KEY HIGHLIGHTS
- Shibacals and Busta Rhymes Collaboration: Shibacals, part of the Shiba Inu ecosystem, plans to launch ‘Celebrities NFT Collectibles’ in collaboration with renowned rapper Busta Rhymes.
- NFT Launch During Market Slump: The upcoming NFT launch with Busta Rhymes creates intrigue in the digital token world, especially as it coincides with a slump in the NFT market.
- Chooky feat. Busta Rhymes Collection: The NFT collection, named ‘Chooky feat. Busta Rhymes,’ is set to be released on December 20, 2024, adding to the excitement surrounding the collaboration.
- Busta Rhymes’ Promotion and Limited Edition Claim: Busta Rhymes actively promoted the NFT launch, emphasizing its status as an authenticated limited edition, adding a layer of exclusivity to the collection.
- Shiba Inu Crypto Resurgence: Despite a bearish trend since May, the Shiba Inu cryptocurrency has experienced a recent resurgence, with a 4.54% daily increase, 23.85% weekly gain, and 20.92% monthly surge.
- Community Burn and Speculation: The Shiba Inu community’s active involvement, including significant burns of SHIB tokens, contributes to the token’s positive momentum. The lead developer also highlights growing speculation on SHIB and BONE burn on Shibarium.
Shibacals, a unique element in the Shiba Inu ecosystem, has recently unveiled plans for the release of a collection of NFTs, referred to as ‘Celebrities NFT Collectibles.’ This launch is a collaborative effort with the renowned American rapper and songwriter, Busta Rhymes, also known as Trevor George Smith Jr., who holds significant influence worldwide.
The announcement of this NFT collection has generated substantial interest within the digital token community, particularly as it coincides with a period of decline in the NFT market. However, LucieSHIB, a prominent figure in the Shiba Inu ecosystem, provided insights into the upcoming NFT launch.
Taking a closer look at the collaboration, Shibacals, supported by the Shibarium ecosystem, disclosed the launch date for the NFT collection on December 9. The collection, named ‘Chooky feat. Busta Rhymes,’ is scheduled for release next year, specifically on December 20, 2024.
Notably, Busta Rhymes promoted the collaboration by sharing news of the NFT launch on an X post. He emphasized that the collection is an authenticated limited edition, adding an extra layer of intrigue to the NFT space.
This launch aligns with the recent resurgence observed in the Shiba Inu cryptocurrency.
Shiba Inu’s Revival
As of the current writing, the price of Shiba Inu has experienced a 4.54% increase over the past day, reaching $0.00001041. Over the last week, the token has shown substantial gains, rising by 23.85%, and a monthly surge of 20.92%.
Analyzing market charts, the token had been in a bearish trend since May of this year. However, due to significant efforts from the Shiba Inu crypto community, the token seems to have revitalized. Additionally, there has been a notable burning of SHIB within the community, as evidenced by recent breakthroughs. Shytoshi Kusama, the lead developer of Shiba Inu, has also highlighted the increasing speculation surrounding SHIB and BONE burn on Shibarium.
Despite these developments, the crypto market is closely watching the upcoming NFT launch by the Shiba Inu community, as it adds a positive dimension to the outlook of the SHIB token in the future.
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