Bobos & Wojaks

Get Rich Or Die Tryin

Is There Any Hope For Baby Doge?

 

The Baby Doge logo is a smaller Shiba Inu dog that also appears on the tokens. With partners like Paws with Cause, it also sends out a social message about preserving dogs. Each transaction will contribute 5% to the liquidity, according to Baby Doge. Additionally, the token holders receive 5% of each transaction. Because crypto is still in its infancy, its current market value is $0.5 billion.

 

It has only been on the market for a month, and its growth had been questioned before Elon Musk’s post, especially given the abundance of crypto assets on the market these days. But, similar to how DogeCoin took off, Musk’s unexpected tweet on Baby Doge was enough to double the cryptocurrency’s value in a matter of days.

Baby Doge was simply another cryptocurrency trying to expand its network and gain traction in the market.

But, seemingly out of nowhere, the digital currency received strong support from Elon Musk, Tesla’s CEO, in the form of a single tweet.

He tweeted, “Baby Doge, doo, doo, doo, doo, doo, doo, doo, doo, doo, doo, doo, doo, doo, doo, doo, doo, doo, doo, doo, doo, doo, doo, doo, doo, doo, doo, doo, doo, do

Baby Doge’s worth increased as a result of this. #babydoge trended a few days after that

Baby Doge’s foundation claims to be delivering significant incentives for early investors and exciting future plans, like giving away a Tesla when its market worth exceeds $250 million. However, charging a ten percent fee for each transaction is a turnoff for most investors, especially those who don’t expect to stay long. Furthermore, the Baby Doge is said to have no practical application. It could ride another wave of popularity, causing its prices to rise, but that’s about it. Many people believe that the Baby Doge is not an ideal cryptocurrency for long-term profit.