Summary
TLDR: Sheboshi tokens are being rolled out in the Shibarium ecosystem, affecting short-term investment potential of Shiba Inu (SHIB). Sheboshi NFTs are leveraging the DN404 standard, offering liquidity and rarity. SHIB has faced a bearish death cross due to high US CPI, but positive factors include selling out of Sheboshi NFTs and whale buying. Developers are aiming to upgrade Shibarium by the end of 2025, but the token’s price may face volatility in the short term.
Key Points
1. Sheboshi NFTs have sold out, leveraging the Divisible NFT (DN404) standard, offering liquidity of ERC-20 tokens and rarity of ERC-721 tokens.
2. Shiba Inu (SHIB) developers are eyeing the end of 2025 for completing the upgrade of the Shibarium ecosystem, aiming to move SHIB beyond meme hype into practical utility.
3. SHIB price faces bearish pressure due to US inflation data, with the potential of a short-term bearish reversal indicated by the convergence of the 200 and 50-day moving averages (death cross).