Knowing the details of Dogecoin v / s Baby Doge v / s Shiba Inu
Baby Doge, doo, doo, doo, doo. If this tweet from Elon Musk makes you think and rewind your brain, don’t worry as this is a brand new cryptocurrency. Considered the descendant of the popular Doge, Baby Doge is gaining a lot of traction. Nonetheless, meme-inspired coins are growing, initially Dogecoin entering the market, then Shiba Inu, and now Baby Doge. So, are you confused about which currency you should invest in? Baby Doge, Dogecoin or Shiba Inu? Let’s find out.
- What is Baby Doge?
- Dogecoin vs. Baby Doge vs. Shiba Inu
What is Baby Doge?
If we go through the website, Baby Doge is simply a coin intended for fans and members of the Dogecoin online community. The website also claims that he prides himself on working with his father, bringing fairness and transparency to the community. This coin is based on a smart built-in system that allows you to add more money to your wallet with each transaction. What does this coin intend? “The goal is to impress my father by demonstrating my new speed of transaction and cuteness” Voila, you have a new cryptocurrency: Baby Doge.
It is a one-month-only cryptocurrency, founded at a price of US $ 0.000000000175. In just one month, the Baby Doge community had reached 200k owners. Currently, Babe Doge’s market cap is around US $ 304,458,000 and he has a lot of backing from Elon, who also supports his father’s Dogecoin.
Baby Dogecoin already has a six-phase strategy. Having surpassed 25,000 subscribers and a website review, there were around 420 billion Baby Dogecoin tokens. Here, you own complete ownership of when and how many tokens are burned.
For Baby Dogecoin, a 10% fee is charged when the transaction takes place. If you own Baby Dogecoin, you will get a 5% bonus. Of this 5%, half is held with Baby Doge and the other half is exchanged for Binance Coin. Therefore, users can trade between these two cryptos, serving as a pool of liquidity.
The fee is charged when you sell your coins. If you keep it, you will get a commission from the sale price when someone sells it.
However, the supply of Baby Dogecoin is limited, unlike Dogecoin. The founders of Baby Doge say that the currency is hyper-deflationary, which means that the supply of the currency contracts and does not expand.
Dogecoin vs. Baby Doge vs. Shiba Inu
If you look closely, Baby Doge has no practical use. The top and growing cryptocurrencies rule the world of cryptocurrencies as they serve a fundamental purpose. Therefore, experts are not sure how long the hype will survive. The price of Baby Doge increased due to a tweet from Elon Musk. However, in the long term, it is difficult to predict the performance of this tweet-powered coin.
On the other hand, Dogecoin is one of the top 10 cryptocurrencies by market capitalization. In the first months of 2021, Dogecoin also skyrocketed in popularity and trading volume. Elon Musk was also accelerating Dogecoin adoption through his tweets, of course.
Dogecoin, however, is powered by blockchain technology. Investors are looking forward to cryptocurrencies that are powered by blockchain technology as it takes advantage of decentralized models. Here, it definitely has a practical use compared to Baby Doge. Therefore, Dogecoin is a great investment.
Shiba Inu was inspired by Dogecoin and is hosted on the Ethereum blockchain. However, do not take this coin as a joke because it works as part of the decentralized exchange website. The main currency token Shiba Inu was hosted on Uniswap, which was later increased by more than 300%, again thanks to Elon Musk’s tweet.
Shiba Inu again serves as a practical use, running on blockchain technology. Experts believe that Shiba Inu will grow because it is based on Ethereum, the second largest cryptocurrency in the world.
Investing in Baby Dogecoin can be a risky business, as it is too early to predict about cryptocurrencies that are only issued due to tweets. Dogecoin and Shiba Inu are better options to invest in as they both show positive signs of growth going forward.
BabyDoge Price Live Data
The live Baby Doge Coin price today is $0.000000004666 USD with a 24-hour trading volume of $92,526,110 USD. Baby Doge Coin is down 24.40% in the last 24 hours. The current CoinMarketCap ranking is #2532, with a live market cap of not available. The circulating supply is not available and the max. supply is not available.
CoinMarketCap, Data was taken on 6 July 2021