Shiba Inu token prices continue to influence and be influenced by events in the real world. The demand for Shiba Inu puppies has increased on the back of the surges in value the token has recently undergone.
Small breeders of Shiba Inu puppies find the increase in demand bemusing, as one breeder fields 150 to 200 applications per month. No doubt, the Shiba Inu symbol on the Dogecoin contributed to the popularity of the dog, although it still ranks 43 on the American Kennel Club’s list of the most popular breeds in 2020. According to breeders, many people don’t understand the behavior and personality of the dogs that they want to adopt. Popularity seems to drive the interest more than the genuine interest in the dog and its nature. Shiba Inu dog owner Allyson Kazmucha said that she has been receiving attention due to her dog, with people asking if they can take a picture with it.
Beginning of metaverse?
The rise in popularity of the Shiba Inu dog is a hint of the interaction the digital world is having with the real world. According to Bloomberg, when enthusiasm for digital tokens results in the purchase of a living animal, there is a certain seamless experience between the digital world and the real world.
Shiba Inu flying high
Elon Musk’s social media activity in tweeting pictures of his new Shiba Inu puppy Floki had led many to believe he had invested in Shuba Inu himself, sending its price rocketing. This is one of many of Musk’s tweets that have resulted in bullish sentiments surrounding a cryptocurrency. In August, he sent the price of Dogecoin, Shiba Inu’s predecessor up by 20% by changing his profile picture to one that referenced Dogecoin.
Shiba Inu reached its all-time high of $0.00008854 on Oct 28, 2021. Shiba Inu is eleventh in the world in terms of market cap, sitting at $32B at the time of writing. Crypto brokerage Robinhood recently experienced an increase in requests to list Shiba Inu. The CEO Vlad Tenev said the brokerage platform will only list coins that they feel good or better about than the ones currently listed.
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