Shiba Inu, positioned as the most significant meme coin on the Ethereum blockchain, has consistently been in the news due to its developments since last year. Today, it seems that SHIB’s progress is not slowing down, as it was announced that the Sheboshi NFTs will be released shortly. The upcoming Sheboshi will play a role in enhancing the previously released Shiboshi NFTs by Shiba Inu.
Shytoshi Kusama Highlights Sheboshi NFTs
Following the news about NFTs, all eyes turned to the SHIB price. SHIB did not disappoint investor expectations and reflected its rise in the market. According to data provided by 21milyon.com, the SHIB price was in the positive zone at the time of writing, reflecting the strength gained from BTC’s rise above $50,000 and the anticipation of the upcoming NFT launch.
Shiba Inu’s lead developer, Shytoshi Kusama, stated on February 13 that the Sheboshi NFTs would be launched, marking another innovative step in the ongoing development of the Shiba Inu ecosystem since last year.
Kusama’s announcements did not end there. In addition to the NFT launch, Kusama shared some details hinting at a potential announcement on Valentine’s Day, February 14. Meanwhile, Kusama emphasized that the Sheboshi initiative would be similar to the Shiboshi.
On the other hand, the number of daily transactions on Shibarium reached a new peak. With Bitcoin‘s rise, the transaction volumes increased, and the L2 blockchain data reached approximately $2 million in transactions at the time of writing.
What Will Happen to Shiba Inu’s Price?
Following Bitcoin surpassing $50,000, Shiba Inu’s price also experienced a 3.43% increase in the last 24 hours and was trading at $0.0000960 at the time of writing. Additionally, weekly reviews of the token revealed a 7.93% increase.
The ongoing rise, which started in recent days and continues today, could be interpreted as the fruit of the relentless progress within the SHIB ecosystem, as seen above. During this period, the crypto’s movement towards a rise to $0.00001 seems to have been revived.
It appears that the Shiba community’s commitment to the cryptocurrency has increased in light of recent developments, as well as an increase in token burns specific to the token.
