Things Are Not Going Well at Shiba Inu Supporting NFT Project

Shiba Inu, the famous fast food chain wellyIt gave power to the first NFT project to be presented as a prize. The ‘mint phase’ of the NFT project started on 9 June.

shiba inuAlthough coin has launched an important NFT project for the ecosystem, things are not going well for the native token SHIB. Since the price of the famous meme coin could not recover at the desired level, the downward trend in the price seems to continue, and according to analysts, this decrease may reach 20%.

Shiba Inu Invites Users to Eat Fast Food on Web3

Adrian San Vicente The “Eat Wellys” NFT collection, designed by , contains 10,000 NFTs, each with different qualities and combinations. NFTs include a total of 140 attributes, including normal, rare, and unique, and publication will take place in different stages.

Phase one of Mint launched on June 9, 2022 at 20:00 UTC and in a twelve-hour period, even though LEASH and Shiboshi holders are locked in stock. Welly NFTcan print . During the final twelve hours of the phase, BONE and Shiba Inu owners are specially invited to print fast-food NFTs. The second phase will be launched at the end of the first phase and the third phase will take place in the form of a public sale.

The NFT project is important to the ecosystem as it is the first collection directly linked to a real-world business, Welly food joint, powered by Shiba Inu. The collection is available for sale on OpenSea, a peer-to-peer marketplace.

Despite this positive development, according to analysts who did not see a recovery in the price, the Shiba Inu price may decrease further. According to analysts, the price may lose 20% after this downtrend.

You can follow the current price action here.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.


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