For a cryptocurrency that is only three weeks on the market, Baby Doge performance is quite impressive. On an annual basis, it has already increased by 460% since its creation according to Coingecko.Fpr your information, Baby Doge exploded on the stock market after Elon Musk’s tweets.
The big question that arises after the Baby Doge boom: will the major exchanges list the token on their platforms? As a reminder, Baby Doge’s current market cap is $ 0.2 billion.
Baby Doge is no longer a spin-off of Doge Coin. Now, it is a full-fledged cryptocurrency that was developed on the Binance Smart Chain. It also claims better block speed than Shiba Inu or even Dogecoin.
The connection between Dogecoin and Baby Doge is that it was developed by users of the Doge community. The developers present him as the worthy heir to Dogecoin.
In reality, there is no information on the identity of the developers of the crypto. But, we can confirm that this is not a scam. However, Baby Doge is not a very good investment option, it’s just a gamble.
Better to invest in Dogecoin! It is a well established cryptocurrency in the market. No need to remind you how much it has risen on the stock market over the year.
While it is true that it is traded below 60% of its ATH, it remains a viable crypto. The long-term goal of one dollar should not be ruled out.