As one of the top-performing cryptocurrencies in the market, Shiba Inu has enough potential that could see it become one of the leading coins in the upcoming 2024 bull market. This optimistic outlook is strongly endorsed by Shiba Inu’s co-founder and lead developer, Shytoshi Kusama.
Shiba Inu Set To Dominate Bull Market
In a recent X (formerly Twitter) post, Kusama boldly stated that SHIB, the native token of the Shiba Inu ecosystem, is positioned to emerge as the premier cryptocurrency in the impending bull market. This assertion comes amidst the escalating anticipation within the crypto community regarding the potential front runners in the anticipated 2024 bull run.
Kusama’s statement was prompted by a remark made by the KuCoin team on X. The crypto exchange’s team had suggested that “the meme coin with the loudest community will likely take the lead in the Memecoin season.”
Responding to the proclamation, Kusama dismissed the claim, emphasizing that only the meme coin with the strongest plans, vision, community, supporters, partners, and execution will emerge as the leading cryptocurrency in the meme coin season. He concluded his statement by affirming that SHIB possesses all these top qualities, positioning it as a top contender in the 2024 bull market.
Kusama’s declaration holds significant weight, given SHIB’s track record as one of the industry’s top-performing cryptocurrencies. Over the past months, the cryptocurrency has experienced impressive rallies and exponential gains, driving its recent price surges and drawing the attention of market investors.
In combination with its robust community of supporters and the ongoing projects within its ecosystem, Shiba Inu has been a formidable contender in the market.
Top Memecoin Contenders For The 2024 Bull Run
As SHIB continues its ascent towards claiming the top spot in the upcoming meme coin season, other meme coins are also gearing up to assert their dominance in the bull market. Among the long list of burgeoning meme coins, several prominent cryptocurrencies are closely watched by the crypto market observers, with a few already witnessing exponential growth and crossing the coveted $1 price mark.
Referencing CoinMarketCap’s rankings of meme coins by market capitalization, cryptocurrencies such as Dogecoin (DOGE), Pepe (PEPE), Floki (FLOKI) and Dogwifhat (WIF) have secured positions within the top 60 on the charts. Furthermore, data from Coin Rankings indicates that these cryptocurrencies have emerged as the trendiest meme coins, driven by recent price surges and massive adoption.
Meme coins like Pepe and Dogwifhat have experienced substantial gains, with WIF skyrocketing to over $2, marking a substantial 484.15% price increase in just a month, according to CoinMarketCap. Meanwhile, PEPE has witnessed a monthly price surge of 686.84%, driving its price up to $0.0000088 at the time of writing.
SHIB price starts to see upside | Source: SHIBUSDT on Tradingview.com
Featured image from Crypto News Flash, chart from Tradingview.com
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