July 26, 2021

Baby Doge: Why is Elon Musk jacking up the price of this new crypto?

Baby Doge Coin (BabyDoge) could be the best asset to invest in this July since self-proclaimed Dogefather Elon Musk tweeted today about Baby Doge, a Dogecoin spin-off, and helped make increase its price by 130%.

Baby Doge, doo, doo, doo, doo, doo, doo“Musk tweeted in an apparent reference to the baby shark dance, a children’s song and YouTube’s most watched video with 8.8 billion views.

Baby Doge – a cryptocurrency baby who is only 22 days old – is currently trading at $ 0.00000000001516. That is, it is worth fractions and fractions of a penny. But its price has also increased by 549.5% since its inception, according to data from CoinGecko.

But what is Baby Doge and how is it different from the original canine cryptocurrency, Dogecoin?

Baby Doge shares much of the symbolism of Dogecoin, but has nothing to do with it technically – it is not a spin-off in that sense. Dogecoin is a cryptocurrency that exists on its own network of blockchains (also called “Dogecoin“, Much like Bitcoin and Ethereum.) Baby Doge is a token that runs on the infrastructure of another blockchain.

Baby Doge Coin (BABYDOGE)
Baby Doge Coin (BABYDOGE)

Dogecoin is a bifurcation of Luckycoin, a now-defunct cryptocurrency, itself from Litecoin. Litecoin, which is currently the fourteenth largest cryptocurrency, was born out of a bifurcation of Bitcoin. As such, the developers of Dogecoin strive to maintain proximity to the Bitcoin blockchain.

Baby Doge, a BEP-20 token, was developed on Binance’s Smart Chain. So, in terms of technical design, Baby Doge is more like Shiba Inu (SHIB), another counterfeit Dogecoin that was recently listed on America’s largest crypto market, Coinbase.

Why should you buy Baby Doge today?

Because it looks like it could be the next Dogecoin with 30,000% gains in a matter of months.

Thanks to market sentiment and the increased speed of transactions relative to its parent, BabyDoge cryptocurrency has seen its value skyrocket over the past week and its progress is accelerating. The price of Baby Dogecoin has risen by 50% today alone, and with trading volume rising almost 100%, the price of Baby Doge Coin could be about to skyrocket.

When you look at all of the other assets that are candidates for investment in July, none of them come close to the potential value creation of BabyDoge Coin.