The Baby Doge crypto coin has been rising steadily in recent weeks, which might be a sign of how fast cryptocurrency has been growing.
Is Baby Doge rising?
Per CoinMarketCap, Baby Doge coin’s price surged by 70% in 24 hours about one week ago. The coin jumped from $0.0000000012 to a high of $0.000000002187.
- The rise came as Dogecoin traded lower than it had been, according to Benzinga. This was a sign that Dogecoin’s younger brother, Baby Doge, might be set to become a Dogecoin killer if the trends continue.
Baby Doge vs. Dogecoin
However, experts recommend caution against diving deep into Baby Doge coin since it has no functional purpose right now in the real world.
- “If closely observed, Baby Doge has no practical use. Top and growing cryptocurrencies are ruling the crypto world as they serve a fundamental purpose. Hence, experts are quite uncertain about how long the hype will survive,” according to Analytics Insight.
But Dogecoin uses the blockchain to function, meaning it can be used for practical matters. There’s a reason why the Dallas Mavericks allow people to buy stuff from their team store using Dogecoin, after all, as I wrote for the Deseret News.