Authored by: @hetty-rowan

Messed up

My weekly schedule is currently being messed up by the dogs. We did not expect it, but of course, we saw it coming due to the behavior of the dogs! And immediately after New Years it was a fact. We got a nice New Year's present from our dogs. Our old granny Lana, (not the oldest bitch by the way), decided it was her time to go into heat.

Skipper, our young male, is aware of this all too well. And when he came to live here, almost 2 years ago, he still didn't know that he was a male and what he should do with such a bitch in heat. Now two years and several heats later, that has turned 180 degrees. He knows he is a male, and he also knows what he could and would do with a bitch in heat. Unfortunately for him, that is not going to happen! Lana is 12 years old, and we don't want a litter of puppies. So you understand that during the week when my partner is at work, I don't have that much time at the moment. And that my eyes and focus are currently mainly on the dogs.

At the weekend, my partner is at home, but often busy outside. Fortunately, he can take one of the two or two of the three dogs outside with him. And that is time for me to handle the most important things that I have to do. So the post I would normally post on Monday came online on Sunday this week. Oh well, it doesn't matter...

No big review today!

So no crypto project / coin description today. No, today I'm going to talk about what's going on with SHIBA INU. Yeah, you know, I'm so focused on the dogs that this seemed appropriate. Maybe I should come up with a Shepherds Coin, who knows, it might do better than the Japanese Dog breeds that all "dog cryptos" are derived from until now.

Back to Shiba Inu (SHIB).

In just 1 week, between January 1 and January 8, 2022, SHIB's market cap plummeted by $3.5 billion from $18.68 billion to $15.16 billion. oops!

How?

It is of course difficult to pinpoint a specific reason for this. Especially since the crypto market as a whole saw a significant loss of market capitalization due to a general crypto crash. These fluctuations come in a volatile period for the financial markets. One cause could be due to rising inflation. (I saw a report this week that inflation in the Netherlands had risen by half a percent in just 1 month!) In any case, this ever-rising inflation is becoming a problem, forcing the Federal Reserve to sharpen monetary policy.

So if we trace it back to Shiba Inu, the crash could be due to large investors taking profits and reducing their positions in risky assets.

Shiba Inu remains extremely popular

Despite these recent declines, which have followed the previous declines in price, there is a general sense of positivity among SHIB fans. It can be assumed that this positive sentiment stems from major corporate adoption of the token. Because there continues to be interest in Shiba Inu from different angles.

Token burns

What is also interesting to know is that a number of companies have teamed up to destroy some of the SHIB tokens. These so-called 'token burns' will slowly but surely ensure that the Shiba Inu token becomes rarer and that can drive up the price. It is worth noting that the growth of Shiba Inu was fueled mainly by social media activity. A recent survey showed that by 2021, Shiba Inu calls rose more than 16,000%. This is the biggest growth rate compared to the other top 10 cryptocurrencies.

The dominance of Shiba Inu was also reflected on CoinMarketCap. The coin was the most viewed asset on the platform. Bitcoin was in second place.

Also, the Shiba Inu ecosystem continues to expand. The platform has teamed up with a game creator to create a play-to-earn NFT game. If the coin's developments, marketing and popularity remain intact, 2022 could turn out to be another solid year for Shiba Inu.

Current Shiba Inu's price

However, like the rest of the market, the value of Shiba Inu has fallen significantly. At the time of writing, SHIB's share price stands at $0.00002837. In the past seven days, the price has fallen by more than 15%. Still, there seems to be a small positive change, and it looks like SHIB is finally starting a small recovery.

What are your thoughts about SHIB?

Have you ever invested in SHIB, and what are your ideas for the future of SHIB? Would you be interested in a play2earn game that uses SHIB?

Yes, a very short post for my doing today. Sorry folks, I have to turn my attention back to the dogs here in the house, and make sure I don't have any little Shepherds in about 9 weeks. Until we get past the 'most dangerous days' here at home again, my focus is dog-related.

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