Shiba Inu’s latest venture, Shibacals, has recently announced an exciting NFT collaboration with a major celebrity.
While the buzz around this move is palpable, it begs the question — how will this impact the meme coin market and can other participants such as Meme Moguls (MGLS) compete?
Shiba Inu is a memecoin that rose to fame in 2021 after soaring by 10,000% in just a few short months. It had the vision to defeat Dogecoin and become the #1 memecoin by market cap. With Shiba Inu’s market cap of $5.6 billion just behind Dogecoin’s $14 billion market cap, it has nearly accomplished its goal.
