What is Baby Doge?
Baby Doge is a cryptocurrency project created by fans of the Dogecoin community, who is seen as its father. Launched in June of last year, this asset stands out for its extremely fast and more affordable gas fees than Ethereum. Built on Binance Smart Chain, this project also has its own NFT marketplace. Investors with Baby Doge are rewarded with 5% of all trading fees as long as they hold this asset and can earn passive income. The project generally focused on transparency, trust, community and longevity. The project also has a mobile application called Baby Doge Card Pay. In this way, you can perform transactions such as adding fiat money via bank transfer, buying fiat money with crypto money.
You know, many investors and communities are criticizing Dogecoin for the lack of solid technology behind it and for being just a joke. Shiba Inu is of course the most prominent token among the meme tokens with its development work. We can say that Baby Doge is the rival of the Shiba Inu.
Burning Champion BabyDoge
Baby Doge, which has gained more than 2% in the last 24 hours, has started to be listed by Singapore-based cryptocurrency exchange BingX as of today. Announcing the listing news, the exchange said that they decided to list this asset due to high demand from customers. The cryptocurrency exchange will only support BabyDoge deposits and withdrawals via BNB Smart Chain.
Is It Promising Future?
Baby Doge, which attracts the attention of investors and industry stakeholders day by day, was listed by Deepcoin, a Singapore-based cryptocurrency exchange, in the past month. Baby Doge, which carried out the burning process on December 1, burned approximately one quadrillion tokens worth $ 1 million. The team stated that the source for BabyDoge monthly burns will not come from the tokens in its treasury because the assets are currently used for yield farming.
Listed on major exchanges such as PancakeSwap, OKX, Gate.io, Huobi, MEXC, Baby Doge is not yet listed on Binance. Considering that it is a project based on Binance Smart Chain, it would not be a surprise for Binance to list Baby Doge in the coming days. Even if it is listed on a big exchange like Binance, Baby Doge price can rally well.
What Experts Say
Baby Doge recently announced that the number of investors is increasing day by day on its Twitter account and announced the number of existing investors. According to the announced information, the number of BabyDoge investors is around 1,650,000. Since it is a new cryptocurrency and its price is very zero, experts cannot comment much. But the general consensus is that macroeconomic conditions must change for meme tokens to reach new heights.
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