![](https://investorshub.advfn.com/uicon/126633.png?cb=1684775399)
Tuesday, July 06, 2021 10:18:52 AM
COMPARING BABY DOGE, DOGECOIN AND SHIBA INU. WHICH IS BETTER?
CRYPTOCURRENCY LATEST NEWS
by Priya Dialani July 6, 2021
Knowing details of Dogecoin v/s Baby Doge v/s Shiba Inu
Baby Doge, doo, doo, doo, doo. If this tweet of Elon Musk is making you wonder and rack your brains, don’t worry, as this is a new cryptocurrency. Regarded as the offspring of popular Doge, Baby Doge is gaining a lot of traction. Nonetheless, meme-inspired coins are growing with initially Dogecoin entering the market, then Shiba Inu, and now Baby Doge. So are you confused about which coin you should invest in? Baby Doge, Dogecoin, or Shiba Inu? Let’s find out.
What is Baby Doge?
If we go by the website, Baby Doge is simply a coin meant for the fans and members of the Dogecoin online community. The website also states that it is proud to run with its father, which provides fairness and transparency to the community. This coin is based on an intelligent integrated system that enables you to add more money to your wallet with every transaction. What does this coin intend? “The objective is to impress my father by demonstrating my new increased transaction speed and cuteness” Voila, you have a new cryptocurrency – Baby Doge.
It is just a month-old cryptocurrency, founded at a price of US$0.000000000175. In just a month, the Baby Doge community had hit 200k holders. Currently, the market capitalization of Babe Doge is around US$304,458,000 and is highly supported by Elon, who also supports its father Dogecoin.
Baby Dogecoin already has a six-phase strategy in place. Having crossed 25,000 subscribers and a website overhaul, there were around 420 quadrillion tokens of Baby Dogecoin. Here, it owns complete ownership of when and how many tokens are burned.
For Baby Dogecoin, a 10% fee is levied when transacted. If you own Baby Dogecoin, you will get a bonus of 5%. From this 5%, half is kept with Baby Doge, and the other half is traded for Binance Coin. Therefore, users can trade between these two cryptos, serving as the liquidity pool.
The fee is charged when you sell your coins. If you hold it, you will get a commission from the sale price when someone sells it.
However, the supply of Baby Dogecoin is limited, unlike Dogecoin. The founders of Baby Doge say that the coin is hyper-deflationary, which means the supply of the coin contracts and does not expand.
Dogecoin v/s Baby Doge v/s Shiba Inu
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. Baby Doge’s price increased due to one tweet from Elon Musk. However, in the long run, it is difficult to predict the performance of this tweet-empowered coin.
On the other hand, Dogecoin is one of the top 10 cryptocurrencies as per market capitalization. In the initial months of 2021, Dogecoin soared in popularity and trading volume as well. Elon Musk too was accelerating the adoption of Dogecoin through its tweets, of course.
Dogecoin, however, functions on blockchain technology. Investors are looking forward to cryptocurrencies that are powered on blockchain technology as it leverages decentralized models. Here, it definitely has a practical usage compared to Baby Doge. Hence, Dogecoin is a great investment.
Shiba Inu was inspired by Dogecoin and is hosted on the Ethereum blockchain. However, don’t take this coin as a joke because it works as a part of the decentralized exchange website. The principal coin Shiba Inu token was hosted on Uniswap, which then rose by more than 300%, again thanks to Elon Musk’s tweet.
Shiba Inu again serves as practical usage, functioning on blockchain technology. Experts believe that Shiba Inu will grow because it is based on Ethereum, the second-largest cryptocurrency in the world.
Investing in Baby Dogecoin can be a risky affair as it is very soon to predict about the crypto that is steaming only due to tweets. Dogecoin and Shiba Inu both are better options to invest in as both show positive signs of growth in the future.
Discussion Board CRYPTOCURRENCY ROUNDTABLE
For sharing information ... tips, tricks, Q&A.
https://investorshub.advfn.com/Cryptocurrency-Roundtable-39717/
Recent SHIBUSD News
- British Mega Bank Standard Chartered Says Bitcoin Will Hit $100,000, Here’s When • NEWSBTC • 07/03/2024 11:00:11 PM
- Analyst Says Bitcoin Is Hitting Range Bottom, “Right Before The Fireworks” • NEWSBTC • 07/03/2024 03:30:12 PM
- PEPE Bullish Signal: Whale Withdraws $14.7 Million Stack From Binance • NEWSBTC • 07/02/2024 11:00:38 PM
- XRP, Cardano Primed For Market Moving Bullish Earthquake as Solana ETF Wave Gains Momentum • ZyCrypto • 07/02/2024 06:20:00 PM
- Shiba Inu Starts July On A High Note: Burn Rate Surges 16,854%, Trading Volume Rises 170% • NEWSBTC • 07/02/2024 02:00:03 PM
- SHIB Binance Delisting Creates Bullish Opportunity for Low Cap Altcoins: Why PlayDoge Could Skyrocket 5,000% Ahead of Binance Listing • ZyCrypto • 07/02/2024 01:52:53 PM
- Bitcoin Q3 Rally Possible As Miner Selloff Finishes, Quant Says • NEWSBTC • 07/02/2024 03:30:26 AM
- Shiba Inu Could Spark Millionaire Boom With Crazy $0.001 SHIB Price as SHIB Burn Rate Soars 3,000% • ZyCrypto • 07/01/2024 06:43:31 PM
- Shiba Inu ‘Underbought,’ While Bitcoin ‘Overbought’ Recently: Santiment • NEWSBTC • 07/01/2024 05:30:30 PM
- Dogecoin Could Eclipse $1 Mark This Bull Run, Predicts Analyst • NEWSBTC • 07/01/2024 02:30:25 PM
- Coinbase Submits Filings With CFTC To List Futures Contracts for Chainlink, Shiba Inu and Three Other Altcoins • The Daily Hodl • 06/30/2024 04:55:29 PM
- Bitcoin Remains Bullish As New BTC Addresses Surge To New 2-Month Highs • NEWSBTC • 06/30/2024 02:30:10 PM
- 14,000 BTC Transferred To Exchanges In Four Days – Worrying Trend For Bitcoin Price? • NEWSBTC • 06/30/2024 09:30:41 AM
- Meme coins have an important role to play in crypto • Cointelegraph • 06/29/2024 10:14:10 PM
- Shiba Inu Army On The Move: 35 Billion SHIB Invade Shibarium • NEWSBTC • 06/29/2024 01:00:17 PM
- Is The Bitcoin Bottom In? Crypto Expert Predicts Bullish Price Reversal • NEWSBTC • 06/29/2024 02:00:12 AM
- XRP, Shiba Inu, Cardano ETFs to Reach SEC’s Table Soon As Solana Makes Headway Into Wall Street • ZyCrypto • 06/28/2024 07:11:47 PM
- Mpeppe Keeps Rising — Brett, BONK, SHIB Release Losses • ZyCrypto • 06/28/2024 04:50:38 PM
- Spot Solana ETFs: Analyst Says Don’t Get Too Excited About The Market Recovery • NEWSBTC • 06/28/2024 02:00:03 PM
- Dogecoin To The Moon? Crypto Analyst Predicts 440% Price Increase • NEWSBTC • 06/28/2024 08:15:31 AM
- BlackRock Global Allocation Fund Reveals Major Bitcoin ETF Stake With 43,000 Shares • NEWSBTC • 06/28/2024 05:00:45 AM
- Experts Bullish On Ethereum ETFs Launching July 4, Predicting Potential Surge Beyond $7,000 • NEWSBTC • 06/28/2024 02:00:21 AM
- Largest dogwifhat (WIF) Holder Accumulates More Coins While Other Memecoin Whales Capitulate: Lookonchain • The Daily Hodl • 06/28/2024 12:00:23 AM
- Dogecoin Profitability Rises To 75% As Shiba Inu Plunges To 52% • NEWSBTC • 06/27/2024 05:30:48 PM
- BlockDAG’s X10 Miner Opens The Doors To Earn $2000 Daily During SHIB, PEPE Facing Bearish Movements • ZyCrypto • 06/27/2024 04:12:12 PM
FEATURED Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM