Shiba Inu token prices continue to influence and be influenced by real-world events. The recent increases in the value of the Shiba Inu token have increased demand for Shiba Inu puppies.
Small breeders of Shiba Inu puppies are perplexed by the increase in demand, as one breeder receives 150 to 200 applications per month. The Shiba Inu symbol on the Dogecoin undoubtedly contributed to the dog’s popularity, though it still ranks 43 on the American Kennel Club’s list of the most popular breeds in 2020. Many people, according to breeders, do not understand the behavior and personality of the dogs they want to adopt. Popularity appears to pique people’s interest more than genuine interest in the dog and its nature. Allyson Kazmucha, the owner of a Shiba Inu dog, said she has been getting a lot of attention because of her dog, with people asking if they can take a picture with it.
The start of the metaverse?
The popularity of the Shiba Inu dog hints at the interaction between the digital and physical worlds. According to Bloomberg, when a person’s enthusiasm for digital tokens leads to the purchase of a living animal, there is a certain level of seamlessness between the digital and real worlds.
Shiba Inu soaring to new heights
Elon Musk’s social media activity, which included tweeting pictures of his new Shiba Inu puppy Floki, led many to believe he had invested in the breed, sending its price skyrocketing. This is one of many tweets by Musk that have resulted in bullish sentiments toward a cryptocurrency. By changing his profile picture to one that referenced Dogecoin, Shiba Inu’s predecessor, he drove the price of Dogecoin up by 20% in August.