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Why Has The Price Of Shiba Inu Shot Up? Let’s Find Out

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With cryptocurrency being such a volatile asset, it is unsurprising to see the value of one currency shooting up and crashing in a matter of days. Other than the volatility of the market, cryptocurrency is also affected by global markets, current events, viral internet trends and more such factors. These are often the driving force behind cryptocurrencies doing well. 

The cryptocurrency shiba inu experienced one such phenomenon where the value of its token SHIB went up by more than 50% making it a profitable time for seasoned investors as well as novices who wanted to buy shiba inu coin for the first time. Let’s take a look at why the prices went up and where this cryptocurrency stands now. 

What Drove The Price Surge?

The price of shiba inu went up due to various reasons and events that took place close to each other. In other words, it was a matter of good timing. The cryptocurrency that started off as a joke turned really serious really fast when news about its ‘Shiberse’, a virtual metaverse for the SHIB ecosystem came out. 

The developer of SHIB also announced two new tokens called LEASH and BONE. BONE was designed to function as a governance token so as a result, people who possess BONE would be able to vote on issues that are important to Shiba’s DAO (Decentralized Autonomous Organization). LEASH with a current supply limit of 107,646, is distributed to those that offer liquidity to Shiba’s DeFi (Decentralized) ecosystem. Only LEASH holders would be allowed to purchase LAND in the newly established Shiberse. 

Prior to this news, seasoned crypto investors who specifically focus on Ethereum bought SHIB tokens worth millions of dollars which was followed by a coin burning exercise. A crypto coin-burning exercise basically implies that a particular amount of crypto coins are delivered to an off-market crypto wallet address. It is a wallet address in which no one has access to the private key. These tokens cannot be retrieved without the secret key and are lost permanently. This is mainly done in order to reduce the supply of coins in circulation which then causes the market price of existing tokens to increase. 

Other than this, the price of the SHIB token shot up after the news that Shiba Inu was listed on crypto platforms such as Coinbase, Binance and Robinhood markets. For a long time, the shiba inu community has been vying for a listing on Robinhood as it is one of the most popular exchanges for day traders. The shiba inu token witnessed a rise of almost 35% after the listing on robinhood. Robinhood also lists the following tokens for trading :

  • Bitcoin
  • Bitcoin Cash 
  • Bitcoin SV
  • Dogecoin
  • Ethereum
  • Ethereum classic
  • Litecoin

So far only these cryptocurrencies can be traded on the Robinhood exchange and the exchange provides market data for the following cryptocurrencies but hasn’t listed them for trading yet:

  • Bitcoin Gold (BTG)
  • Lisk (LSK)
  • Monero (XMR)
  • NEO (NEO)
  • OmiseGO (OMG)
  • Qtum (QTUM)
  • Ripple (XRP)
  • Stellar (XLM)
  • Zcash (ZEC)

Where Does Shiba Inu Stand Now?

After the major surge witnessed by Shiba Inu, the cryptocurrency saw a steep decline, continuing for several weeks. This erratic drop in the cryptocurrency’s value was due to various reasons such as low trading volume in the past few months, lack of utility of the token and inflation in the markets and the Fed’s plans to combat inflation by increasing interest rates. Shiba inu is currently trading at $0.000008171 at the 17th position.

Apart from the global happenings, the crypto market is currently in a slump and the values of all tokens have gone down significantly as compared to the beginning of the year. Among the major cryptocurrencies that saw a steep fall in their prices were Cardano (ADA) by 23.39% at $0.4863, Algorand (ALGO) was down by 27.04% at $0.4339, Binance Coin (BNB) was down by 18.42% at $262.59, Solana (SOL) was down by 29.6% at $47.91, Polkadot (DOT) was down by 25.57% at $8.53, and Ripple (XRP) was down by 35% at $0.45 (XRP to INR). 

It is predicted that the cryptocurrency market will see an upward rise in the coming months and crypto investors have been advised to ride out this current uncertain wave. With exigent matters taking place around the globe, the global markets are going to continue to be volatile in the foreseeable future. 

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3 Reasons to Choose Cat Boarding When You Go on a Holiday

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It is not simple to dismiss cat boarding when you are getting ready to leave town. Pets cannot always survive on their own, so if you consider leaving your cat alone at home, you may get disappointed after coming back. So consider the many benefits of cat boarding that you must consider before travelling again. 

Benefits of Cat Boarding

1. You Can Count On Neither Food Nor Water Ever Running Out For Your Cat

Sure, you could leave your cat alone at home for a few days with large bowls of food and water, but how would you prevent your cat from tipping the water bowl once you do not return the first night? Your cat could easily knock over their entire supply of drinking water unless they use the toilet or there are multiple bowls around the house.

As cats age, kidney disease affects about one in three of them, and even a day or two without water access can increase the risk of kidney stones or other harm. Your cat’s water bowl is left in its cat boarding facility, giving you peace of mind.

2. Boarding Your Cat Keeps Them Safe

Although it might seem that your home’s interior would be inherently safe, there are many hidden risks that your cat might come across while you are away. Your cat might only play with hair ties when you are home, but when you are gone, they might get frustrated and ingest one, which could cause an obstruction. Your cat might jump incorrectly and fracture a leg. Even worse, someone could break into your house, hurt your cat, or let them run away.

You will not have to worry about any of this with cat boarding. Knowing that your cat is safe, watched, played with, cuddled, and fed allows you to relax and enjoy your trip.

3. Daily Litter Box Cleaning

Due to their highly sensitive sense of smell, cats may completely avoid using the litter box if it goes unattended for even a short period. Your cat may find a new favourite place to go once they begin to remove the litter box because of the smell, and it might be challenging to break the habit once you get back home.

 

One benefit of cat boarding is daily litter box cleaning. Your cat will not have to find a new place to use, like your laundry basket, because it will be happy to have a clean litter box. If you feel like your cat has any problem, go to the animal tracks vets in the inner west for their guidance. 

Conclusion 

When your cat is boarded, it can get medical attention much faster. All cat boarding amenities have a relationship with a 24-hour emergency veterinarian, and some cat boarding facilities have veterinarians on staff or call.

You might not want to believe your friends, family, or pet sitter to give your cat medication while you are away because many cat boarding facilities also offer this service. So, if you are a cat lover and worry about your cat while you are away, consider a reliable cat boarding for your loving pet. 

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How Did Civet Cat Land In Coorg?

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Planning a trip to Karnataka? Then why not take a visit to Coorg, a beautiful, hilly rural district in Karnataka? And needless to say, you’ll put an end to your long-standing doubt: what link this rural district and Civet cats have.  

What does Coorg have to do with Civet cats?

India, the third-largest producer and exporter of coffee in Asia, has started producing the most expensive coffee on a small scale. The civet cats’ waste is used to make this coffee, and you can visit using a car rental in Bangalore.

In Coorg, you can find civet cats, a nocturnal species that resembles a raccoon and is in danger of going extinct in the Western Ghats. They often reside on coffee plantations and in tropical jungles. These small animals are known for their faeces, more than worth the bother, despite the fact that they frequently annoy villagers by ascending buildings at night and making excessive noise. 

Civet coffee is the priciest coffee in the world for obvious reasons, but if you are a true coffee connoisseur, you won’t hesitate to pay Rs 20,000–25,000/kg! You would have assumed that this coffee is not your typical cup of joe, given its absurd price. It is notable for its incredibly peculiar production process instead. It is a civet’s cat waste. Only three to four countries, including India, produce this special coffee. But what’s the story behind this priced coffee?

History of civet coffee

When Thamoo Poovaiah was a child, he frequently saw civet cat droppings around their coffee estates in Coorg, southwest Karnataka. But it took him years before he realised he was sitting on a jackpot because of the growing demand for civet coffee on the international market. Currently, Coorg Consolidated Commodities (CCC), where Poovaiah serves as a managing partner, is the source of the most expensive coffee in the world.

But what he shared with us was a sobering eye-opener. Mr. N. G. Thimmaiah procured 10 kg of Kopi Luwak in 2015 and shipped it to Switzerland for a respectable sum. Unfortunately, his production of Kopi Luwak coffee fell by 50% in both 2016 and 2017 to just 5 kg.

Mr. Thimmaiah eventually learned that the Civet Cats were being killed by the farmers who lived next to his property because they were stealing their coffee beans. They kill the cats because, as Mr. Thimmaiah explains, “to them it is very easy, the cats eat their coffee.” 

Mr. Thimmaiah attempted to persuade his fellow farmers to stop killing the civet cats by explaining to them the value of the coffee, but these farmers already thought Mr. Thimmaiah was crazy because he only grows his coffee organically using natural compost and no fertiliser. As a result, when he told them that the poop these Civet Cats produced was extremely precious, they laughed him out of the room.

Because they consume fruit and so spread seeds throughout tropical forests, civet cats help to preserve the health of forest ecosystems. Civet cats have occasionally been invasive and regarded as pests, like in Indonesia. That is not the case in the Coorg region, where they contribute to the preservation of the ecosystem.

Conclusion 

Out of all the Kodagu specialities offered here, including different coffees and cocoa goods, aside from the quiches and pies that the café sources from home chefs, the civet coffee is unquestionably the star attraction. And unlike the original civet coffee from nations like Indonesia, where the animals are caged to ensure a steady supply of “raw material,” there are no horrifying backstories here, and you can visit Bangalore to Coorg cabs.

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What Dog Breed Makes the Best Service Dogs?

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Did you know that there are about 500,000 service dogs in the United States in 2021? Each of those dogs plays an important role in its owner’s life by helping with their disability.

But not everyone knows about different dog breeds and which ones are best for being service dogs.

When searching for a dog breed, looking into the best service dogs is essential because they are trained to help you with specific needs. This can be anything from seizures to helping you when you become lightheaded.

If you are searching for a dog to assist you with your needs, then follow these tips to find the best breed for you.

Labrador Retriever

Many different breeds make excellent service dogs, but some are better than others. Superdog.com breeds and trains service dogs of all kinds and one is a Labrador Retriever.

Labrador Retrievers make the best service dogs as they are intelligent, trainable, and have a natural affinity for people.

They are also gentle, loving, and patient, which makes them perfect for people with disabilities. Labrador Retrievers are always willing to please their owners, and they will go above and beyond to make sure that they are providing the best possible service.

Golden Retriever

Golden retrievers are another popular breed of service dog.

They are also intelligent, trainable, and have a natural affinity for people. They are known for their calm temperament and their ability to remain calm in stressful situations.

Golden Retrievers are also relatively large dogs, thus, can be an advantage when it comes to service work.

They are strong enough to handle the demands of the job, and their size can be intimidating to would-be attackers or intruders.

German Shepherd

German shepherds are the third most popular breed of service dog. They are brave, loyal, and protective.  

They are large enough to assist without being overwhelming. Their natural herding behavior makes them predisposed to working with and protecting people.

German Shepherds are also highly intelligent. They can be easily trained to perform various tasks to assist their disabled handlers.

Boxer

Boxers are often used as service dogs because of their calm and patient demeanors.

They are intelligent and athletic and this makes them able to perform various tasks.

Additionally, boxers are also loyal and protective making them excellent guard dogs.

They can be trained to perform many tasks, such as retrieving items, opening doors, and providing emotional support.

Poodle

Poodles make great service dogs because they are intelligent, obedient, and have a natural affinity for people. They can be taught a variety of tasks that can help people with disabilities. 

They are also hypoallergenic, which is important for those with allergies. Poodles are versatile dogs that can be trained to perform a variety of tasks, making them ideal service dogs.

Best Dog Breeds That Make Great Service Dogs

After reading this article, it’s easy to see that there are a lot of different factors to consider when choosing a service dog breed. Ultimately, the best breed for a service dog is the one that best suits the individual needs of the person they will be assisting.

Talk to a specialist, do your research, and find the breed of dog that will make the best service dog for you.

If you’re interested in this, continue to explore our site for the best articles.

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