- Shiba Inu (SHIB) is up 17% in the past week.
- Shiba Inu’s rally is expanding beyond its native token, SHIB, with companion tokens such as LEASH and BONE.
In a remarkable rebound, Shiba Inu (SHIB), the famous meme coin, has recovered from recent losses and is up 17% over the past seven days, currently trading at $0.00002524. This resurgence follows significant growth within the Shiba Inu ecosystem in the first quarter of 2024, with SHIB, along with its companions Doge Killer (LEASH) and Bone ShibaSwap (BONE), witnessing significant price increases.
Furthermore, widely used cryptocurrency trading platform Robinhood has added Shiba Inu to its roster. SHIB is now available to Robinhood customers living in New York State.
What is causing the current Shiba Inu trend?
The recent launch of the Shiboshi NFT collection is a key driver of this growth. Consisting of 10,000 unique NFTs recorded on the Ethereum blockchain, this collection is inspired by the Shiba Inu token and captures the essence of digital collectible art within the crypto space.
Shibashis NFT Collections (Source: Open sea)
The launch of Shiboshi marks a significant milestone in the NFT arena as it embraces the DN404 standard and demonstrates the community’s commitment to innovation and creativity. These NFTs offer distinctive digital assets, introducing a new concept of ownership and liquidity through hybrid tokens, while also facilitating fractional ownership, increasing accessibility and investment opportunities.