English (UK) It does not come as a surprise to anyone that baby doge coin is creating so much hype. It was launched on June 1, 2021 and saw a 1,000% price spike within just two weeks of that date. By the third week, it had a market cap of a whopping $200 million, and in the fourth week, there were 160,000 holders of the coin. It’s worth noting that Baby Doge Coin isn’t listed on any of the best cryptocurrency exchanges, however. Getting listed is a longshot, given that this is a memecoin with a low trading volume.
Users can also use BabyDoge tokens to mint their bitcoin leads cryptocurrency sell creations as NFTs. Notably, BabyDoge holds the unique distinction of being the only meme coin with an official world record for aiding in dog welfare, having donated over 81,000 pounds of dog food. The Paw Board on the BabyDoge website describes five phases for achieving those goals. Given that Phase 2 includes being listed on CoinGecko and CoinMarketCap, neither of which has indicated a listing is in the works, it appears that baby doge could be stuck in Phase 1 indefinitely.
BabyDoge is the top community-driven meme coin on the BNB Chain. Originally created as a playful project to promote animal adoption, BabyDoge gained immense popularity after a tweet from Elon Musk, turning it into a beloved pop culture icon. Its main purpose is to build a vibrant meme community focused on animal welfare and pet adoption awareness. The BabyDoge AI image generator enables users to create AI-based BabyDoge characters, memes, and images effortlessly, even without design skills.
Users of the IoTeX network need to spend IOTX tokens to pay transaction fees when conducting operations on the network. These fees are essential for maintaining and securing the blockchain network. BabyDoge is the most popular leading community meme built on the BNB chain. BabyDoge is the first meme community that holds a world record for most pet food donated in 24 hours.
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However, if its partnership with CoinPayments takes off, it’s possible that baby doge coin could have utility as an e-commerce currency. Of course, that wasn’t baby doge coin’s first or only only spike. A smaller but still significant 22% spike occurred in February, when the token was listed on the Huobi cryptocurrency exchange. The listing also resulted in a 443% spike in trading volume, Benzinga reported at the time. The live Baby Doge Coin price today is $2.14e-9 USD with a 24-hour trading volume of $45,451,934 USD. The current CoinMarketCap ranking is #159, with a live market cap of $328,067,920 USD.
- First, set up a digital wallet, such as the Coinbase Wallet or Metamask, and connect it to an exchange that sells a base currency you can later exchange for baby doge.
- The tokens are used as gas for transactions on the IoTeX blockchain and govern the underlying blockchain protocol.
- However, a coin with no practical utility and a cap of 420 quadrillion coins can hardly be considered scarce — even after nearly half have been burned.
- Originally created as a playful project to promote animal adoption, BabyDoge gained immense popularity after a tweet from Elon Musk, turning it into a beloved pop culture icon.
- The current CoinMarketCap ranking is #159, with a live market cap of $328,067,920 USD.
- A unique feature of IoTeX’s tokenomics is the “Burndrop” system.
Baby Doge Coin news
Built on the BNB Chain, BabyDoge maintains compatibility with the Ethereum ecosystem. There’s always the slim chance that Baby Doge Coin has another hot streak and shatters its all-time high. But it’s more likely that people forget about it and move on to the next memecoin with a funny name. Baby Doge Coin started strong, but it’s hard to see any value in white label trading platforms financial charting multi asset developer apis and more it as a long-term investment.
How to Buy Baby Doge Coin
This structure could increase the value of IOTX over time, making it a potentially attractive investment. Another attractive aspect of IoTeX as an investment is its EVM-compatible blockchain. This compatibility allows for seamless integration and interoperability with other major blockchains like Ethereum, BNB Chain, and Heco. Moreover, the EVM compatibility enables EVM-based dApps to scale on IoTeX without incurring high gas fees. BabyDoge is the only meme with an official world record for helping save dogs donating over 81,000 pounds of dog food. Baby Doge Coin is a 10 week old cryptocurrency on the Binance Smart Chain.
It has a circulating supply of 153,575,398,313,908,160 BABYDOGE coins and the max. First, set up a digital wallet, such as the Coinbase Wallet or Metamask, and connect it to an exchange that sells a base currency you can later exchange for baby doge. On PancakeSwap, for example, you can trade binance coin for baby doge coin, so you might purchase binance coin as your base currency. Then, on PancakeSwap or another decentralized exchange, you connect your wallet and swap your base currency for baby doge.
The @babydogeburn_ Twitter account noted on that day that 29.7 quadrillion tokens had been burned over the previous 24 hours. Some have made the argument that baby doge compares favorably to dogecoin in that how to sell shib dogecoin has no cap on its coin supply. However, a coin with no practical utility and a cap of 420 quadrillion coins can hardly be considered scarce — even after nearly half have been burned. Bitcoin, for example, has true scarcity — its cap is 21 billion coins, over 19 billion of which are already circulating.
Memecoins like this one — with no notable future plans or advantages over the competition — are a dime a dozen. We’ve found one company that’s positioned itself perfectly as a long-term picks-and-shovels solution for the broader crypto market — Bitcoin, Dogecoin, and all the others. In fact, you’ve probably used this company’s technology in the past few days, even if you’ve never had an account or even heard of the company before. A unique feature of IoTeX’s tokenomics is the “Burndrop” system. In this system, the increasing number of devices orchestrated by IoTeX leads to the deflation of IOTX.
