What is Baby Doge Coin?

"All hail to Elon Musk."

What is Baby Doge?

Baby Doge Coin is just one month older as of writing this but gaining popularity rapidly, thanks to Elon Musk and his tweets. Baby doge is yet another doge themed cryptocurrency with the symbol of the Shiba Inu dog on it's coins. Baby Doge works on the integrated smart staking system which means people can add more coins to the wallet with every single transaction. Compared to Dogecoin and Shiba Inu coins, Baby Doge has improved transaction speeds. It's not quite Dogecoin, but it's similar to Shiba Inu with a limited token supply and staking benefits.

It's website says, "Baby Doge Coin has learned a few tricks and lessons from his meme father, Doge. A new crypto birthed by fans of the Doge Coin online community. Baby Doge seeks to impress his father by showing his new improved transaction speeds & adorableness. He is Hyper-deflationary with static reflection that rewards holders, so more baby doge coins are being automatically added to your wallet each transaction. Simply Love, pet, and watch your baby doge grow."

Tokenomics of Baby Doge

Baby Doge is a deflationary token designed to become more scarce over time. All holders of Baby Doge will earn more baby doge that is automatically sent to your wallet by simply holding Baby Doge coins in your wallet. Watch the amount of baby doge grow in your wallet as all holders automatically receive a 5% fee from every transaction that happens on the Baby Doge network. It says that the community receives more baby doge coins from the fees generated each transaction. In numbers 5% of each transaction added to liquidity and 5% of each transaction is redistributed to holders. 

Supply and Market Cap

As of writing this, the current price of doge coin is $0.000000001838 or <0.000000000001 BTC according to data from CoinMarketCap. It has a total supply of 420 quadrillion, it is even hard to count the number of zeros in it. Currently Baby Doge Coin is ranked at #2549 with a live market cap of almost $108,827,500. 

Where to buy Baby Doge Coin?

If you are interested to know where to buy Baby Doge Coin, the top exchanges for trading Baby Doge Coin are currently PancakeSwap (V2), LBank, XT.COM, CoinW, and DODO BSC. Like all those memecoins Baby Doge is available in PancakeSwap for trading and it is the preferred crypto exchange for it.

Whether invest in Baby doge or not?

Yeah, there is so much hype around Baby Doge everywhere but one should be very cautious while investing in it. Do not just flow away with the hype; do as much research as you can before investing in Baby Doge or in any other cryptocurrency. The cryptocurrency market is fickle, and Baby Doge can ride another wave of the increase, but beyond that, the coin has no practical use. Baby Doge is just a speculative digital asset that has no strong underlying fundamentals. Nobody can foresee what will happen to Baby Doge's performance, given how unpredictable the cryptocurrency market and Elon Musk are. If you want to invest in crypto, it's better to look for projects with more long-term potential.