Baby Dogecoin Price

Baby Doge is a crypto token that is going crazy right now. Baby Doge is the younger brother to the extremely popular Doge Coin, but this one has a couple of unique features. Featuring things such redistribution and a burn feature that should increase the value of the coin over time due to increased scarcity.

What have they achieved so far?

Launching only on the 1st June 2021 Baby Dogecoin has broken their own milestones, reaching nearly 50,000 wallet holders within the space of 10 days, a $107 Million dollar market cap at the time of writing as well as managing to get partnered sponsorships with the likes of Soulja Boy as well as a very strong community behind them. These are all great things when looking at the future for the Baby Doge Coin.

What are the main features of the Baby Dogecoin?

When looking through their website they state that it is designed to become scarcer over time, this linking to the burn feature. The burn feature automatically burns 2.5% of each transaction, so for example if someone sells 1,000,000 Baby Doge then 25,000 coins are automatically burned from the maximum total. Along with this feature there is also the 5% redistribution of tokens to token holders. That means that just by holding Baby Doge in your wallet, your wallet will grow overtime from other users’ transactions.

Baby Doge boasts that they are a community powered coin, by being fully decentralised and being owned by the community. Welcoming everyone to help mould the future of Baby Doge. Baby Doge is also in talks about a donation for the near future for the likes of a community chosen charity.

Baby Dogecoin is also in the process of trying to get listed onto CMC (Coinmarketcap). When looking at other coins in the past this will be a huge leap in the terms of growth for Baby Doge opening more eyes onto the coin which can see rapid growth after release, as well as bringing a higher sense of security for new investors into the coin.

How to Buy Baby Dogecoin

Send BNB from Binance to my Trust Wallet then swapped my BNB for Smart Chain BNB. After this simple open pancake swap through the trust wallet app, imported the address from the babydogecoin.com website and then swapped the Smart Chain for Baby Dogecoin.

The whole process only taking a few minutes. Understandably if you haven’t used Binance, Trust Wallet or Pancake swap before this process will take longer with signups etc.

Luckily though this is also something that they are hoping to have made easier in the future to allow people to buy straight from card to wallet which will make the whole process 10x easier!

Pros and cons of Baby Dogecoin

• Pros: Amazing features!

There are so many features hosted by Baby Dogecoin such as the auto-burn the redistribution, the fact it is quicker than most larger cryptocurrency transactions. There are a whole host of features which is amazing for a coin in such an early stage of its development and growth.

Community driven!

Being a coin that is driven by community suggestions and group decisions is amazing. Giving the people the say in where money is donated, future growth for the coin etc. Being apart of this coin isn’t just an investment just by joining the discord or the telegram you can see the sense of community that the people invested have.

Goals

Just by going onto their website you can see that they have their heads screwed on. They have a 6-phase roadmap currently shown on the site. (In the AMA I do believe they said that this is getting updated and obviously different goals will be reached at different times, so it is not a set-in stone roadmap). It outlines the main objectives for the future and what they are hoping to achieve. For example, phase 3; they are wanting to achieve 100,000 holders, 100,000 telegram users, they are wanting to have a large influencer marketing push to help with growth, they are wanting to list on major coin exchanges. As well as this they are staying true to their grass roots and wanting more memes from the community.

Giveaways!

This is not I normally see in a community for a cryptocurrency coin. Not saying it’s the first time I’ve seen it but they do an amazing job of it. Just simply by joining the discord or looking at their twitter you can see that they are wanting to share success with the community, just today giving away over 2 trillion coins in the community worth around $704 for no cost just being a part of the community.

• Cons: It’s new!

If you have ever invested in anything new you should know that it’s risky. It could go up, it could go down, only time will tell. It is impossible at this stage of development to say where it will end up in 10 days’ time let alone 1 years’ time. Investing in something this new and this small is a risk. If the coin fails and does not get the traction that is needed to grow, then it will lose value. Going off what I talked about in the pros because each coin is so small and there are not many investors now, if a large portion sell then the price will dramatically drop very quickly.

Trust and security!

With it being so freshly founded and only releasing 10 days ago it is hard to say what the future holds. It is hard to know about the founders of the coin and what their actual intentions are, and these are the risks with any coin. For example, even the founder of Bitcoin has loads stashed away that could be sold at any point and ruin the Bitcoin market, no one knows. That is where the auditing comes in to provide extra security and trustworthiness to the coin and gives investors a bigger sense of security.

Conclusion

To conclude this, I think that Baby Dogecoin is a great investment for anyone already in the crypto market and anyone wanting to get into it. It’s such early stages that it’s almost crazy not to invest even a little bit into it. With the features listed and even the process I went through buying it and being apart of the community for a few hours has given me great faith in the future of this coin. Of course this isn’t without risk, their is risk with any investment and this is a high risk investment. The coin could go splat tomorrow and be worthless and I’ve lost my investment, only time will tell but for me the risk is worth it.

Like with all crypto and all investments DO YOUR OWN RESEARCH BEFORE INVESTING. Don’t just listen to me, do your own research and decide for yourself it is something you believe in and if it’s something that you think can grow into something bigger.

Baby Dogecoin Price Prediction

You may ask questions like: “Should I invest in Baby Dogecoin now?”, “Should I buy babydoge today?”, “Will Baby DogeCoin be a good or bad investment in short-term, long-term period?”.

.If you are trying to find cryptocurrencies with good return, you should explore the maximum of available sources of information about Baby Doge Coin in order to make such a responsible decision about the investment by yourself.

Baby DogeCoin price equal to $0 USD today, but the price can go both up and down and your investment may be lost, because cryptocurrency high-risk assets

Baby Dogecoin price poocoin

Financial Advice

This is NOT financial advice, this is my opinion and what I believe are the best features and cons of the Baby Doge Coin. I am not telling you to invest and any losses I am not liable for.

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