Everything related to the Shiba Inu (SHIB) cryptocurrency appears to be increasing in value over the last few weeks. Shiboshis are also experiencing a surge in demand.
Shiboshis are the Shiba Inu ecosystem’s native non-fungible tokens (NFTs), as ULTCOIN365 reported earlier this month. These are 10,000 digitized creatures that went on sale about ten days ago, causing a massive surge in demand. According to the official post, NFTs cost between 0.1 and 0.3 ETH depending on when they were minted, and each wallet could only mint a maximum of 10 Shiboshis.The whole thing was over in less than 35 minutes, and as many people predicted, Ethereum fees skyrocketed, with users reporting minting fees of up to $700 per one NFT. Nonetheless, the event was a success, as evidenced by the subsequent listing on secondary markets. Shiboshi holders can currently enjoy profits ranging from 300 percent to 900 percent, depending on when they managed to mint. This is due to the fact that the floor price of the Shiboshi NFT series on OpenSea is currently around 1.1 ETH – up more than 30% in the last few days alone.