SHEboshi token swiftly made its way onto CoinW exchange in less than 24 hours after being completely sold out. This rapid listing demonstrates the growing interest and market momentum surrounding this new asset within the Shiba Inu ecosystem.
SHEboshi, the latest addition to the Shiba Inu ecosystem, has achieved its first exchange listing on CoinW, a cryptocurrency exchange based in Dubai. This milestone was achieved in less than 24 hours after the token’s sell-out, highlighting the increasing interest and market momentum of this new asset.
Within less than 24 hours of selling out, SHEboshi has already secured its first listings. It seems that everyone is unable to resist the allure of SHEboshis
#SHIBARMY
is always
#SHIBARMY
https://t.co/NXFhM5cTNZ
— Shib (@Shibtoken)
February 23, 2024
SHEboshi is a DN404 token that combines the functionalities of ERC-20 and ERC-721 standards on the Ethereum platform. It has quickly gained attention with its swift listing on CoinW. Trading of SHEB/USDT pairs on CoinW began on February 23, 2024, at 13:00 (UTC), introducing the token to its MEME & NFT trading segment. While trading started immediately, deposits and withdrawals of the token were temporarily paused until February 24 to ensure a smooth operational rollout.
This rapid listing is a testament to the appeal of the SHEboshi token and the efficiency of the Shiba Inu team in taking advantage of the dynamics of the crypto market. The team’s strategic decision to provide early minting access to SHEboshi tokens for Doge Killer (LEASH) holders likely contributed to the quick sell-out and subsequent successful listing.
CoinW’s promotional campaigns have further sparked interest in SHEboshi. To celebrate the token’s listing, CoinW has launched a $5,000 giveaway campaign from February 23 to March 1, 2024. The campaign features three promotional tiers designed to engage users in various activities, including signing up, depositing SHEB, participating in trading competitions, and social media contests.
This promotional strategy increases the visibility of SHEboshi and incentivizes user participation and engagement on the CoinW platform, potentially leading to higher trading volumes and liquidity for SHEB.
The Shiba Inu team is excited about the quick exchange listing of SHEboshi, underscoring the token’s strong entry into the market. Following its launch, SHEboshi experienced a significant price surge, with its value increasing by over 113% in just 24 hours. This impressive performance indicates high demand for the token and positive market sentiment.
Currently, SHEboshi collectibles are available for trade on OpenSea, with a minimum price of 0.175 ETH, representing a combined value of over $10 million. It is worth noting that Shiba Inu-themed non-fungible tokens (NFTs) have previously garnered attention. In 2021, the creators introduced 10,000 digital collectibles featuring adorable creatures called Shiboshis. These NFTs were quickly generated and sparked immense demand. Initially priced between 0.1 ETH and 0.3 ETH, their value quickly surged to over 1 ETH. However, interest in the collectibles gradually declined in the following months, leading to a price decline of over 70% by Q2 2022. The minimum price for Shiboshi NFTs is now approximately 0.172 ETH, representing an 85% decrease from their peak value in November 2021.
The exchange listing of SHEboshi is being celebrated by the Shiba Inu team as a significant achievement, highlighting its potential to drive further growth within the SHIB ecosystem.
Furthermore, the Shiba Inu ecosystem has experienced a significant increase in activity, with whale transactions rising by over 450% and daily activity by more than 25%. Currently, Shiba Inu is trading at $0.000009518 with a slight increase of 1.025.
As SHEboshi continues to gain traction, the future prospects for the Shiba Inu price look promising, with analysts predicting a potential upswing towards the $0.000015 mark in the coming weeks. However, investors and traders are advised to monitor key resistance levels and the support buy-wall at the 20-day SMA price to navigate the market dynamics effectively.