• Shabu Town Shibas is a non-fungible tokens collection built on the Ethereum network.
• There are currently 3,198 owners of the Shabu Town Shibas collection and 7,193 collections sales have been made since its launch.
• Determining whether NFTs from the Shabu Town Shibas collection is overpriced or underpriced can be difficult without more market development.
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. The total number of owners has reached 3198 within 576 days since its release and 7,193 collections sales have been made at an average price of 0.17 ETH (~$280.90 at the time of writing). The payment tokens of the Shabu Town Shibas collection are ETH, DAI, WETH, USDC and SHIB.
Price and Sales
The market capitalization of Shabu Town Shibas NFT collection is 0 ETH with a floor price of 0.004 and 30-day trading volume kept at 0.09 ETH. This created a total volume in 1,213.524 ETH for this NFT Collection since it was created.
Why Are Some NFTs Expensive & Others Not?
NFT projects that started at the beginning of the market boom have garnered legitimacy purely because they had a first-mover advantage while other projects have been made purely out of greed and exploitation making them ultimately worthless as they lack value to begin with. It all depends on how well these NFTs are developed and promoted by their creators and community to determine their worthiness in terms of pricing points in the marketplace.
Is The Shabu Town Shibas Collection Over or Underpriced?
It is difficult to determine whether NFTs from the Shabu Town Shibas collection is overpriced or underpriced without more active market development for NFTs and metaverses due to its infancy stages as an emerging market without any historical data or precedence that could assist in determining their value points accurately yet .
Shabu Town Shibas Examples
Some examples from this NFT Collection include: #0#1#2#3 . Fees for buyers/sellers include buyer fee to dev: 0 basis points Seller fee to dev: 9%