Shiba Inu Soars 11% As 'Shibacals' Project Aims To Connect Physical Objects With NFTs
Portfolio Pulse from Mehab Qureshi
Shiba Inu (CRYPTO: SHIB) surged 11% after the project's developer announced plans to introduce a new service called 'Shibacals: Authenticated Collectibles' that connects physical objects with non-fungible tokens (NFTs). Shibacals will utilize near-field communication (NFC) chips to digitally authenticate physical products, enabling easy authentication and verification of ownership.
June 22, 2023 | 9:39 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Shiba Inu (CRYPTO: SHIB) surged 11% after the announcement of the Shibacals project, which aims to connect physical objects with NFTs using NFC chips for authentication and verification.
The announcement of the Shibacals project has generated excitement among investors, leading to an 11% surge in Shiba Inu's price. The project aims to bridge the gap between digital and physical items in the NFT space, which could potentially attract more users and increase the demand for SHIB tokens. This positive sentiment is likely to have a short-term positive impact on the price of SHIB.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100