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. Only a handful of cryptocurrencies have ever passed a $100 billion market cap, and only Bitcoin has passed $500 billion. Odds are that we won’t ever see Mount Baby Doge or the church of the Baby Doge. Then you can trade another crypto, such as Binance Coin, for Baby Doge Coin. There’s a bit of a learning curve, but it’s not too hard once you get the hang of it.
BABYDOGE/USDT is a popular trading pair on the KuCoin Spot Market if you want to trade this token. Remember to DYOR before placing a trade, as crypto assets are subject to high market risks and unpredictability. After setting up your wallet, it is very simple to buy crypto on PancakeSwap or other exchanges.
Baby Doge Coin’s total supply was 420 quadrillion tokens, and the team behind it has manually burned (destroyed) over 125 quadrillion so far. Manual burns mean that the Baby Doge Coin team has full control of when and how many tokens get burned. BabyDoge is the most popular leading community meme built on the BNB chain.
It’s available on PancakeSwap — but not any major crypto exchanges
Unlike deflationary methods such as burning (in which tokens are destroyed) Baby Doge uses a 10% trade fee mechanism. Large numbers of coins priced at a fraction of a cent are common with new cryptocurrencies. Buying such a young cryptocurrency is a risky proposition. Baby Doge Coin doesn’t have much of a track record, and the reality is that most cryptocurrencies don’t make it. Because each individual’s situation is unique, a qualified professional should always be consulted before making any financial decisions. Investopedia makes no representations or warranties as to the accuracy or timeliness of the information contained herein.
How to Buy Baby Doge Coin
BabyDoge is the first meme community that holds a world record for most pet food donated in 24 hours. BabyDoge has given over $1.5 million dollars to animal shelters. Once the blockchain confirms the transaction, you should see the new currency in your wallet, likely listed with the symbol BABYDOGE.
Baby Doge’a price prediction
The BABYDOGE price could strengthen when the project’s developers add more services to its ecosystem. This would encourage on-chain activity, driving up opportunities for the community to earn rewards and encourage more investors to hold BABYDOGE tokens. BABYDOGE is a cryptocurrency based on the highly successful Dogecoin (DOGE) token. As one of the most popular Dogecoin-based cryptocurrencies, BABYDOGE, like DOGE, is highly volatile and light-hearted in nature.
The 10% fee is an incentive to hold on to Baby Doge Coin. If you keep it, you get rewarded with a portion of the fee anytime someone else sells. Safemoon, which launched in March, has the same type of fee. Sign up today for Stock Advisor and get access to our exclusive report where you can get the full scoop on this company and its upside as a long-term investment. Learn more and get started today with a special new member discount. Read more in our data-driven analysis of meme token speculations by IntoTheBlock.
The Ascent, a Motley Fool service, does not cover all offers on the market. They rely on marketing to build hype and push up the price. The team behind them and the earliest investors make money, while everyone who gets in too late loses. Baby Doge Coin started strong, but it’s hard to see any value in it as a long-term investment. Memecoins like this one — with no notable future plans or advantages over the competition — are a dime a dozen.
Things to Know Before You Buy Baby Doge Coin
Half goes back to the Baby Doge Coin holders, and the remaining half funds the PancakeSwap liquidity pool for Baby Doge, which may be burned or reinvested in the Baby Doge project. In the end, it’s still too early to tell what the future holds for this meme crypto, as it’s not paypal in talks to buy crypto storage company even a year old. Big brands, such as Newegg and the Dallas Mavericks, are embracing cryptocurrency payments to reach more customers and boost sales.
- Sign up today for Stock Advisor and get access to our exclusive report where you can get the full scoop on this company and its upside as a long-term investment.
- The primary utility for Baby Doge is building a fun meme community to spread awareness of animal welfare and pet adoption.
- You can increase your crypto holdings through BABYDOGE via the Baby Doge Swap dApp.
- But it’s more likely that people forget about it and move on to the next memecoin with a funny name.
- Amilcar has 10 years of FinTech, blockchain, and crypto startup experience and advises financial institutions, governments, regulators, and startups.
- If you are going to be a part of the Baby Doge Community, there are rules that we all need to adhere too, to keep this community from being the Wild West.
HODL BABYDOGE in your wallet to become a part of the Baby Doge community and receive rewards from fees generated via on-chain transactions in the ecosystem. BABYDOGE is among the more popular meme tokens in the crypto market, ranking sixth in the category in terms of market cap as of April 2023. You could consider investing in this token if you believe in the potential of memecoins or wish to support the charitable causes backed by the Baby Doge Army. The price of Baby Doge coin could also experience an uptrend when the crypto market trades bullish. A risk-on sentiment encourages investor confidence in meme tokens, increasing buying activity and supporting the BABYDOGE price statistics in the market.
Decentralized exchanges allow you to buy cryptocurrency with another cryptocurrency. However, Baby Doge has promised solutions that could make it an attractive investment and medium of exchange. A major concern privacy and information technology for those investing in meme coins is inflation, and Baby Doge has kept that under control with its token burn. The people behind Baby Doge claim to be Dogecoin fans, saying they’re out to complement Dogecoin by offering faster transaction speeds at lower costs than the father token.
Along the way you will encounter people coming here to disrupt and/or to spread fear, uncertainty, and doubt. (FUD) This is typical in Reddit and any other social platform. Therefore, Doing Your Own Research is important in helping you control your emotions and combat the FUD. We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been how to buy cardstarter previously reviewed, approved, or endorsed by included advertisers.
Favorable market sentiment toward cryptocurrencies in general and the memecoins, in particular, could support the BABYDOGE value in the market. A bullish sentiment can support the BABYDOGE to USD price, while a bearish mood could drive selloffs, weakening the price of Baby Doge token. It’s worth noting that Baby Doge Coin isn’t listed on any of the best cryptocurrency exchanges, however. Getting listed is a longshot, given that this is a memecoin with a low trading volume.