Baby Dogecoin: What is Baby Dogecoin? What is it worth?
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Cryptocurrencies have etched a new image in 2021, with alternative tokens dominating the scene. Dogecoin is their chief frontrunner, gaining more than 10,000 percent of its value since January. Naturally, its success has spawned several spinoff tokens, the latest being a “junior” version.
What is Baby Dogecoin?
DOGE’s offshoots have primarily centred on the coin’s mascot, a Shiba Inu dog.
Developers based the original token on the “Doge” meme, making it a satirical currency.
New currencies using this central theme include Shiba Inu coin – and now Baby Doge.
Shiba Inu coin is one of DOGE’s first relatives, but Baby Doge is a newer project.
The coin’s Twitter account states it is less than a month old as it debuted 22 days ago.
Baby Doge’s website credits “fans and members of the Dogecoin online community” for developing it.
The site adds it is “hyper-deflationary” and comes with an “integrated smart staking system”.
The system allows people to add more coins to their wallets with each transaction.
And developers have boasted it has “new, improved transaction speeds” compared to DOGE.
Baby Doge hasn’t hit the mainstream in the same way Dogecoin has.
So far, it is only available via one exchange, Pancake Swap.
The token’s price is also minuscule compared to its competitors.
According to Coingecko, Baby Doge is worth just $0.000000002022, a value which doesn’t currently translate to Pound sterling.
The latest price is an increase, as yesterday, it was worth $0.000000001082.
Baby Doge’s latest price hike comes from the same source as Dogecoin’s earlier this year.
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Elon Musk took to Twitter earlier today and wrote another cryptocurrency tweet.
He appropriated lyrics from the well-known “Baby Shark” children’s song and replaced them with Baby Doge.
Mr Musk published his tweet at 10.24am BST, and Baby Doge quickly spiked.
The coin’s value shifted from $0.000000000916 at 10.16am BST to $0.000000001642 at 11.06am BST.
Baby Doge continued to grow from there up to its present value, where it appears to have plateaued for the time being.
Mr Musk’s tweet drew a wide range of responses, including some from Baby Doge’s social media team.
The account responded to the Tesla CEO saying “we love you Elon!”
The official account for US snack brand Slim Jim called him “Father Doge”.
Some of his followers were less than pleased, however.
One wrote: “Sorry but it not funny anymore. Find something else to keep yourself entertained.”
Another added: “He is messing up the entire crypto space.
“New ppl that enter think everything related to doge is the real crypto…and it’s just meme.”
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