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- Shiba Inu team wants more recognition from Vitalik Buterin.
- The Ethereum co-founder has set a major standard for memecoins in general
Shytoshi Kusama, the pseudonymous lead developer of the Shiba Inu ecosystem, seeks to showcase SHIB’s potential to Ethereum’s co-founder, Vitalik Buterin. Kusama’s request is in reaction to Buterin’s comment regarding Dogecoin (DOGE).
Vitalik Buterin Hails DOGE as a Top Market Performer
In an interview earlier this week, Buterin suggested in a viral video spreading within the crypto community that Dogecoin deserves to be ranked as the second-biggest crypto after Bitcoin (BTC). Crypto enthusiasts are shocked by Buterin’s comments because they mean he believes Dogecoin should rank higher than Ethereum (ETH). Note that Ethereum has consistently held the second position for several years.
In response to Buterin’s comment, Kusama requested the Ethereum co-founder to allow him to showcase SHIB’s potential. This suggests that Kusama thinks SHIB also deserves recognition as a top digital asset.
@VitalikButerin I would like the chance to show you “Why #Shib” in a 10 min. pitch to showcase the technologies, robust community, intelligent governance, & digital state we have built for a truly decentralized future that ultimately benefits ETH. #Shibarmy can you help here? https://t.co/NMVKj1JINz
— Shytoshi Kusama™ (@ShytoshiKusama) November 1, 2024
Kusama requested a 10-minute pitch to showcase the asset’s robust community, technologies, and decentralized governance. Kusama also disclosed that the presentation would emphasize the team’s goal of a decentralized future. He further suggested that Shiba Inu’s potential would eventually benefit ETH, presumably because SHIB is based on the Ethereum blockchain.
Shytoshi Kusama urged Shiba Inu community members to help him spread his post to get Buterin’s attention. Without wasting time, the Shiba Inu community flooded the comment section to tag the Ethereum co-founder.
Shiba Inu’s Marketing Lead, Lucie, commented that Buterin may be aware of SHIB’s superiority over ETH and may exceed it. Furthermore, she stated that Shiba Inu deserves more support from Buterin for everything SHIB has accomplished on the Ethereum network.
The Vision for Memecoins Beyond Shiba Inu
Surprisingly, Buterin had previously acknowledged SHIB’s prowess, particularly its remarkable price surge. In March, Buterin revealed that SHIB surpassed his expectations despite his earlier prediction of a large drop in the token’s price. Accordingly, Buterin donated the remaining tokens from his SHIB holdings to charity groups after burning 410 trillion tokens.
Buterin revealed in a CNF article that he envisions a future where memecoins go beyond focusing on quick price rallies. While Buterin acknowledged that memecoins had become a critical part of crypto, he believes in their transformation into societal impact and long-term value creation. Therefore, he called on the crypto industry to prioritize memecoin projects that support charities.
Buterin suggested two ways memecoins can pivot to create more value for society. The first is through charity coins that contribute to worthy causes, while the second is through the Robin Hood approach.
Meanwhile, Shiba Inu continues to demonstrate incredible success. SHIB currently ranks as the 12th-biggest crypto with a market cap of $10.2 billion. On the other hand, DOGE is ranked eighth, with a price of $0.1666 and a valuation of $22.9 billion.
