If you’re familiar with the doge meme, then you’ll love baby doge. Or perhaps you already do. Even if you’re not aware about it, then this article will give you a fair idea of what this coin does and how you can capitalize from it.
Read ahead to find out the core features of Baby Doge coin, its tokenomics, market challenges and opportunities and much more.
Introduction to Baby Doge Coin (BabyDoge)
Baby DogeCoin was released as a decentralized meme project. According to its Whitepaper (or Woof Paper), it aims to bring the average person into cryptocurrency trading and to help dogs in need. Since then , today it has also launched its own AI based meme generator.
Its two pronged goal was enough for its success that more than a hundred thousand users had purchased the Baby Doge Coin 21 days after its launch.
The final push to its popularity was the CEO of Tesla, Elon Musk who posted a tweet about it. This was rare for a cryptocurrency, as it is an open-source project built on binance smart chain.
Its values include transparency, community, trust and longevity.
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The Genesis of Baby Doge Coin
Baby Doge coin is a spinoff from Dogecoin. Dogecoin was launched in 2013, but it came to the world in 2021. During the first 21 days of its launch, its token symbol Baby Doge trended on Twitter and CoinMarketCap both.
Baby Doge coin had an initial supply of 420 trillion coins. Out of them, more than 40% have already been burned and the community continues to burn tokens on a monthly basis.
Core Features of Baby Doge Coin
Baby Doge coin is a BEP-20 crypto token that is built on the Binance Smart Chain. Its enhanced speed and efficiency has led to it offering considerably lower gas fees and processing time.
It attempts to overcome the shortcomings of its predecessor, Dogecoin in many ways. It has made itself more scalable because of its Binance based smart contracts. Proprietary blockchain does not offer this level of scalability.
Baby Doge approves a block of transactions every 5 seconds. For comparison, Ethereum adds a block every 13 seconds.
Scalability wasn’t the only drawback of the Dogecoin project that Baby Doge coin aims to eliminate. Another challenge to Dogecoin was its higher inflationary nature. So what the community of Baby Doge coin does is it offers a very high deflationary system.
There are many use cases of Baby Doge coin. Baby Doge Coin holders can earn a discount when paying swap fees on Baby Doge Swap, a decentralized exchange of Baby Doge.
It also offers prepaid card integration, thereby allowing holders to use it as any other currency. Moreover, you can get a token locker contract for free on both BNB and ETH chains.
As stated earlier, you can mint your AI generated images into NFTs by paying with Baby Doge. The community has also created a chess game that allows you to play against other users and to integrate tokens.
Other utility cases of Baby Doge include its community token gated discord, exclusive merch, Baby Doge NFTs and payment integration.
Baby Doge Coin Tokenomics
The Baby Doge Protocol imposes a 10% fee on each transaction, with half of this fee (5% of the original transaction) redistributed to all existing Baby Doge Coin holders through a reflection mechanism. This type of tokenomics does great to encourage holding by rewarding all holders.
The rest of the 5% is divided equally. Half remains as Baby Doge coin, while the other half is converted to Binance Coin. Both tokens are then deposited into a liquidity pool on PancakeSwap, enabling investors to trade seamlessly between Baby Doge Coin and Binance Coin.
Acquiring and Storing Baby Doge Coin
Interestingly, Baby Doge coin is not listed on Binance.
Baby Dogecoin cryptocurrency is listed on about 24 spot cryptocurrency exchanges. These exchanges include BitMart, PancakeSwap, Huobi, OKX, LBank, and many others. Some of these support trading Baby Dogecoin against stablecoins and other cryptocurrencies.
If you’ve decided you want to buy a Baby Doge coin, the founders of Baby Doge have recommended PancakeSwap method to trade other coins. Follow these steps:
Step 1: Purchase Binance Coin.The first step is to create a compatible Binance Smart Chain or Ethereum wallet if you don’t already have one.
Step 2: Transfer your Binance Coin. Enter the details for your trade. Choose how much Baby Doge you want to buy
Step 3: Visit PancakeSwap and connect your wallet.
Step 4: Go to the Swap page and exchange your Binance Coin for Baby Doge coin. Click the exchange or trade button to execute your transaction. This sends the trade details to the Binance Smart Chain or Ethereum blockchain for processing. Depending on which blockchain you use, the transaction could be nearly instant or take several minutes to complete.
Once the blockchain confirms the transaction, you should see the new currency in your wallet.
You don’t actually store your tokens in any wallet. This is a common misconception. tokens are on the blockchain, a wallet only allows you to view them and interact with them on the blockchain, that’s it.
As long as you don’t share your seed phrase with anyone, have transaction signing enabled and never approve any tokens that get sent randomly to your wallet then you should be fine with keeping it secure.
Baby Doge Coin in the Market
Baby Doge coin 24 hour trading volume at the time of writing is $5.07 million. It has a market cap of $291.31 million that showed an increase of 3.56% in the last 24 hours.
The token reached its highest price in 2022 and the lowest in 2021. Its current yearly inflation rate is 24.91%, which is weighted heavily on the higher side. Moreover, similar tokens like Bitcoin and Ethereum have already outperformed it in the market.
A significant factor that affects the price of Baby Doge coin is its discussion on online forums like Reddit and X (formerly Twitter). For example, in 2021, Baby Doge witnessed a sharp rise in price after Elon Musk made a tweet concerning it.
It is also important to note that the Baby Doge does not exist in a vacuum and that there are some factors that affect the cryptocurrency market as a whole.
Challenges and Opportunities for Baby Doge Coin
The fact that it discourages trading to encourage accumulation hurts trading volumes. Additionally, volatility, which is evident in all cryptocurrencies, does not favor its usage as a store of value. Stablecoins would play that role favorably.
Baby Dogecoin cryptocurrency is listed on about 24 spot cryptocurrency exchanges.
Baby Doge is a highly speculative investment. While it may increase in value, there is always the looming likelihood of it becoming worthless.
BabyDoge’s Community and Charity Focus
One of Baby Doge coin’s main goals is to increase awareness about animal adoption. This charity focus makes it the perfect coin for using it as a means of donation to charities.
An internet connection is the only thing required to transfer Baby Doge coins. Charities who wish to make the process of making donations easier for individuals all around the world can provide BabyDoge as a global donation option that is open to anyone, irrespective of their place of residence. Sending BabyDoge donations is simple for everyone.
Thousands of individuals hold BabyDoge and use it regularly. The BabyDoge army sincerely cares about the project’s progress and all of its initiatives.
BabyDoge runs on the BNB Chain, an anonymous and secure network, where users are not required to disclose any private information. It is also decentralized, which means that all transactions only involve no more than two people: the sender and the recipient. BabyDoge transactions are peer-to-peer and without any third parties.
Future Roadmap and Developments
Baby Doge Coin has an ambitious roadmap, including NFT creation, pet charity and GameFi. The latest news we have regarding Baby Doge is its launching of Baby Doge Shop.
Last year, it also hosted a meme contest that was Christmas themed. The competition invited participants to share their best Baby Doge memes.
With this speed of developments, we can be sure that it always has something for a surprise and that it is a very active community of dog lovers.
Conclusion: The Evolution of Meme Cryptocurrencies with Baby Doge Coin
Baby Doge is a cryptocurrency token native to the Binance Smart Chain and it is available on the Ethereum blockchain. It is a risky cryptocurrency that could lose value.
Baby Doge transactions require a 10% fee. Half goes back to the Baby Doge Coin holders, and the remaining half funds the PancakeSwap liquidity pool for Baby Doge, which may be burned or reinvested in the Baby Doge project.
As the cryptocurrency market keeps growing, meme coins like Baby Doge will remain attractive to big and small investors alike. This is largely due to its significant presence on social media. BabyDoge can help any charity make its donation process simple and fast.
However, its volatile nature and market dynamic without a regulatory body requires a lot of prudence before investing.
We Coin-Labs.com provides only objective information about Baby Doge Coin (BabyDoge).
Therefore, we are not responsible for the investment decision in Baby Doge Coin (BabyDoge) and the resulting loss.
Baby Doge Coin (BabyDoge) Basics
Here are some factors that investors should consider before investing in Baby Doge Coin (BabyDoge).
| Cryptocurrency Features | Baby Doge Coin (BabyDoge) () |
|---|---|
| Publisher or Developers | |
| Headquarters (Registration Number) | |
| Symbol | |
| Platform | |
| Published Date (CMC Registration) | 2024-10-02 |
| Max Supply | 958,691,258,152,859 |
Reliability Score of Baby Doge Coin (BabyDoge) in 2024
These are indexes mesuring the investment reliability of Baby Doge Coin (BabyDoge) conducted by Coin-Labs.com.
| Investment Reliability Rating Items | Scores and Current Status |
|---|---|
| Company Activation Rate | / 10.0 CAR |
| Communication Rate | / 10.0 CR |
| Technology Transparency Rate | / 10.0 TTR |
| Development Participation Rate | / 10.0 DPR |
| Listing Status on the World's Top 10 Exchanges | Listed on 0 Exchanges |
| Number of Available Pairs Worldwide | 1 Pairs |
| Market Cap of the Cryptocurrency | 6,683,329 USD (Rank #1295) |
The table above shows the result of investment suitability evaluation for Baby Doge Coin (BabyDoge).
Check out how we evaluate cryptocurrencies on the crypto rating description page.
Baby Doge Coin (BabyDoge) Price
Here are the price and recent trading volume of Baby Doge Coin (BabyDoge). (Data of 2024-10-03 00:15:00)
| Price Items | Price and Trading Volume of Baby Doge Coin (BabyDoge) |
|---|---|
| Baby Doge Coin (BabyDoge) Price | 0.000 USD |
| Price Change 24h | -5.48% |
| Price Change 7d | -4.99% |
| Trading Volume 24h | 11 USD |
| Trading Volume Change 24h | -82.47% |
Cryptocurrency Metadata
You can check the development status and social media information of Baby Doge Coin (BabyDoge) through the links in the table below.
| Metadata Source | URL |
|---|---|
| 🌎 Official Website | |
| 📖 White Paper | |
| 🛰️ Source Code (GitHub) | |
| 🎺 Message Board |
Where to Buy Baby Doge Coin (BabyDoge)
Here are the top ten world crypto exchanges where traders can buy Baby Doge Coin (BabyDoge) in 2024.
| Top10 Exchanges | Listed Status | Page URL |
|---|---|---|
| Binance | Not listed | |
| Coinbase | Not listed | |
| Kraken | Not listed | |
| KuCoin | Not listed | |
| Bitfinex | Not listed | |
| OKX | Not listed | |
| Huobi | Not listed | |
| Bitstamp | Not listed | |
| Bybit | Not listed | |
| Gate.io | Not listed |
Frequently Asked Questions
What is the current price of Baby Doge Coin (BabyDoge)?
Baby Doge Coin (BabyDoge) price today is 0.000 USD. Furthermore, the price of Baby Doge Coin (BabyDoge) has fluctuated by -5.48% from 24 hours ago, and by -4.99% from a week ago.
Where is Baby Doge Coin (BabyDoge) listed?
Currently, it is listed on a total of 0 among the world top 10 exchanges.
What is the market cap of Baby Doge Coin (BabyDoge) now?
Currently, Baby Doge Coin (BabyDoge) has a market cap of 6,683,329 USD, which is ranking 1295 among cryptocurrencies worldwide.
How much is the trade volume of Baby Doge Coin (BabyDoge)?
Currently, 0 coins are circulating through 1 market pairs. As a result, in the last 24 hours, 11 USD of coins were traded in the market.
