Do Dogecoin, Shiba Inu, And Baby Doge Make Meme Coins A Good Investment?

by | Feb 6, 2023 | Altcoin News | 0 comments

Who could have predicted that felines would play second fiddle? The other dog-themed meme currencies all started as the underdogs. Big Eyes Coin (BEC) has arrived, elbowing out Dogecoin (DOGE) and Shiba Inu (SHIB) (BIG) and Baby Doge. This page will explain the origins of these coins and reveal what they have been through. Do Big Eyes Coin have a chance to make the same mistakes again? More than 200 meme coins have indeed been created since this event began to ripple through the cryptocurrency market.

Also Read: Big Eyes Coin Intends To Raise As It Aims To Quench Meme Coin Competitors

While the concept of meme coins may have been born in jest, several have found real-world applications and generated enormous profits for their early investors. Twenty million dollars has been raised in pre-sales, making this one of the most successful cryptocurrencies in recent memory. Dogecoin (DOGE) is an inflationary cryptocurrency that uses the popular internet joke Doge as its mascot. It was created by software programmers Billy Markus and Jackson Palmer in 2012, which is four years after the creation of Bitcoin (BTC). Is now a good time to invest in meme coins, considering their meteoric rise, widespread media coverage, and support from major figures like Elon Musk, one of the world’s wealthiest individuals?

Here is everything you need to know about Baby Doge

The Baby Doge currency was created solely for the use of the Dogecoin online community. The website also boasts about how it is “happy to run with its father,” which it says benefits the community with “fairness and openness.” Every time you purchase this coin, you’ll be able to accumulate more of it because it’s built on a clever integrated system. Elon is a big proponent of both Dogecoin and its offspring, Babe Doge, which now has a market cap of roughly US$304,458,000.

Also Read: Dogecoin May Switch To Proof-Of-Stake — Miners’ Fates Are In Question

There is a six-stage plan in place for the development of Baby Dogecoin. After a website revamps and a rise to over 25,000 members, Baby Dogecoin was issued in a total supply of somewhere around 420 quadrillion tokens. Token burning times and quantities are entirely under its control. There is a 10% charge added to all Baby Dogecoin trades. Baby Dogecoin holders will receive a 5% bonus. Half of this 5% is allocated to Baby Doge and the other half is converted into Binance Coin. That’s why it’s so useful that these two cryptocurrencies can be traded for one another: to provide a pool of buyers and sellers. The transaction fee is deducted from the sale of your coins.

What’s the deal with Dogecoin, Shiba Inus, and Little Doges?

In light of this new information, it is clear that Baby Doge serves no useful purpose. Since they solve a fundamental need, top and growing cryptocurrencies dominate the crypto sector. Dogecoin and Shiba Inu, on the other hand, are safer bets due to their demonstrated potential for growth. Accordingly, industry insiders are split on whether or not the buzz will last. Cryptocurrencies based on blockchain technology have a lot of potential investors because of the decentralized methods they can use. Unlike Baby Doge, it serves a useful purpose here. As a result, Dogecoin is a fantastic financial asset. The price of Baby Doge went up after a single tweet from Elon Musk. However, this tweet-enabled coin’s long-term performance is largely unknown.

Also Read: Big Eyes Coin’s Offer Will End As Shiba Inu And Dogecoin Continue To Soar

The market capitalization of the top 10 cryptocurrencies includes Dogecoin among them. However, Dogecoin relies on blockchain technology to operate. Shiba Inu, like Dogecoin before it, is a cryptocurrency that runs on the Ethereum network. You can’t just play around with this coin; it’s an integral feature of the decentralized exchange platform. After Elon Musk’s tweet, the value of the Shiba Inu token, which was housed on Uniswap, increased by more than 300%. Once again, Shiba Inu is a practical application that runs on blockchain technology. Based on Ethereum, the second largest cryptocurrency, Shiba Inu is expected to grow, according to industry experts.

Dogecoin’s market cap and popularity skyrocketed early in 2021. Of course, Elon Musk’s comments also helped spread the word about Dogecoin and hastened its rise in popularity. Baby Dogecoin is a cryptocurrency that has gained popularity largely as a result of tweets, making it difficult to make accurate predictions regarding its future value at this time.

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