- Dogecoin (DOGE) rival popular meme cryptocurrency Shiba Inu (SHIB) An Ethereum-based meme coin that is said to have been released by the developer who created it has made tremendous gains in the past month as the rest of the crypto market is trading either down or sideways.
Since the beginning of August, Dejitaru Tsuka (TSUKA) It increased by more than 300 percent from $ 0.024 to $ 0.099. In the same time frame, the king cryptocurrency Bitcoin (BTC) fell 5 percent.
Dejitaru Tsuka, a project built on the Ethereum blockchain, describes itself as a decentralized community focused on meditation, reflection and research.
Some members of the SHIB community are thought to be the brains behind Dejitaru, Shiba Inu’s developer and creator, nicknamed Ryoshi.
SHIB enthusiasts claim that some of Ryoshi’s writings on the Shiba Inu are quite similar to the one used for Dejitaru Tsuka’s blog. Dejitaru’s Medium page also uses the same image as Ryoshi’s Twitter profile, and Ryoshi is the only account Dejitaru follows on Twitter.
TSUKA Members of his community also wrote an editorial version of Ryoshi’s blockchain messages in a Medium post, stating their belief that the mysterious crypto developer is behind the new meme coin project.
Shiba Inu became one of the best performing crypto assets in 2021 and has always been in the spotlight thanks to its community. Despite this, SHIB is still trading with 23,207,884 percent up from its November 2020 price despite falling far below its all-time high.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.