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Should you buy SHIB after Bugatti Group partnership sparks interest and leads to a 17% increase

By: Invezz

Shiba Inu (SHIB/USD) has conducted a strategic partnership with Bugatti Group to release a very limited edition collection of NFTs dedicated to The Shiboshis NFT genesis holders.

Shiba Inu is a decentralized and community-driven cryptocurrency developed as an ecosystem built on top of the Ethereum (ETH/USD) blockchain. It began as a meme-coin. However, it evolved its ecosystem to feature a wide range of services and products. 

The Bugatti Group partnership as a catalyst for growth

In the latest Shiba Inu news, through a Twitter thread on January 11, 2023, the Shiba Inu team revealed details surrounding the partnership with the long-standing luxury accessory as well as luggage brand Bugatti Group.

Bugatti Group will host a “mint party:” that aims to introduce a collection of non-fungible tokens (NFTs), as well as physical items for The Shiboshis NFT genesis holders.

The Twitter space will occur at midnight UTC throughout January 15, 2023.

There will be a total of 299 limited releases and one exclusive first edition release.

The mint price will be at .14 ETH, and 95% of all mints will receive a Cross Body limited edition Luggage Bag. 

Should you buy Shiba Inu (SHIB)?

On January 11, 2023, Shiba Inu (SHIB) had a value of $0.00000898

SHIB/USD Chart by Tradingview

When we go over the all-time high of the cryptocurrency, Shiba Inu (SHIB) reached a value of $0.00008616 on October 28, 2021.

In terms of the weekly performance, however, Shiba Inu (SHIB) saw its low point at $0.00000817, with its highest point at $0.00000956. Here we can see a difference of 17% or by $0.00000139.

In terms of the 24-hour difference, the lowest point was at $0.00000888, with the highest point at $0.0000096, which is a difference of $0.00000072 or by 8%.

With this in mind, SHIB can climb to a value of $0.000012 by the end of January 2023, which means that investors will want to buy SHIB.

The post Should you buy SHIB after Bugatti Group partnership sparks interest and leads to a 17% increase appeared first on Invezz.

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