Non-fungible NFT tokens continue to make headlines on tech and crypto news sites, but it seems that not all NFT projects can maintain their previous ratings.

One of the big drops that took place last year was related to the non-fungible token “The Shiboshis,” which has fallen more than 70% since its all-time high.

“The Shiboshis” is the official NFT project of the “Shiba Inu” team which is one of the most popular meme projects in the crypto arena.

Exactly back in 2021 came the Shiboshis, which are a set of 10,000 non-fungible tokens depicting the lovable beings of the Shiba Inu dogs.

These non-fungible tokens were sold in November 2021, and each NFT was minted at a different price ranging from 0.1 ETH to 0.3 ETH.

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At the time of writing this article, the minimum price for the combination is 0.65 ETH, which is undoubtedly a good return.

But it is interesting to note that the current rate is 70% lower than the all-time high of the average selling price last seen on November 6.

At the time, the average price of Shiposhis was estimated at 2.5 ETH according to OpenSea data.

This likely has a lot to do with the overall disappointing price movement of the SHIB cryptocurrency in the past months.

But it is also worth noting that the SHIB price is up 44 million percent from its all-time low that was recorded over a year ago, and the coin is currently trading at 0.00002371, up 5% in the last 24 hours.

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