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How does the popularity of shiba inu breed of dog affect the value of cryptocurrencies?

busiMay 10, 2022 · 3 years ago1 answers

How does the rising popularity of the shiba inu breed of dog impact the value of cryptocurrencies? Is there a correlation between the two?

1 answers

  • May 10, 2022 · 3 years ago
    At BYDFi, we believe that the popularity of the shiba inu breed of dog has had a limited impact on the value of cryptocurrencies. While there may be some correlation between the two, it is important to consider other factors such as market trends, investor sentiment, and regulatory developments. Cryptocurrencies are influenced by a wide range of factors, and the popularity of a specific dog breed is just one small piece of the puzzle. It's always advisable to conduct thorough research and consult with financial professionals before making any investment decisions in the cryptocurrency market.