On June 1, 2018, Baby Dogecoin became a memecoin. Founded by Christian Campisi – also known as BabyDogeFather – the coin takes its name from the father of memecoins – the Doge – but claims of being cuter and faster than Doge. Baby Doge refers to itself as the celebrated offspring of Doge, despite the fact that its Twitter name expressly indicates that it is unrelated to Dogecoin in any manner.
From very low-key inception, Baby Doge has exploded into one of the most popular memecoins in crypto. In this review, we’ll take a closer look at Baby Dogecoin and its price prediction, and the ideas that fueled its amazing run.
What is Baby Dogecoin?
Baby Dogecoin is a digital asset that was produced by the Dogecoin community online. According to the company’s website, “Baby Doge wishes to impress his father by demonstrating his new, enhanced transaction speeds and adorableness.”
Baby Dogecoin was meant to become rare over time as a deflationary token.
Take it from the coin’s white paper, ingeniously dubbed the Woof Paper: “Hyper-deflationary with a static reflection that rewards holders, so extra baby doge coins are deposited to your wallet automatically with each transaction.”
22nd February 2022 Update: Baby Doge coin is currently trading at $0.000000003199 with a fully diluted market cap of $1,335,544,648.50.
The Baby Doge Coin’s Mechanism of Operation
Baby Doge Coin is one of a growing number of new cryptocurrencies that charge transaction fees to encourage users to hang on to them. There is a 10% charge if you exchange Baby Doge Coin. What occurs next is as follows:
- 5% is proportionately awarded to all Baby Doge holders.
- 5% is divided and utilized to create a liquidity pool on PancakeSwap with Baby Doge Coin and Binance Coin (BNB).
To summarize, selling Baby Doge Coin results in a 10% loss. If you hold it, you will receive a share of the charge that the rest of the market pays when they sell. This is a rapidly spreading trend. The following are a few more cryptos that do a similar function:
- Safemoon.
- Elongate.
- Bonfire.
This is a well-worn trick. And, after a brief period of prosperity, those three cryptocurrencies had significant price declines. This is not a favourable pattern for Baby Doge Coin.
The Tokenomics
AdditionaBaby Doge Coin shares a large supply and a low price with other new cryptos. The 420 quadrillion tokens were the starting point. The developers are manually burning (destroying) tokens and have already burned over 125 quadrillions.
The pricing is where it becomes a little more difficult to understand, as it is only worth a tenth of a penny. According to CoinGecko statistics, the following are some of Baby Doge Coin’s highs and lows since its launch:
- On June 9, 2018, $0.000000000175 was the earliest opening price recorded.
- On June 24, it reached a record high of $0.000000002014, a 1,050 percent rise.
- On June 25, it had fallen 60% to $0.000000000799.
Upcoming Initiatives of Baby Dogecoin Crypto
The whitepaper and plan for Baby Dogecoin crypto detail a diverse set of objectives. To begin, the following are many of the most significant ones:
- Become a member of one of the world’s largest cryptocurrency exchanges.
- Baby Doge Swap will be launched as a decentralized cryptocurrency exchange.
- On the Baby Dogecoin website, you may pay with a credit card.
- Create a wallet allowing Baby Doge holders to keep track of their accumulated prizes.
- Establish a non-fungible token marketplace (NFTs).
The Baby Dogecoin appears to be superior to its father Dogecoin in terms of both nature and technology. Baby Doge’s quicker transaction speed and adorable personality are aimed at capturing the attention of his father Dogecoin and the whole DOGE community. At the moment, Baby Dogecoin appears to be incredibly volatile, but this is expected to change in the coming months.
The Baby Doge market volume increased significantly in the aftermath of Elon Musk’s tweet, and the community is also extremely close to reaching 500k members. However, one more tweet about Baby Doge might propel this project into the top 300 market cap rankings. Additionally, the Baby Doge conducted a massive token burn programme following its listing, with administrators reporting that 29 percent of tokens had been burnt.
Baby Dogecoin Price Prediction
Baby Dogecoin Price Prediction 2022
The Baby Doge was created unintentionally or for the stated purpose by Elon Musk following his tweet token’s 180 percent increase in 2021. Due to community support and Elon Musk tweets, Baby Doge may remain bullish and hit an all-time high in 2022. The Baby Doge Coin price might reach a maximum of $0.000000012 by the year 2022 if all goes well. While the average price is about $0.00000013, the minimum price is approximately $0.0000000019.
Baby Dogecoin Price Prediction 2025
The Baby Doge coin price is expected to prolong its bull run for the following four years, until early 2025. It is likely that the token will set a new all-time high of $0.0000029 after breaching its average price of about $0.0000017. If Baby Doge coin prices continue to decline, they might go as low as $0.00000097. The Baby Doge token has strong community support, which means it may continue to depreciate in value over the following four years.
Baby Dogecoin Price Prediction 2030
2030 might be a watershed year for the crypto market, and hence for Baby Doge Crypto as well. According to the Baby Doge Coin prognosis research, the Elon Musk baby dogecoin price is likely to surpass the $0.00023 average price level in 2030. While the estimated minimum price of Baby Doge Coin by 2030 is around $0.000091. If all goes according to plan, the Baby Doge crypto might achieve a maximum value of $0.00051.
Is Baby Doge Coin a Pump and Dump Cryptocurrency?
Since its inception, Baby Doge has experienced rapid growth in the crypto market. In 2021, Baby Doge Coin provided an excellent return to its first investors. Due to its extraordinary volatility, many traders have questioned whether Baby DogeCoin is a long-term investment or a pump and dump. The Baby Doge, on the other hand, is a community-driven token/platform that is building a Baby Doge ecosystem for the next generation of investors.
Baby Doge Crypto is a very new coin on the market, thus it’s natural for it to exhibit pump and dump behaviour. As evidenced by several crypto forums and Twitter, Baby Doge is a long-term player in the market. Baby Doge crypto values will grow in the next years as a result of the crypto community’s efforts. However, we will need to wait a few more months to make a more precise prediction on the Baby Doge coin’s future.
Should you Purchase Baby Doge Coin?
It is not advised to purchase Baby Doge Coins. Nothing distinguishes it as a cryptocurrency, and multiple concerning red flags exist.
The name is the first step. The sole reason a cryptocurrency is dubbed “Baby Doge Coin” is to capitalize on Dogecoin’s fame.
With ambitions to carve a Baby Doge into a mountain and start a religion, the roadmap does not appear wholly serious. Given that this is a memecoin, the absurdity is to be expected. However, the majority of investors would be hesitant to invest in a business that portrayed its business strategy as a joke. Baby Doge Coin does not receive a pass only due to its cryptocurrency status.
Conclusion
Cryptocurrency is a volatile market, and Baby Dogecoin might benefit from another surge in popularity to increase in value. Or, as has happened with previous cryptocurrencies similar to this one, the hype train might implode. If you’re looking to invest in cryptocurrency, it’s best to focus on long-term initiatives.
FAQs
Where can I buy Baby Dogecoin?
CoinMarketCap gives a list of purchase possibilities for each cryptocurrency (also known as market pairs). Visit CoinMarketCap and type in “Baby Doge Coin.” Near the price chart, click the “Market” option. This view will show you a comprehensive list of locations where you may acquire Baby Doge Coin, as well as the currencies that can be used to do so.
How to buy Baby Dogecoin?
If you prefer CoinMarketCap, then under “Pairs,” you’ll find the abbreviation for Baby Doge Coin, BabyDoge, as well as an additional currency. The second currency is used to acquire Baby Doge Coin. If you’re interested in purchasing BabyDoge in the United States Dollar, search for BabyDoge/USD.
Various systems provide varying degrees of security, dependability, and liquidity. Conduct research before to opening an account.
Each platform operates in a unique manner. Certain platforms are really simple to use, while others are not so much. In general, acquiring cryptocurrency using a fiat currency such as the US Dollar is easier than purchasing it with another cryptocurrency.
If you must acquire Baby Doge Coin using another cryptocurrency, you must first build a crypto wallet that supports Baby Doge Coin, after which you will purchase the first cryptocurrency and use it to purchase Baby Doge Coin on the platform of your choice.
