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    Home » Crypto News » Shiba Inu NFTs (Shiboshis) Down 70% Since Their ATH

    Shiba Inu NFTs (Shiboshis) Down 70% Since Their ATH

    Author: George Georgiev

    Last Updated Mar 19, 2022 @ 17:12

    Shiba Inu NFTs – the Shiboshis – are down over 70% since their all-time high.

    Non-fungible tokens continue to make headlines, but it seems that not all projects can maintain their previous valuations. One particularly hyped drop that took place last year – The Shiboshis – is down over 70% since all-time high. This is the official NFT project of the Shiba Inu team – one of the most popular memecoins.

    • CryptoPotato reported earlier in 2021 on the Shiboshis: a collection of 10,000 non-fungible tokens depicting ‘lovable creatures.’
    • The sale took place in November 2021, and each NFT was minted at a different price spanning from 0.1 ETH to 0.3 ETH.
    • At the time of this writing, the floor price of the collection sits at 0.65 ETH, which is undoubtedly a good return.
    • However, it’s interesting to note that the current rate is over 70% below the all-time high of the average sale price that was seen back on November 6th.
    • Back then, the average price that Shiboshis were going for was 2.5 ETH – according to data from OpenSea.
    • This has probably much to do with the overall depressing price action of SHIB in the past months. In fact, the cryptocurrency is trading 71% below its ATH.
    • Of course, it’s also worth noting that SHIB is up 44 million percent from its all-time low that was recorded over a year ago.
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    Tags: Shiba Inu (SHIB)
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    About The Author

    George Georgiev
    More posts by this author

    Georgi Georgiev is CryptoPotato's editor-in-chief and a seasoned writer with over four years of experience writing about blockchain and cryptocurrencies. Georgi's passion for Bitcoin and cryptocurrencies bloomed in late 2016 and he hasn't looked back since. Crypto’s technological and economic implications are what interest him most, and he has one eye turned to the market whenever he’s not sleeping. Contact George: LinkedIn

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