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Shiboshi NFT Price Prediction - Value of Shiba Inu NFTs
These adorable Shiba dog NFTs were released in the fall of 2021 and sold out in a little over half an hour! They are more than cute canine characters — the NFTs (non-fungible tokens) will have utility in the growing ecosystem. Not all cute NFTs will amount to high-value returns, but will Shiboshi? We have a Shiboshi NFT price prediction to answer that question.
What Are Shiboshi NFTs?
There are a total of 10,000 Shiboshis minted that all sold out within 35 minutes of launching. Built on the Ethereum blockchain, these cute Shibas sport unique traits that determine the Shiba’s ability in the Shiboshi Game. Don’t worry, you can still get your hands on one on a secondary marketplace like Opensea.
From what we see now, prices for the most affordable Shiboshis on Opensea are around 0.5 ETH, which is now priced higher than what they sold for, from 0.1 to 0.3 ETH.
What Are They For?
Purchasing a Shiboshi will give you access to the exclusive Shiboshi Social Club with perks such as direct access to the devs and first-hand news on the developments roadmap.
Then there is the Shibverse, which is a metaverse within the Shiba Inu Shiboshi ecosystem. Looking at Shiboshi’s website, we can see that they fully intend to integrate the NFTS into their game.
The traits your Shiba has will “enhance its base level abilities” as they state. There are 5 categories: Evasion, Attack, Life Force, Skill and Luck. The marketplace hasn’t opened on Shibaswap, the website, but when it does, you can start building an effective Shiba deck with Shiboshis.
Shiba Inu Shiboshi Value Prediction
Just by looking at the success of Dogecoin, we can see that people generally love cute characters. A lot of NFT collections go for the cutesy vibe, and Shiboshi is definitely up there on the adorable scale. By looks alone, the Shiba Inu NFT can probably fetch a good price, but when you also consider the utility and exclusivity, then we think there is a recipe for high returns.
Shiboshi has a ton of growth potential, especially since it hasn’t fully completed everything in its roadmap. When the Shibverse and game fully launch and the marketplace opens, we believe these NFTs will be very valuable indeed.
There are only 10,000 in circulation, which is really not a lot considering there are around 1 million Shiba supporters (dubbed ShibArmy), which definitely increases the demand. Knowing this, the people behind Shiboshi will potentially introduce new collections in the future, but they most likely won’t be expanding on the existing collection (but maybe a 2nd series?).
They hint that there will be enough Shiboshis for all players (there are definitely more than 10,000), so we’re anxious to see what’s in the works.
We can already see price increases on the secondary market for Shiboshis as we said before, with the floor price currently on Opensea being 0.55 ETH. The highest prices listed are over a billion ETH, so we’re thinking they are just trolling since we really think no one will buy that. But it’s interesting to see that they can be listed for a few thousand ETH, which is a good chunk of change in fiat.
Purchasing NFTs on the secondary market is always a risk because you don’t really know what price is reasonable, so it’s always your best bet to purchase them during the initial drop. It’s difficult to get the low-down on drops and what’s in the pipeline without a trusted source, but NFT Drops is as reliable as they come.
FAQ
• How much will a Shiboshi NFT cost?
Shiboshi NFTs cost 0.1 to 0.3 ETH and are more than that on the secondary market. There is no telling the ceiling of what Shiboshis could be worth in the future, but for now, we can already see a price increase on marketplaces such as Opensea, which currently has a floor price of 0.55 ETH.
Read also: NFT Price Prediction
• Where can I get Shiboshi NFT?
You can get Shiboshi NFTs on Shibaswap (when the marketplace opens), and also on secondary marketplaces. Buying and trading Shiboshis will only incur gas fees on Ethereum. It’s important to factor in those costs because Ethereum transaction fees are expensive.
Conclusion
We have high hopes for the Shiboshi NFT price prediction and we believe the prices will soar when the game and Shibverse fully take form. Shiboshi is a collection of 10,000, which definitely isn’t enough for the 1 million and counting supporters, but we can look forward to future developments and new NFT mints.
