The Shiba Inu (SHIB) ecosystem achieved a significant milestone with the recent launch of its highly anticipated NFT, SHEboshi, following the ERC-404 token standard. This NFT release has garnered substantial global interest, positioning the Shiba crypto community to introduce numerous innovative features within the Shiba Inu ecosystem and reshape Shibarium’s landscape.
Despite the significant launch of SHEboshi to enhance the meme coin’s tokenomics, the Shiba Inu coin experienced high volatility today, mainly trending in the red at the current time. The derivative data also raised speculation, hinting at a forthcoming consolidatory phase.
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At the time of writing, the Shiba Inu Coin price has decreased by 1.31% in the last 24 hours and is currently trading at $0.000009679. The data from CoinMarketCap, the Shiba Inu meme coin indicated a decrease in open interest, while volume surged. This trend suggests an upcoming consolidatory phase.
SHEboshi: Revolutionizing the Game
The Shiba Inu crypto community has highlighted data indicating that the SHEboshi minting process will take place on the Ethereum blockchain network. This aligns with the experimental nature of the DN404/ERC404 standard, SHEboshi.
The SHEboshi project’s presence on both Shibaswap and Uniswap positions it for significant growth and opportunities.
Moreover, in alignment with a post from LUCIE, the marketing lead for Shiba Inu, eligible Shiboshi holders have already been granted SHEboshis, each valued at approximately 0.14 ETH. Following this, LEASH holders are positioned to be the next beneficiaries of this launch.
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The claiming period for all Shiboshi holders is coming to an end. LEASH holders have a 24-hour time to claim the ERC-404 token. After this, the public sale for SHEboshi will start, opening up a revolutionary opportunity for the general public to participate.
How High Will SHIB Go in 2024
According to our price and technical analysis, the Shiba Inu Coin will reach a maximum price level of $0.0000329 with an average price value of $0.0000298 by the end of 2024. If there is any bearish event in the market or any major negative news surrounding the Shiba Inu ecosystem, then the value of the SHIB Coin can fall as low as $0.0000279 in 2024.
Also Read: Shiba Inu (SHIB) Price Prediction
Disclaimer: The information in this article should not be considered anything as financial advice, and the OvenAdd platform is intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.
