- Shiba Inu (SHIB) has soared 17% in the past week.
- The rally of Shiba Inu extends beyond its native token, SHIB, with companion tokens like LEASH and BONE.
In a remarkable resurgence, Shiba Inu (SHIB), the famed meme coin, has recovered from recent losses and soared by 17% in the past seven days, currently trading at $0.00002524. This resurgence comes on the heels of significant growth within the Shiba Inu ecosystem during the first quarter of 2024, with SHIB, alongside its companions Doge Killer (LEASH) and Bone ShibaSwap (BONE), witnessing substantial price hikes.
Further, the widely-used cryptocurrency trading platform Robinhood has added Shiba Inu to its roster. SHIB is now available for Robinhood customers residing in New York State.
What Triggers Shiba Inu Current Trending?
The Shiboshis NFT collection’s recent launch is a key driver behind this growth. This collection, consisting of 10,000 unique NFTs recorded on the Ethereum blockchain, is inspired by the Shiba Inu token, encapsulating the essence of digital collectible art within the crypto world.
Shibashis NFT Collections (Source: OpenSea)
The launch of Shiboshis marks a significant milestone in the NFT arena, as it embraces the DN404 standard, showcasing the community’s dedication to innovation and creativity. These NFTs offer distinctive digital assets, introducing a novel concept of ownership and liquidity through hybrid tokens, while also facilitating fractional ownership, thus enhancing accessibility and investment opportunities.