It appears that everything related to the Shiba Inu (SHIB) cryptocurrency is appreciating in value over the past couple of weeks. Now, the Shiboshis are also seeing a strong wave of demand.
As CryptoPotato reported earlier in October, Shiboshis represent the native non-fungible tokens (NFTs) of the Shiba Inu ecosystem.
These are 10,000 digitized creatures that were set for sale about ten days ago and caused a serious wave of demand.
Based on the official post, the NFTs cost between 0.1 ETH and 0.3 ETH depending on when people minted them, and each wallet could mint only a maximum of 10 Shiboshis.
The entire thing was over in less than 35 minutes, and, just as many people guessed, the Ethereum fees skyrocketed, and users reported minting fees upwards of $700 per one NFT.
Nevertheless, the event was successful, and we also saw the subsequent listing on the secondary markets.
Right now, Shiboshi holders can enjoy profits in the range between 300% and 900%, depending on when they managed to mint.
This is because the floor price of the Shiboshi NFT series on OpenSea currently sits at around 1.1 ETH – up more than 30% in the past few days alone.
This is how some of the Shiboshis look like:
Source: OpenSea
OhNoRipple via https://www.ohnocrypto.com/ @George Georgiev, @Khareem Sudlow
Shiba Inu (SHIB) NFTs Surge as Floor Price Now Sits Above 1 ETH
Reviewed by Khareem Sudlow
on
October 25, 2021
Rating: 5
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