Shiba Inu Team Member Reveals ‘Primary Challenge’ And ‘Top Priority’ Amid Market Uncertainty – Crypto News – Crypto News
Connect with us

Blockchain

Shiba Inu Team Member Reveals ‘Primary Challenge’ And ‘Top Priority’ Amid Market Uncertainty – Crypto News

Published

2 hours ago

on

In the face of growing market uncertainty, a Shiba Inu developer, Kaal Dhairya, has spoken out on X about the project’s internal problem and the team’s top priorities. As SHIB begins August with a market dip, slipping further down the crypto rankings, and facing growing competition, Dhairya is drawing attention to the internal struggles holding the ecosystem back. 

Shiba Inu Primary Challenge Revealed

According to Kaal Dhairya, the biggest issue holding Shiba Inu back is not the market, but what’s happening inside the community, highlighting the ongoing splits slowing down SHIB’s development and holding back its progress. He says rather than evaluating projects based on their potential benefits to Shibarium and SHIB holders, decision-makers often base their choices on personal opinions and bias.

Related Reading

Dhairya gave a past example to show how things used to be different. He mentioned how the K9 project thrived under the support and guidance of trusted community members like himself and another developer, Shytoshi Kusama. Back then, no one saw it as a scam or a quick cash grab, and the community supported it.

But now, he says, even legitimate projects get caught in the crossfire of personal rivalries and distrust. Individuals who have already raised significant amounts of money from the SHIB community or built influence under changing identities often drive this tension.

He added that while it is typical for projects to hire advisors or influencers to promote their tokens in return for payment, he believes the SHIB community should aim for something better. Dhairya emphasized the need for openness and honesty within the community regarding personal gains from promoting or advising a project as part of that higher standard. 

Top Priority: Building Unity And Community Governance

With the market turning and the cryptocurrency dropping under the top 20 in the rankings, Dhairya clarified that the main priority now must be unity. Shiba Inu saw a 9% rise in July, but that momentum quickly faded. By early August, SHIB had dropped over 2%, falling from a high of $0.00001437 on July 28 to a low of $0.0000116 on August 2. The token has now dropped to the 22nd spot in the crypto rankings, with a market cap of $7.17 billion.

Related Reading

Instead of being divided by internal arguments, Dhairya wants the community to unite and tackle the external challenges, especially in light of SHIB’s recent price drop. These include rival projects that have pushed the cryptocurrency out of the top 10 and major web3 companies and crypto infrastructures that continue to overlook Shiba Inu. He also mentioned centralized exchanges that earn large profits from SHIB but do not show the community the respect it deserves. 

To face these outside forces, Dhairya stressed implementing practical decision-making tools, eliminating favoritism, and supporting projects that add actual value to the ecosystem. The developer also underscored the need to empower Shiba Inu’s decentralized autonomous organization (DAO) as the future lies in building a fair, community-led system where every “Shibizen” has an equal voice. He further suggests a quad-token governance model and adherence to ethical guidelines, like the Great Canine Code, to keep leaders accountable and prevent misuse of power. 

Shiba Inu price chart from TradingView.com
SHIB continues to fluctuate | Source: SHIBUSDT on TradingView.com

Featured image from Unsplash, chart from TradingView.com

Related Topics:
Continue Reading

Trending