NFT tokens are still being talked about today. But it doesn’t seem like every project can be worth it. And it caused a particularly dramatic drop that occurred last year – The Shiboshis – which have dropped more than 70% since hitting a record high. Although this is the official NFT project of the Shiba Inu team, one of the most popular memes.
Shiboshis is a collection of 10,000 NFT tokens showcased ‘cute creatures’ with a sale in November 2021, and each NFT is being generated at different prices ranging from 0.1 ETH to 0.3 ETH.
However, at the time of writing this article The base price of the collection is 0.65 ETH, which is undoubtedly a good return.
But at the current level, it is 70% below the all-time high of the average trading price dating back to November 6th.
If going back then The average price is 2.5 ETH –followData from OpenSea
This may be related to the overall low price movement of the SHIB token over the past several months. which in fact It is trading 71% below ATH.
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