Shiba Inu NFT collection Shiboshis is down 70% since their ATH

NFT continue to make headlines, but it seems that not all project can maintain their previous valuations. One particularly hyped drop that took last year The SHiboshis is down over 70% since its all-time high. This is the official NFT project of the Shiba Inu team one of the most popular meme coins. 

Shiba Inu NFT collection Shiboshis is down 70% since their ATH

The Shiboshis a collection of 10,000 non-fungible tokens depicting 'lovable creatures.'

The sale took place in November 2021 and each NFT was minted at a different price spared from 0.1 ETH to 0.3ETH

The floor price of the collection sits at 0.65 ETH, which is undoubtedly a good return. 

It's interesting to note that the current rate is over 70 % below the all-time high of the average sale price that was seen back on November 6th 

According to OpenSea, The average price that Shiboshis were going for was 2.5 ETH 

This has probably much to do with the overall depressing price action of SHIB in the past months. in fact, the cryptocurrency is trading 71% below its ATH. 

Also worth noting is that SHIB is up 44 million percent from its all-time low that was recorded over a year ago.

Read: Memecoin market becoming trend again as Shiba Inu surges 22% in 24 hour