Excited about Baby Doge? Here’s all you need to know about it – Moneycontrol.com

Excited about Baby Doge? Here’s all you need to know about it – Moneycontrol.com

“The objective is to impress my father by demonstrating my new increased transaction speed and cuteness.”

That’s how Baby Doge, the recent addition to the cryptocurrency bourse and the month-old offspring of the already popular Dogecoin is being described. Its claim to fame? With a Shiba Inu dog staring back at you endearingly, Baby Doge offers faster transaction speed and is a yield-farming token based on an integrated smart staking system, which means that the more you transact in it, the more money gets added to your wallet. 

Ambitious Aims

Founded on June 1, 2021, the first recorded price of the baby dogecoin was $0.000000000175. With a six-step establishment programme in place with a total supply of 420 quadrillion tokens, it is the last stage where things get heated, quite literally! Think physically burning 125 quadrillion tokens and manifesting a full-blown Baby Dogecoin religion with a market capitalisation of $500 billion! Currently, 1 Baby Doge equals merely $0.0000000061, which amounts to just 0.04 percent of the current market capitalisation of Bitcoin. 

At the moment, Baby Dogecoin has a market capitalisation of almost $304,458,000, endorsed by the mercurial Elon Musk, Tesla’s founder, whose frequent supportive
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