Shytoshi Kusama, the renowned lead developer behind Shiba Inu, has broken a week-long silence to address speculation within the community.
In a message recently retweeted by team member Lucie on Twitter, Kusama expressed his unwavering commitment to the project and outlined his plans for innovation within the platform.
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While Kusama’s silence fueled speculation, his message was intended to reassure the community and highlight Shibarium’s continued support.
Kusama acknowledged that the process was time-consuming, saying: “We are fully willing to support the community. Hence this paper. It takes time, that’s all. But I think it’s time to end my silence”
“We fully intend to support the community. Hence this paper. It will take time, that’s all. But I think it’s time to end my silence.” – @ShytoshiKusama
Exciting times are coming
— 𝐋𝐔𝐂𝐈𝐄 | Shibarium (@LucieSHIB) September 29, 2023
The comments come at a critical time for Shibarium, as the second-largest meme coin has recently been at risk of falling out of the CoinMarketCap top 20.
The latest news shared by Kusama on various platforms, including Telegram, demonstrates his dedication to the project and his focus on advancing the Shibarium product.
Kusama highlighted the team’s efforts in creating new products and developing Shibarium, reaffirming the project’s commitment to innovation.
Furthermore, he clarified that the decision to delay the launch of Shibaswap is intended to create space for other projects and tokens within the Shibarium ecosystem. This inclusive approach highlights the team’s commitment to fostering a thriving community and fostering collaboration across projects built on the platform.
Market concerns about Shiba Inu (SHIB)
Amid Kusama’s resurgence, the Shiba Inu coin finds itself facing uncertainty, with its top 20 position under threat. Currently, Shiba Inu’s market capitalization margin is narrow and could easily be surpassed by Chainlink (LINK).
The recent close call highlights the intense competition within the cryptocurrency market and the importance of maintaining a strong market position.
Also Read: Shiba Inu Team Urges SHIB Holders to Move Assets to Shibarium.that’s why
Shibarium trade reduction needs continued effort
Recent data shows a sharp decline in Shibarium transaction volume, with the number falling from more than 200,000 transactions on September 11 to just 15,000 on September 27. The decrease in activity raises concerns about user adoption and highlights the need for continued efforts to encourage users to trade on Shibarium.
As Shibarium and its affiliated projects progress, the community eagerly awaits Shytoshi Kusama to take a more active role. His commitment to breaking his silence signals his renewed commitment and commitment to fostering innovation within the platform.
With Shiba Inu’s position in CoinMarketCap’s top 20 under scrutiny, all eyes are on Shibarium’s growth and upcoming initiatives that will shape its future.
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Information source: compiled from TIMESTABLOID by 0x information.Copyright belongs to the author Adedoyin Aka and may not be reproduced without permission.