The Ascent is a Motley Fool service that rates and reviews essential products for your everyday money matters. If you keep it, you get rewarded with a portion of the fee anytime someone else sells. For more information about how to buy crypto with fiat, check out CoinMarketCap’s education portal — Alexandria. If you’re looking to buy Baby Doge, it’s essential to understand the steps required for a successful purchase. 1 (and possibly the only) thing that is good about Baby Doge is its focus on charity. Baby Doge donates to Paws With a Cause, a charity focused on helping sheltered dogs.
Users can also use BabyDoge tokens to mint their 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 bitcoin and cryptocurrencies 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.
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.
It started with 420 quadrillion tokens
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.
Baby Doge Price History
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 it as a long-term investment.
- These fees are essential for maintaining and securing the blockchain network.
- BabyDoge has given over $1.5 million dollars to animal shelters.
- Irrespective of all the hype it is getting, baby doge coin is a meme coin that jokes in its road map about starting a religion and carving Baby Doge on a mountain.
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 opportunity and education in the world of cryptocurrency 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.
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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 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.
Is Baby Doge a Good Investment?
Odds are that we won’t ever see Mount Baby Doge or the church of the Baby Doge. The charity wallet is used to support Baby Doge Coin’s charity partners. On June 24, the crypto’s Twitter account announced a $75,000 donation to PawsWithCause, a nonprofit that uses community paint days to bring more attention to animals in local shelters. In 2023, the circulating supply of IOTX was 9,446,641,822 IOTX tokens.
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 receiving a wannacry ransomware alert 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.