Shiba Inu can bite its owners

According to CoinMarketCap.com, on Friday the value of the Shiba Inu coin surpassed that of Dogecoin, a cryptocurrency designed to “kill” it. There is no end limit to the number of Dogecoins minted, and the cap for Shibu Inus is set at one quadrillion coins. The petitioners sought to allow brokerage firm Robinhood to trade the upstart coin, which was launched only last year through “Woofpaper”. “The sky seems to be the limit.

But isn’t it? Consider the value of something else that can multiply to meet demand: genuine Shiba Inus. According to the American Kennel Club, the sometimes aggressive Japanese breed rose from 67th most popular in 2007 to 43rd last year. According to Marcus Keim, a breeder in Ohio, then the interest really took off. He says his competitors are not aware of the news he is making, so he didn’t know the reason behind the recent surge in customers, but he responded anyway and now the supply has gone up, bringing prices back. have arrived.

Not only thin air, many more coins can be made. So can brand new cryptocurrencies inspired by the breed. For example, CoinMarketCap also lists the Kiba Inu, Japa Inu, Meti Inu, and Ghostface Shiba. Good luck guessing who will be the next pick of the litter.