Shiba Inu (SHIB) investors got the good news about the ‘physical product’ Shibacals, which has remained a mystery until now. The team behind Shiba has shared a new visual for the first tangible product that will appeal to real use cases.
Shiba Inu team unveils ‘physical product’ Shibacals
In the cryptocurrency market dominated by digital products, Shiba Inu aims to break the mold with its physical product, Shibacals. Shiba’s lead developer, Shytoshi Kusama, recently shared details for the new product that will be linked to Shibarium. Today, it was announced https://www.shibacals.com/ that physical products can be bought and sold…
Something physical is coming. #shib #shibarmy pic.twitter.com/XuAe2AkpJw
— Shytoshi Kusama™ (@ShytoshiKusama) June 14, 2023
It should be noted that Shibacals has formed a partnership with technology firm Hewlett-Packard [HP]. In this pioneering collaboration, HP will use advanced 3D printing technology to bring Shibacals’ digital assets to life.
Shibacals sets itself apart from the competition by offering a unique authentication feature for physical assets or products developed through its platform. This distinctive ability has become possible thanks to the integration of NFC chips. By bringing these NFC chips, Shibacals provides verification and legitimacy of real-world items produced. However, it offers users more confidence in the authenticity of their creations.
Will the initiative help SHIB price increase?
The inclusion of Shibacals in the SHIB network has great potential for its market. There is a significant increase in meme token adoption as more users dive into exploring Shibacals. Additionally, this increased adoption will definitely have a positive impact on the price of SHIB. It will directly benefit the ecosystem as the products in Shibacals will be traded with SHIB.
Price-wise, SHIB is not having a good time right now. The SEC lawsuits and subsequent Fed’s hawkish stance led to selling pressure in the cryptocurrency market. SHIB is currently trading in the 0.00000675 region, which has lost 15% from last week. It has dropped more than 20% in the last 30 days.
Shiba Inu price can erase 2 zeros?
SHIB traders have always tried to stay strong for the $1 price target. Before that, the first goal will be to clear 2 more zeros from the price. Today you can buy 148 million SHIB for $1,000 at the current price of $0.00000675. If SHIB starts to recover and clears the two zeros in the indices, i.e. reaches $0.0001, then the $1,000 investment you made today will rise to $14,800. This translates to a 1.380% ROI from today until the target of $0.0001 is reached.
But there’s no guarantee that the Shiba Inu will wipe out two zeros in the coming months or years. The meme token has consistently added two zeros instead over the past two years. The drop tests the patience of investors who take entry positions believing they will ‘reach the moon’. Only time will tell whether it will rise or go deeper in the years to come. cryptocoin.comAs we have reported, some analysts are warning about the risk of SHIB.
