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Shiba Inu coin is without a doubt one of the most popular cryptocurrencies in the market. Recently, it has been making headlines covering various issues such as huge spikes in price, the launching of the first Shiboshis NFT, and the announcement of venturing into the gaming world.
These innovations make some of the reasons why Shiba is one of the biggest cryptocurrencies in the market today. Ranking as the 12th largest in market valuation.
Although the coin is currently on a bearish trend, most analysts believe these services will be key in turning the tide towards the $0.0001 price value.
In the last few weeks, the coin has lost 50% of its value. However, this is not in isolation as the whole cryptocurrency market is in a bear trend. More so the major currencies.
Shiboshis NFT Tokens
The Shiba NFT Tokens is a group of 10,000 digital images fully generated on the Ethereum network that was launched in mid-October. Their release was in three batches attracting different pricing per batch.
All the tokens were taken up within a few hours of their release. An indication of market acceptance. The Shiba Inu Shiboshis tokens are tradable on the ShibaSwap platform. ShibaSwap is the platform that facilitates the transaction of Shiba products.
NFT concept has become a part of the crypto industry. They were first introduced by Ethereum in 2015. Today, most crypto networks are working to have their tokens.
This is because the industry has become a multi billion sector with users finding value in trading in digital assets.
Effects of NFT on Shiba Coin Price
Since their launch, the Shiboshis transactions have become a multi million industry. It is also the platform Shiba plans to use in launching its Shiboshis games.
The combination of these elements will be key in boosting the coin’s price. As more users adopt the digital assets, transactions are bound to increase resulting in more value and commissions for the Shiba investors. This will be a key driving force towards getting the price of SHIB to $0.0001
Shiba Inu SHIBOSHIS Games
The recent announcement by the coin regarding a plan to roll out the first Shiba network games is exciting the market.
The announcement that David Volk is joining the team is an indicator of how serious the developers are taking this project. David is a games developer with over 30 years of experience developing games.
He was the Vice president of tech in Activision. A top gaming company in the unites states.
The use of NFTS in gaming is revolutionary and will be key in the growth of the Shiba Inu coin.
Revenue generated from these services will help boost the price of SHIB.
Future of the Shiba Price
Although Shiba’s price has been on a fall this month, the progress in the Shiba Inu Shiboshis NFT and Gaming sectors is likely changing the trend. Analysts agree there could be a rally soon.
Future of the Crypto industry is evolving and such solutions will form part of the future. For the coin to achieve the $0.0001 price tag, these components have to succeed.