BabyDogeCoin reveals a new look on its website, priming itself for a good run this cycle as the altcoin market heats up
Beyond Mere Meme
The lovable BabyDoge has unveiled a new fresh look on its website as dog coin season starts heating up. BabyDogeCoin’s website redesign is part of its roadmap in ‘Phase 4 – Run’ when the community reaches 150,000 holders. The light-colored background is part of its makeover which represents the community’s light-hearted approach towards crypto assets.
Since its inception in June this year, the meme-based crypto has grown exponentially and achieved its Phase 5’s target of reaching 300k holders. At the time of writing, BabyDogeCoin is trading at $0.000000004697 in CoinMarketCap with the highest volume of transactions on OKEx.
BabyDoge in Comparison to Its Competitors
BabyDogeCoin is a spin-off from the popular Dogecoin ($DOGE). Therefore it is most likely to be compared to Dogecoin and another popular meme coin, Shiba Inu ($SHIB) which has been dubbed as the ‘Dogecoin Killer’.
BabyDogeCoin on its website makes the following attribute to its meme father – Baby Doge Coin has learned a few tricks and lessons from his meme father, Doge. A new crypto birthed by fans of the Doge Coin online community. Baby Doge seeks to impress his father by showing his new improved transaction speeds & adorableness.
Shiba Inu is now ranked in the ninth position with a fully diluted market capitalization of $37 billion. Dogecoin is just behind Shiba Inu at the tenth position with an almost equal market capitalization. The recent altcoin rally saw a massive surge of interest in meme-based coins, particularly on dog coins.
Dogecoin has dipped more than half from its all-time high in May after a series of tweets by Elon Musk sent the Dogecoin soaring. Shiba Inu recently hit an all-time high after a massive runup of more than 1000% in the month of October alone. If the interest continues to flow into these meme-based coins, would be an easy pick as it currently ranks at 2716th position on CoinMarketCap with a fully diluted valuation of $1.8 billion.
Invest With Caution
Meme coins have handsomely rewarded its communities. Whether the trend will continue or not is anyone’s guess. The surge in interest is often fleeting and this is evident from the huge dip in Dogecoin after reaching its high in May. Therefore, investors must exercise caution before dipping their toes into these crypto assets.
BabyDogeCoin was designed as a hyper-deflationary asset that has better transaction speed and automatically rewards its holders with a 5% redistribution for each transaction. BabyDoge is a community-based platform on the Binance Smart Chain. It has grown exponentially since its inception and has a slightly different aspiration, centered on animal-based charities.
To find out more about the popular BabyDoge, you can visit these official BabyDoge links:
Source : bsc.news
Founded in 2020, BSCNews is the leading media platform covering decentralized finance (DeFi) on the Binance Smart Chain (BSC). We cover a wide range of blockchain news revolving mainly around the DeFi sector of the crypto markets. BSCNews aims to inform, educate and share information with the global investment community through our website, social media, newsletters, podcasts, research, and live ask me anything (AMA). Our content reaches hundreds of thousands of global investors who are active in the BSC DeFi space.