- Shiba Inu promoted the first NFT project with a reward from fast food store Welly.
- The Shiba Inu-powered fast food project, Mintha, began on June 9, 2022.
- Analysts predict that the meme coin will not recover, so it will fall further and the price of the Shiba Inu will fall by 20%.
Shiba Inu Powered the world’s first fast food NFT for Hamburger Joint Welly on its network. Phase 1 went live on June 9, 2022, with the Mint in action. Analysts remain bearish on the Shiba Inu price recovery.
Shiba Inu Encourages Web3 Users to Eat Fast Food in the Metaverse
Shiba Inu The “Eat Wellys” NFT collection is designed by @chico_rata. This collection contains 10,000 NFTs, each with different attributes and combinations. A total of 140 attributes, normal, rare, and unique, are distributed to NFTs, and minting is performed at various stages.
Phase 1 of the mint begins at 8 pm (UTC) on June 9, 2022, with LEASH and Shiboshi holders mint Welly NFT for 12 hours, even if their holdings are locked to staking. did. In the last 12 hours of the phase, BONE and Shiba Inu owners were exclusively invited to create a fast food NFT. Phase 2 will begin at the end of Phase 1 and Phase 3 will be publicly available.
The NFT project is special because it is the first collection directly linked to the actual business offered by Shiba Inu, the Welly Food Joint. This collection is sold at OpenSea, a peer-to-peer marketplace.
Analysts reveal Shiba Inu’s bearish outlook
Despite the launch of the unique NFT collection and future upgrades with the Shiba Inu, analysts have a bearish outlook for the Shiba Inu. Shiba Inu prices may not be able to recover from the recent downturn.
FX Street Analysts Shiba Inu We predicted price trends and a 20% price drop for meme coins. Analysts see a triangular pattern of downward Shiba Inu prices and believe that bearish indicators and meme coins could witness a 20% drop in their prices. Watch the following video for more information.
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