Baby Dogecoin is Here to Wow You For Good
The Baby of Dogecoin?
The BABYDOGE coin is not a Dogecoin offspring, despite the fact that it would make a fantastic narrative. It is, nevertheless, clearly inspired by memecoin and intends to build on it. Baby Dogecoin is a hyper-deflationary token that claims to be a better version of Dogecoin.
The meme coin has a market cap of $621 million and a supply of 420,000,000,000,000,000 or 420 quadrillion BABYDOGE (yes, that many).
However, despite the absurdity, BABYDOGE has managed to post a remarkable rally during a period when every coin was in decline.
The meme coin gained about 350 percent in the second part of December and the first half of January and is now trading at $0.000000003802.
This rally brought Baby Dogecoin to the attention of many investors, and it appeared to be one of the few trending coins on CoinGecko just a few days ago.
Not only was it trending, but the attention it garnered attracted hundreds of thousands of investors, bringing the total number of users to 1.325 million, surpassing Shiba Inu's total addresses, and setting a new milestone for the coin.
A large part of this expansion can be attributed to BABYDOGE's exposure to a wide range of external developments.
Its Effects
The popularity of coins like the Baby Dogecoin, which have little true long-term worth, is due to their name relationship with Dogecoin. This is also why, last year, Shiba Inu made it into the top ten cryptocurrencies.
It's no wonder that BABYDOGE would appeal to memecoin investors, given that the memecoin already has over 68.49 million addresses. Besides, the majority of DOGE users are in it for the trend, with only 0.48 percent of all addresses remaining active for more than a year.
