There are thousands of cryptocurrencies all over the world. Some of these coins include Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH) and Dogecoin (DOGE). But there is also a new digital asset called Baby Doge Coin (BabyDoge).
Most of us know Dogecoin. This is a meme cryptocurrency that became very popular thanks to Elon Musk and other community initiatives. There was a moment where Dogecoin was the only topic discussed among crypto traders. However, Baby Doge Coin is another digital currency that attracted the interest of several investors in recent days. In this blog, we tell you all about it.
Disclaimer: the information shared by AltSignals and its writers should not be considered financial advice. This is for educational purposes only. We are not responsible for any investment decision you make after reading this post. Never invest more than what you are able to lose. Always contact your professional. financial advisor.
Baby Doge Coin is a new cryptocurrency that was created by fans of the “original” Dogecoin. The main goal of this virtual currency, according to the official site, is to show fast transaction speeds and also adorableness. Isn’t that cute?
One of the things that are worth mentioning is that the coin is “hyperdeflationary.” As per the team behind this cryptocurrency project, this network rewards holders with static reflection. That means that users receive Baby Doge Coin every single time they process a transaction.
Through its deflationary project, Baby Doge Coin wants to become more scarce over time. There is a 5% fee for every single transaction that happens on the Baby Doge network. In this way, users get rewarded for holding their coins in their wallets.
Baby Doge Coin claims to have burned more than 29% of the supply. Additionally, they claim that out of the 5% of the redistribution, 29% will be distributed to the dead wallet. Baby Doge are burned with every single transaction that takes place.
Furthermore, there is a charity wallet that receives redistributions that they are used to support charity partners. Furthermore, Baby Doge is also very giving and it has decided to reward those users that are long-term holders. They are cooperating with different charity partners around the world such as Paws with Cause, a non-profit that works with 45 different shelters in the United States.
Now that we know what Baby Doge Coin is, we need to answer the following question: where can I buy Baby Doge Coin (BabyDoge)? The answer is very simple. You can do so in Pancake Swap.
Pancake Swap is one of the latest Decentralized Finance (DeFi) projects in the cryptocurrency market. This platform makes it easy for users to buy and sell cryptocurrencies without having to be worried about centralized exchanges.
Pancake Swap became popular after releasing its solutions on the Binance Smart Chain (BSC) platform, one of the fastest-growing blockchain networks in the world. Users can swap their coins for others in just seconds and for very low fees with this relatively new crypto exchange.
If you want to buy Baby Doge Coin, this could be one of the best platforms to do so. It might take some time until other exchanges (centralized) add support to this virtual currency. However, Pancake Swap could be the best place right now where to buy Baby Doge Coin.
Everyone is also now talking about Baby Doge Coin price prediction as the virtual currency has made some headlines in recent weeks. The virtual currency hit an all-time high of $0.00000002 per coin. But let’s also take into consideration that there is a total supply of 420,000,000,000,000,000 BABYDOGE according to CoinMarketCap.
However, there is no information on the circulating supply. This is why it might be difficult to understand which is the total market capitalization of this virtual currency. Many investors would start asking: can Baby Doge Coin reach $1?
The answer to the above question is certainly no unless the dollar becomes worthless such as the Venezuelan Bolivar. It is highly unlikely that Baby Doge Coin would ever reach $1. We should focus on percentage movements and how this could have a positive impact on the virtual currency.
If the entire crypto market continues moving higher, then we could see Baby Doge Coin reaching higher prices in the future. Nowadays, each Baby Doge Coin can be traded for $0.000000003647.
providing you with access to some of the most exclusive, game changing cryptocurrency signals, newsletters, magazines, trading indicators, tools and more.