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What is Baby Doge Coin?
Baby Doge is a meme coin like Shiba Inu Coin and Dogecoin. The Baby Doge coin is also famous as the son of Dogecoin. Launched in June 2021 Baby Dogecoin is a relatively new cryptocurrency, but it has already captured the attention of many investors.
As we can see the Baby Doge coin is trending on Coin Market Cap and CoinGecko. 2022 can be a great year for Baby Doge as many new investors are believing in this project.
There are several negative views about this token, but statistics show that Baby Doge will continue to grow in the long run. Since Baby Doge Coin is so new and is getting quite a bit of attention, this might seem like the right time to buy. But before you do, there’s a lot you should know about this meme token.
Things to know about Baby Doge Coin
Baby Doge Community: One of the key strengths of Doge based coins is its die-hard community. Baby Doge is a completely decentralized cryptocurrency that belongs to its cheerful, enthusiastic community.
Instant Rewards: For each transaction in the Baby Doge network (buy or sell), 5% of the amount is disbursed to existing holders (HODLers). That means you earn more $Baby Doge just by holding it in your wallet. Watch as your Baby Doge develops day by day.
Locked LP: The order book is fully liquid. 5% of trade fees are paid as liquidity contributions. It reduces price volatility and raises the floor price over time.
Baby Doge Grows: Baby Dogecoin is a deflationary cryptocurrency that seeks to get rarer over time. All Dogecoin owners will receive more Baby Doge as long as they keep their coins in their wallets.
The Musk Factor on Baby Doge Crypto
The first recorded price of Baby Doge Coin was $0.000000000175 when it was first listed in the crypto market in June 2021 according to Coinmarketcap data. A month later, Tesla CEO and SpaceX co-founder Elon Musk tweeted about Baby Doge and it surged 180%. The musk tweet always causes a huge price surge in Dog based meme coins.
Baby Doge, doo, doo, doo, doo, doo,
Baby Doge, doo, doo, doo, doo, doo,
Baby Doge, doo, doo, doo, doo, doo,
Baby Doge— Elon Musk (@elonmusk) July 1, 2021
The Baby Doge market volume has seen a huge jump following Tesla founder Elon Musk’s tweets and the community support. Some more tweets of Elon could help the Baby Doge project to enter into the top 300 lists in the coin market cap.
The year 2021 is still remarkable for the Baby Doge’s performance. Now in 2022, the Baby Doge coin is gaining more attention from investors. If this performance continues the Baby Doge coin is going to hit the meme coin market again.
Can Baby Doge Coin hit $0.01, 0.1, $1, $10?
Before we step into the main question of “will baby doge reach $0.01, $0.1, $1, or $10?” Let us also know that there is a total supply of 420 quadrillions Baby Doge Coins. While 295 quadrillions tokens are currently circulating as 125 quadrillions (about 30%) have already been removed with coin burning.
After looking at the total supply of the Baby Doge Coin it’s pretty clear enough that it is not possible for Baby Doge Coin to reach $1 or even 1 cent in the next few years. But, there is an option of coin burning and premier exchanges listing that can boost the value of this meme coin.
As per some price forecast, after ending this decade Baby Doge coin may hit its 1 cent cap. If you want to know about the Baby Doge coin price forecast year by year, You can also check here Baby Doge Price Prediction 2022, 2025, 2030.
