What is Baby Doge Coin?
The meme currency Dogecoin, which debuted in June 2021, has a son named Baby Doge Coin. BabyDoge is a completely decentralised organisation that started out with the goal of providing charitable assistance to dogs in need. Following a 10x improvement over Dogecoin performance, the project is now operational on the Binance Smart Chain network. Aiming to get his father’s attention, Baby Doge has a speedier transaction speed and a cute personality.
Hyper-deflationary Baby Doge employs an integrated smart staking system that adds rewards to the user’s wallet automatically. Each user’s price slippage setting must be set to 12%. With 5% going to increase liquidity and 5% going to consumers, the 12% tax paid on each trade is split as follows: As more transactions are made on the decentralised market, each user can see their doge coin balance increase. pancakeswap.
After being listed, Baby Doge completed a massive token burn operation; according to administrators, 29% of the tokens have already been destroyed, or moved to dead wallets. The Baby Doge roadmap outlines six phases, including an audit, token holder count, CEX listing, gift, and other significant initiatives. As they have already finished their first donation programme with the aid of Paws with Cause, the project will create a charity wallet.
Baby Doge Coin Price Prediction
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Baby Doge Coin Overview
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|Wallet||Metamask, Trust Wallet|
BabyDoge Coin Price Analysis
Elon Musk may have mentioned Baby Doge Coin on mistake or purpose after the token in his tweet increased by 18% and the project rose to the top of the trending projects list on Coingecko and CMC. Following a tweet, the volume of Baby Doge market saw a significant increase, and the community is almost at 100,000 members. But one more tweet about Baby Doge might push this project into the top 300 projects in terms of market valuation. Baby Doge will probably take the same route as Shiba Inus, with the possibility of its coin being listed on a reputable centralised exchange like Binance or Coinbase Pro. Investors are becoming more aware of Baby Doge’s exceptional performance even during a bear market.
Elon Musk has influenced the majority of meme coins, since anything he tweeted became a new project and projects that already existed saw price increases. Similar to Dogecoin, Baby Doge Coin is heavily dependent on the community and Elon Musk’s tweets as he continues to promote Dogecoin while investors seek out meme coins with lower prices than Dogecoin. Investors should conduct study prior to investing in this kind of enterprise because it entails high risk and high return. Investors who follow Elon Musk on Twitter can also adopt a quick return plan. The project will shortly finish the third party audit, and after the contract audit is over, Baby Doge might list on the major exchanges.
These projects fall under the category of “High Risk and High Return” crypto ventures. Therefore, only invest money that you can afford to lose completely (if you made the decision on your own with the support of a financial counsellor).