Shiba Inu NFTs Drop 70% Since Their All-Time High

Shiba Inu NFTS drop 70% from their all-time high while the non-fungible tokens continue to make headlines but it seems that not all projects are maintaining their popularity so let’s read more in today’s latest altcoin news.

One of the most hyped drops that took place last year was Shiboshis, a Shiba Inu NFT which dropped over 70% since its all-time high and this was the official NFT for the SHBI Team as one of the most popular memecoins. The reports showed that in early 2021, the Shiboshis is a collection of 10,000 non-fungible tokens and depicted lovable creatures. The sale happened in November 2021 and each NFT was minted at a different price from 0.1 ETH to 0.3 ETH.

shib daily — SHIB 24-hour Price Chart (Source: Coingecko)

At the time of writing, the floor price of the collection sits at 0.65 ETH which is a good return. However, it is interesting to note that the current rate is over 70% below the ATH of the average sale price which was seen back on November 6th. Back at that time, the average price that Shiboshis were selling for was 2.5 ETH as per the data from OpenSea. This had much to do with the overall depressing price action of SHIB over the past few months and the crypto is trading 71% below its ATH. Of course, it is worth noting that the coin is up 44 million percent from its all-time low which was recorded in 2021.

As recently reported, AMC Theaters is officially accepting DOGE And SHIB for online payments for tickets and the move came a week earlier than anticipated. The largest movie chains in the world announced they will start accepting the two popular memecoins for tickets on March 19^th. Now, the CEO of the company Adam Aron announced on Twitter that DOGE and SHIB now are accepted a week earlier.

The CEO of AMC theaters confirmed that the company will introduce DOGE and SHIB payments later this month. After speculating that it will add the two biggest memecoins as payment methods, AMC Theatres confirm that they will add DOGE and SHIB by March 19^th. Mobile users will be able to utilize Shiba Inu and DOGE for payments in mid-April.

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