As excitement mounts over the launch of Sheboshi tokens, marking the beginning of Shibarium ecosystem upgrades, Shiba Inu (SHIB) faces mixed sentiments driven by bullish and bearish indicators.

Despite the positive milestone of Sheboshi NFTs selling out, concerns arise as SHIB potentially heads towards a bearish death cross, fueled by the recent surge in the US Consumer Price Index (CPI).

The successful sale of Sheboshi NFTs, with 20,000 tokens snapped up by the public within minutes, underscores investor enthusiasm, albeit amidst ongoing market volatility.

Notably, the Sheboshi project explores the Divisible NFT (DN404) standard, a pioneering move within the NFT space, although challenges with the ERC-404 standard have been highlighted by developers.

While the Sheboshi NFT launch signifies progress for the Shiba Inu ecosystem, investors remain wary of looming bearish indicators, emphasising the need for cautious market navigation.