Home Enthusiast Massive Rise in Shiba Inu Coin Boosts Demand For Real Shiba Inu...

Massive Rise in Shiba Inu Coin Boosts Demand For Real Shiba Inu Puppies – And People Are Even Trying To Pay For Them In Crypto | Currency News | Financial and business news

Shiba Inu dogs.
  • Shiba Inu dogs are growing in popularity as crypto enthusiasts highlight the dog’s namesake coin, Bloomberg reported.
  • A crypto enthusiast spent $ 2,500 on a new dog he named after his favorite digital token.
  • Breeders told Bloomberg they are struggling to keep up with the hundreds of requests received each month.

Crypto enthusiasts are eager to buy Shiba Inu puppies as the market value of the dog’s namesake coin has increased, according to a Bloomberg Businessweek report.

An enthusiast named Seth Johnson told Bloomberg’s Claire Ballentine that he spent $ 2,500 on one of the most famous puppies. The breeder, he said, did not take digital currency. He named his new dog after a little-known token called EverRise that he prefers.

According to the Bloomberg report, breeders said they were struggling to meet the growing demand for Japanese hunting dogs. Sandra Rolaitis of Pennsylvania partly blamed Tesla chief Elon Musk, who tweeted photos of her new puppy named Floki. One of the tweets sparked an epic run for the coin. (Another meme token also appeared).

Rolaitis said his shop, “Rodel Shibas,” sees 150 to 200 requests each month for dogs, and some come from families who want them just for popularity. But the negative aspects of dogs – like the fact that they look like a 25-pound wolf – often cause some candidates to head for the door, according to another breeder.

Shiba Inus ranked No.43 in 2020 on a list of the most popular dog breeds compiled by the American Kennel Club, up from 45 the year before. Labrador Retrievers and French Bulldogs ranked # 1 and # 2, respectively, according to the list.

The shiba inu coin originally appeared as a meme of another coin: dogecoin. The two fought closely for places in the top 10 of the cryptocurrency rankings. On Friday morning, dogecoin was ranked # 9 and the shiba inu coin slipped to # 11, according to data from CoinMarketCap.

Much of the shiba inu coin rally in October – over 800% – came from large purchases from crypto whales, Insider reported previously. But retail traders have also sparked interest in the shiba inu coin and hundreds of thousands of them have signed a petition for the Robinhood trade app to add the coin to its crypto exchange.

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