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

By:
on Jan 11, 2023
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  • In the last 24 hours, the trading volume of SHIB increased by 12%.
  • Its value also saw an increase of 17% in the last 7 days.
  • SHIB saw a spike in activity following the announcement of the Bugatti Group partnership.

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. 

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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.