Shiba Inu lead developer, Shytoshi Kusama, expresses confidence in SHIB’s potential to thrive in the competitive crypto landscape.
Kusama made the assertion in an X post yesterday while reacting to a tweet from Ash, a widely-followed crypto trader.
What’s Delaying Altcoin Season
According to the post, Ash expressed concerns about the oversaturation of the crypto market, which has delayed the highly anticipated Alt Season, a period when the prices of altcoins outperform Bitcoin’s.
Specifically, the expert claimed that the number of existing crypto assets has grown exponentially, from 500 in the 2013/2014 cycle to 36.4 million in 2025. He noted that the number of tokens could grow to reach 100 million this year.
Amid this surge, Ash said exchanges only focus on listing meme coins to boost their trading volumes and user base while ignoring utility tokens.
He explained that retail investors buy these meme coins only to see their value drop by 80% in one week. Following the losses, these traders eventually quit, and this stalls the start of the Alt Season.
Shiba Inu Lead Expects SHIB to Thrive
Reacting, Kusama noted that the post does not imply that crypto is broken or that investors are in financial ruin.
Does this mean Crypto is broken? Saturated? Or are we all rekt? None of the above.
Great projects will stand head and shoulders above the rest. And that’s exactly why we are here. https://t.co/63zh9MNGCl
— Shytoshi Kusama™ (@ShytoshiKusama) January 26, 2025
Despite the current market situation, he emphasized that great crypto projects would stand head and shoulders above the rest. Interestingly, he highlighted Shiba Inu as one of these great projects.
This suggests that Kusama expects utility-focused crypto projects, like Shiba Inu, to thrive ahead of others with no utility.
Shiba Inu Utility to Drive SHIB’s Value
Notably, the team behind the Shiba Inu ecosystem, led by Kusama, has made significant efforts toward transforming SHIB to a utility token.
Shiba Inu transitioned into an ecosystem with multiple projects, such as a DEX, an L2 blockchain, non-fungible tokens, games, a metaverse, and a marketplace. While some of these projects have gone live, others are still in development.
Interestingly, several community members are optimistic that these utility projects will positively impact Shiba Inu’s value in the long term.
Alt Season Still on The Way
According to Shiba Inu’s marketing lead, the highly anticipated Alt Season has yet to occur. She indicated that the market might witness another historic moment within the next four years, suggesting that assets like Shiba Inu could rally significantly during this period.
Her confidence stems from the inauguration of a pro-crypto administration in the United States. The Trump administration is expected to positively impact crypto, potentially paving the way for favorable regulations and creating a national digital asset reserve.
However, crypto’s performance has fallen short of investors’ expectations, as the prices of leading cryptos have tumbled.
For instance, Bitcoin has plunged below the $100,000 mark to $98,750 at press time. Similarly, SHIB has also dropped below the $0.00002 psychological mark to $0.00001792. Currently, the doggy-themed token is down 9.84% in the past 24 hours and 16.28% in the past week.
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