2025 Rollout of New Crypto Tax Rules Despite Opposition

Gemini Expands European Footprint with Launch in France

SEC sends reparations to BitClave ICO investors

UK Pension Fund Embraces Bitcoin with 3% Fund Allocation

First Neiro On ETH (NEIRO) Slides to Critical Support Zone: Is a Recovery Ahead?

Bitcoin Faces Bank Run Risk, Analyst Warns of Systemic Vulnerabilities

Join our free newsletter for daily crypto updates!