• Shabu Town Shibas is a non-fungible token collection built on the Ethereum network launched in 16 August, 2021.
• The market capitalization of Shabu Town Shibas NFT collection is 0 ETH and the 30-day trading volume is kept at 0.09 ETH.
• It is difficult to determine whether NFTs from the Shabu Town Shibas collection are overpriced or underpriced, as it depends on how the Shabu Town Shibas collection is developed and promoted by its creators and community.
Overview of Shabu Town Shibas
Shabu Town Shibas is a non-fungible tokens (NFT) collection built on the Ethereum network launched in 16 August, 2021. 9,981 items of the Shabu Town Shibas collection can now be viewed at OpenSea and have 3198 owners within 576 days since its release.
Market Capitalization and Trading Volume
The market capitalization of Shabu Town Shibas NFT collection stands at 0 ETH with 7,193 collections sold at an average price of 0.17 ETH (~$280.90 at the time of writing). This created a total volume in 1,213.524 ETH with a floor price of 0.004 and a 30-day trading volume kept at 0.09 ETH; payment tokens include ETH, DAI, WETH, USDC, SHIB.
Valuation of NFTs
NFTs are very new to blockchain ecosystem so there is no historical data or precedence that can assist in determining their value yet; however some projects have benefited from first mover advantage while others were purely made out of greed for exploitation which means they have no value or are considered garbage assets.
Assessment for Shabu Town Shibas Collection
It is difficult to determine whether NFTs from the Shabu Town Shibas collection are overpriced or underpriced due to lack of precedence and history in this emerging market as well as how it’s developed and promoted by its creators and community influencing its price too .
Examples from Collection
Four examples from this series are: #0 , #1 , # 2 , #3