Baby Doge Coin, or BABYDOGE, is a cryptocurrency created by fans of Doge - the meme based on the famous Shiba Inu, nicknamed Doge - and Dogecoin, the cryptocurrency that was initially created as a joke but subsequently became a community favourite. Although the foundation of BABYDOGE is based on Dogecoin, the cryptocurrency plans to offer users a greater level of functionality. As per the official website, Baby Doge Coin boasts of delivering “improved transaction speeds & adorableness” when compared to its “father” - Dogecoin. The coin was designed with deflationary characteristics and offers an integrated smart staking system devised to deliver lucrative incentives to token holders.
Like Dogecoin, Baby Doge Coin, thrives off community following. To help boost community adoption Baby Doge Coin developers have implemented a set of deflationary characteristics. Unlike Dogecoin which can be minted indefinitely - a feature that can potentially lead to inflation - BABYDOGE implements a fixed supply model similar to Bitcoin and Cardano. In addition, the protocol has implemented value-creating features known as Auto Burn and Auto-reflections. Auto-reflections is a feature that allows all token holders to enjoy a share of transaction fees collected within the Baby Doge ecosystem. 5% is collected from each transaction and transferred to all wallets holding BABYDOGE. Meanwhile, Auto Burn takes 41% from each transaction fee and sends it to a burning wallet, thus removing BABYDOGE from the circulating supply. These deflationary features coupled with a capped maximum supply means that, with time, the continual deflationary pressure on the coin may create more value for BABYDOGE holders. The developers of the Baby Doge Coin ecosystem have also created a Charity Wallet and Baby Doge Crypto Card. The platform’s Charity Wallet can be used to receive allocations of BABYDOGE that can then be sent to charity partners and the Baby Doge Crypto Card allows users to spend cryptocurrencies via retail outlets.
Baby Doge Coin (BABYDOGE) is the 167th largest cryptocurrency in the world by market cap, valued at $231,293,508. The current price of Baby Doge Coin is $1.455e-9, which is -0.930% lower than yesterday. Prices have ranged between $1.493e-9 and $1.435e-9 over the past 24 hours. All prices are listed in US dollars and accurate as of May 29, 2022 05:05 UTC.
| Coin symbol | BABYDOGE |
|---|---|
| Coin Marketcap | US$231,293,508 |
| Total BABYDOGE supply | 420,000,000,000,000,000 |
| Circulating BABYDOGE | 159,278,394,658,793,760 |
| Current price | US$1.455e-9 |
| All time high | US$6.345e-9 |
| All time high date | January 16, 2022 |
Historical prices compared with the price of US$1.455e-9.
| 1 hour | 0.23% |
|---|---|
| 24 hours | -0.93% |
| 7 days | -15.16% |
| 14 days | 58.09% |
| 30 days | -31.64% |
|---|---|
| 60 days | -56.83% |
| 200 days | -54.33% |
| 1 year | N/A |
Disclaimer: Cryptocurrencies, including Baby Doge Coin, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of BABYDOGE is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Baby Doge Coin or any other cryptocurrency discussed.
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