This article takes a closer look at Baby Doge Coin ($BABYDOGE), which is of the most popular meme-based crypto projects (with over 1.7 million followers on Twitter).
In case you are not already familiar with Baby Doge ($BABYDOGE), here is an introduction from its white paper:
“Launched in June 2021, Baby Doge Coin one of the fastest growing community in crypto memes. Baby Doge is on a mission to bring crypto to the average person while also helping save dogs in need. Baby Doge is built on binance smart chain with extremely fast 5 second block times and cheaper gas fees than ethereum.
“Baby Doge Coin has learned a few tricks and lessons from his meme father, Doge. A new crypto birthed by fans of the Doge Meme online community. Baby Doge seeks to impress his father by showing his new improved transaction speeds & adorableness. He is Hyper-deflationary with static reflection that rewards holders, so more baby doge coins are being automatically added to your wallet each transaction.“
One month after Baby Doge was born, SpaceX and Tesla CEO Elon Musk, who is a huge advocate for Dogecoin ($DOGE), sent out the following tweet:
Baby Doge became one year old on 1 June 2022:
$BABYDOGE’s recent price action has been stunning, with the token up 35.01% in the past seven-day period and 363.43% in the year-to-date (YTD) period, according to data from TradingView.
This very strong performance has helped $BABYDOGE to power its way into the top 80:
That tweet was two days. As of 12:10 p.m. UTC on 14 February 2023, $BABYDOGE is trading around $0.000000004054 and is the 72nd most valuable cryptoasset with a market cap of $647,252,473.
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