Bitgert is among the new crypto projects that have left Shiba Inu miles behind in terms of product delivery.
- Ryoshi took an example from the founder of Bitcoin, leaving the Shiba Inu community
- Unlike the founder of Bitcoin, Ryoshi leaves the community when the cryptocurrency is on a sharp downward trend.
- Shiba Inu is still facing stiff competition from such people Bitgert and many other real crypto-utility projects.
The founder of Shiba Inu, who goes by the pseudonym Ryoshi, has finally made his claim that one day he could “disappear”. He joined Bitcoin founder Satoshi Nakamoto to become another anonymous cryptocurrency founder who has disappeared without a trace.
He left the Shiba Inu community and deleted all his tweets and blogs. The Twitter thought that goes through @RyoshiResearch has all the tweets deleted. The biography on his Twitter account has also been deleted.
From a technical point of view, the founder completely detached himself from the Shiba Inu community. All of Ryoshi’s personal blogs were deleted this week. According to Coinquora, the SHIB link on the Medium platform and all of Ryoshi’s blogs have been removed. Therefore, almost everything associated with the founder, who has been anonymous all this time, has been deleted.
However, this move was met with mixed reactions from the Shiba Inu community. Despite the fact that the main developer, such as Shytoshi Kusama, has assured the community that the project will go ahead as planned, there are concerns about the future of the currency. This is due to the poor performance of the SHIB currency in the last 6 months.
The release of founder Shiba Inu comes at a time when Shiba Inu is facing one of the steepest declining trends since its launch. He leaves the project when SHIB dropped 87% of ATH at the time of writing.
The major developments that the Shiba Inu team promised, including Shiberse (the metavers project) and Shibarium (layer 2 solution), have not been released.
Ryoshi comes out when Shiba Inu is still facing stiff competition from the Bitgert (BRISE) project. As a meme, Shiba could not compete with real utility projects such as Bitgert. In fact, many SHIB investors have joined Bitgert. This includes the Shiba Inu whales that Bitgert BRISE is buying and accumulating this year.
Bitgert is among the new crypto projects that have left Shiba miles behind in terms of product delivery. Although Bitgert is almost a year younger than Shiba Inu, Bitgert’s fast delivery and disruptive Bitgert products have made Bitgert a very attractive currency. That’s why Bitgert remains one of the currencies that gives Shiba Inu a tough competition.
The bottom line is that the release of Shiba Inu’s founder could shake the price of the currency a bit, but it may not have a big impact on the project, as Satoshi Nakamoto did for Bitcoin. The team behind the project will continue to drive development. However, the biggest challenge for the Shiba Inu project is not Ryoshi, but the development of a crypto project that can beat the competition like Bitgert. Bitgert could continue to increase the selling pressure of SHIB.
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