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Dogecoin

Baby Doge coin: Why the crypto token is rising

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The Baby Doge crypto coin has been rising steadily in recent weeks, which might be a sign of how fast cryptocurrency has been growing.

Is Baby Doge rising?

Per CoinMarketCap, Baby Doge coin’s price surged by 70% in 24 hours about one week ago. The coin jumped from $0.0000000012 to a high of $0.000000002187.

  • The rise came as Dogecoin traded lower than it had been, according to Benzinga. This was a sign that Dogecoin’s younger brother, Baby Doge, might be set to become a Dogecoin killer if the trends continue.

Baby Doge vs. Dogecoin

However, experts recommend caution against diving deep into Baby Doge coin since it has no functional purpose right now in the real world.

  • “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,” according to Analytics Insight.

But Dogecoin uses the blockchain to function, meaning it can be used for practical matters. There’s a reason why the Dallas Mavericks allow people to buy stuff from their team store using Dogecoin, after all, as I wrote for the Deseret News.

  • “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,” according to Analytics Insight. “Dogecoin and Shiba Inu both are better options to invest in as both show positive signs of growth in the future.”

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Dogecoin

Baby Doge coin: Can crypto token recover?

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Cryptocurrency tokens continue to recover from a recent market dip. And the Baby Doge crypto token remains one of the top coins to watch right now, according to reports.

What is baby doge?

Baby Doge coin is basically a variant or spinoff cryptocurrency token of Dogecoin. In fact, the Baby Doge coin website explained the token is hoping to use Dogecoin’s successes to grow even more.

  • “Baby Doge seeks to impress his father by showing his new improved transaction speeds & adorableness,” the Baby Doge coin website explained. “He is Hyper-deflationary with an integrated smart staking system built in to reward you, so more baby doge coins are being automatically added to your wallet each transaction. Simply Love, pet, and watch your baby doge grow.”

Is the Baby Doge crypto going to rise?

Per Yahoo! Finance, it helps that the Baby Doge crypto coin is currently listed on the Gate.io Exchange, which is one of the top platforms for trading cryptocurrency.

This is happening as the Baby Doge crypto token has been poised for a major jump. The coin has seen 20% to 80% jumps in recent days, AMB Crypto reports.

  • “The altcoin needs to be given due credit for faring well in such tough times,” according to AMB Crypto.
  • “You thought Dogecoin was a joke? Well, the joke has gone too far now. It would now seem that meme-coin variants that initially contended with each other are now giving the most prominent altcoins in the market tough competition,” AMB Crypto reports.

The rise of Baby Doge crypto

The Baby Doge crypto coin catapulted into the mainstream conversation because of Tesla founder Elon Musk, who tweeted about the coin, as I wrote for the Deseret News.

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