Shiba Inu Price Prediction as Shiba Launches 'Shibacals' to Connect NFTs to Real-World Objects – Can SHIB Reach $1?

cryptonews.com:

The Shiba Inu (SHIB) price has gained by 14% in the past 24 hours, surging to $0.00000839 following the announcement of Shibacals, NFTs that will be linked to real-world collectibles via near-field communication (NFC) chips.

SHIB is now up by 28% in the past 24 hours, although it remains down by 5% in the last 30 days and by 13% in the past year, with the Shiba Inu community still waiting on the full public launch of the Shibarium layer-two network.

But with the latter's development team announcing Shibacals yesterday, the arrival of Shibarium seems closer than ever, with the launch of Shibacals likely to give the layer-two network a killer app from the very beginning.

As such, SHIB could potentially see sustained gains over the coming weeks and months, as the eventual launch of both Shibarium and Shibacals pushes demand for the altcoin.

SHIB is currently in full-on bullish mode, with its indicators revealing some very strong momentum that may continue for at least several days yet.

Its relative strength index (purple) has reached 80 today, signalling robust buying pressure that could push the coin up to $0.000009 in the next couple of days.

Likewise, SHIB's 30-day moving average (yellow) has begun pointing upwards and is on course to reach its 200-day average (blue), with a crossover likely to signal a breakout rally.

And given that the 30-day average is still significantly below the 200-day, SHIB probably has quite some time left before its current rally runs out of steam.

It owes its strength today to the unveiling of Shibacals, which developer Shytoshi Kusama has described as "authenticated collectibles."

Shibacals are non-fungible tokens based on the Shibarium network that can be used to authenticate physical objects and