TL;DR Breakdown
- Next week, the SHIB team is getting ready to launch their NFT collection, Shiboshi.
- The collection contains 10,000 NFTs which can be bought using LEASH and ETH.
- Fans get ready to buy the NFTs in the first 24 hours with LEASH tokens.
Shiba Inu’s business is not over yet, as there are plenty of opportunities to grab. As Christmas approaches, the Shiba Inu platform plans on releasing new Non-Fungible Tokens (NFTs) called Shiboshi.
The price movement of Shiba Inu continues to be bullish as the prices soared by more than 17% on 11th October. In the past week, the coin prices rose by more than 205.9%, claiming a price of $0000.3528.
Shiba Inu’s dominance continues to prevail in the altcoins market as the market cap rose by 14.14%, standing at 12.3 billion USD. But, the majority of people remain speculative about the growth of this currency, considering it a meme token.
Shiboshi: the next step
If you are into NFTs, you must be knowing about CryptoPunk NFTs, the ones that have sold for billions of dollars. Shiba Inu army has come up with Shiboshis that are CryptoPunk-inspired NFTs.
It can be expected that 10000 of these NFT tokens will be dropping by next week or sooner. According to the announcement, the Shiboshi tokens can only be bought with the help of LEASH tokens for the first 24-hours, after which ETH can also be used for payments.
The Shiba Inu army is certainly bullish on the token after this announcement, as the NFTs can be bought here. You can trade or buy Shiboshis here and are authorized to sell your tokens on third-party marketplaces like OpenSea.
Another important information that one needs to know is that the first 3,000 Shiboshi will cost 0.1 ETH, the next 5,000 will sell at 0.2 ETh, and the last 2,000 will trade at 0.3 ETH.
Naming your Shiba Inu NFTs
What makes Shiboshis valuable is their naming, i.e., a single Sibhoshi can be only named once. Initially, they will be named generically, like 00001 but can be renamed for $100 paid in SHIB token.
However, it should also be noted that every time one renames these Shiboshis, the 100 USD will be burned to the SHIB burn wallet.
However, each Shiba Inu NFT can only be named once, and there are no renames offered. Furthermore, each name can only exist once throughout the SHIB Oshiverse.
Are you bullish on Shiba Inu this winter?
Shiba Inu’s new project in the NFT space has raised waves of excitement in the entire SHIB community. The fans are ready with their LEASH tokens to buy these NFTs in the first 24-hour of the sale.
In a recent statement, crypto expert, Liam Andrew Wright, commented on Shiba Inu, Dogecoin, and other meme tokens.
I am saying that these projects have risen due to social media hype and community momentum…Doge is the epitome of hype play, and without Elon Musk, it would unlikely be in the place it is today
Liam Andrew Wright
Wright expressed a common perception among analysts that social media hype is overpowering the fundamentals.
Despite these remarks, Shiba fans remain bullish on the coin, anticipating the release of Shiboshis. Shiba Inu’s much-awaited venture into the NFTs is a historic event for the token, as Elon Musk continues to support these tokens with his Tweets. Shiboshis are dropping next week. Are you in it to win it?
