“If you like Dogs, then you’ll fall in love with Baby Doge.”
This is what the homepage of Baby Dogecoin says, and we’re about to dig a little deeper to see what exactly Baby Doge is and does it have a future.
Since Dogecoin became quite popular in 2021, it was followed by some other dog-inspired coins, and Baby Dogecoin is one of them. Actually, it is said for Doge to be the “father” of BabyDoge.
Baby Dogecoin was launched in June 2021, and only a month later it had more than 475,000 holders.
Differences between Dogecoin and Baby Dogecoin
Since both cryptocurrencies are meme coins, they are considered to be highly volatile and speculative. Anyway, Baby Doge has tried to add some new features to distinguish it from Dogecoin.
While Dogecoin was introduced as a joke currency, BabyDoge came out with some improvements. Its commitment to coin scarcity and pet charity is what makes it unique. Its developers maintain a charity wallet with 2.2 % of the total supply, claiming they will donate it to dog rescues.
And if Dogecoin has an unlimited supply, BabyDoge has a limit to 420 quadrillion. The team behind Baby Doge says there are around 27.6 quadrillion of these in public circulation.
What else should we know about Baby Dogecoin?
As we already said, BabyDoge has a limited supply of 420 quadrillion coins. Although this is a large number, BabyDoge brands itself as a “hyper-deflationary” due to three main functions, developed to reduce its supply.
Coin Burning
This is a common practice among altcoin projects, and its aim is to limit their total supply. Coin Burning means periodically sending tokens to burn addresses from which they can not be recovered.
Liquidity Pair Acquisition
This means adding coins on a decentralized exchange, as a liquidity pair.
Reflection
This is the process of adding coins to the wallets of holders.
Where can we buy Baby Dogecoin?
Since BabyDoge is a smaller cryptocurrency, there are not so many exchanges, from where you can trade the coin.
Some exchanges trading BabyDoge include Pancake Swap, CoinW, BitForex, etc.
To buy Baby Dogecoin you must have an account on one of the exchanges that trade the coin, fund their account and make a purchase. The process is not much different from investing in cryptocurrencies in general. The most common trading pair is BabyDoge against the Tether stablecoin.
Should we invest in Baby Dogecoin?
As we always say, investing in cryptocurrencies is always a risky process. Especially when we are talking about meme coins such as Dogecoin and Baby Dogecoin.
The way these cryptocurrencies are generated, distributed and validated, are foreign to most of the crypto investors. Furthermore, crypto is still a highly experimental niche, and most people know nothing about it.
We always suggest you do good research before investing in any cryptocurrency, since there is always a risk.
Of course, we can exclude the fact that there is a huge craze around Dogecoin and similar, dog-inspired cryptocurrencies. BabyDoge and ShibaInu are one of the most popular, but they are not the only ones and there are many others to come in the future.
Baby Dogecoin is a small cryptocurrency, with current price of $0.00000000393. It reached position 102 in the ranking, in terms of market cap, which shows some progress. Anyway, most of the investors do not believe in its real value and doubt its long-term future.
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