The non-fungible coin continues to make headlines, but it seems that not all projects can maintain their previous valuations. One particularly publicized drop that occurred last year – Shiboshi – is down more than 70% from all-time highs. This is the official NFT project of the Shiba Inu team – one of the most popular Memecoin.
- cryptopotato Previously reported on Shiboshi in 2021: a collection of 10,000 non-fungible tokens depicting ‘cute creatures’.
- The sale took place in November 2021, and each NFT was minted at a different price ranging from 0.1 ETH to 0.3 ETH.
- At the time of writing this, the minimum price of the collection is 0.65 ETH, which is undoubtedly a decent return.
- However, it is interesting to note that the current rate is over 70% from the all-time high of the average selling price seen on November 6.
- At the time, according to OpenSea data, the average price of Shiboshi was 2.5 ETH.
- This probably has a lot to do with SHIB’s overall disappointing price action over 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 it recorded a year ago.
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