Since five years ago, some of the most significant inventions of the virtual world have been happening, affecting the physical and real-world markets as well.
One of these innovations changed the pace of the game for currencies all around the world where the virtual currencies that had value and users could take advantage of this kind of valuable virtual assets.
Just like the Fiat currencies, such as the U.S. dollar or EUR, cryptocurrencies have their special and unique sides, such as the ability to go international among all nations worldwide. Most countries can use cryptocurrencies to purchase services and goods, and some users may invest in them.
Our main topic in two days’ article is a crypto token named baby Doge.
Therefore the main question is:
Is baby doge crypto worth investing in 2022?
Further, in the article, we will discuss this story of the baby doge and the prices this coin has been through since it came out on the BlockChain network.
And hopefully, in the end, we will get to the answer to whether baby doge crypto is worth investing in.
If you’re ready, prepare your resources and start with the article.
The story of baby doge
Before getting started on the history and the story of baby doge, we have to first talk about its father and original coin, the dogecoin.
A while back, the virtual community came up with an idea for a new token for the BlockChain, which included a new kind of coin based on a meme called the doge.
This man was inspired by a cute dog on the Internet, which had many followers and was favored by the online community, so the idea of turning the stock into a crypto token was a great idea; however, the reputation of the dogecoin didn’t last very long.
So the community came up with a new idea to make up for the loss dogecoin has made.
They created a new token for the BlockChain network named the baby doge and called it the legacy of dogecoin.
People that created this coin claimed that it is much faster and more adorable than its father, the dogecoin. However, these were just claims, and no one could pinpoint why this coin should be famous.
Although many individuals in the crypto community doubted this coin, it started rising in price and stock over the past year and finally made it into the list of the best coins and tokens that aren’t crypto that you can purchase.
This was a brief story about the baby doge token; however, in the next section, we will discuss the baby doge white paper.
If you’re wondering what that is, keep reading this article.
Briefly about baby doge white paper
Before getting started on the information on the baby doge white paper, we must first know what the white paper for crypto is?
When a new crypto coin emerges, the developers of that crypto token usually publish a document regarding the development purpose of the project and why you should invest in those tokens.
A cryptocurrency white paper is designed to inform the buyers of the market from the market shares statics formulas and diagrams of that specific coin.
So let’s talk about the baby dogecoin’s white papers.
In June 2021, baby doge emerged from the depths of BlockChain; however, at first, the developers of this coin were anonymous, and no one knew who invented this coin.
One of the factors on the baby doge white papers that set this coin aside from the rest of the crypto coins is how much holders showed interest in this specific coin in less than one month.
Statics showed that in the first 21 days of releasing the baby doge to the public, over 100,000 holders got their hands on the dogecoin.
The second factor that impresses us is the ability of baby doge swap, which allows this specific coin to swap to other cryptocurrencies via decentralized exchanges on the Internet and the network.
And the last factor that the publisher of the baby doge said is that one of the most significant income from the baby doge token is the NFT marketplace; a small share of every dogecoin that gets sold goes to a more substantial cause which is saving stray dogs from the streets.
This was a brief introduction to the baby doge white papers. In the article’s next section, we will discuss the baby doge’s price history.
Baby dogecoin prices history
One of these statements that constantly is changing about all of the crypto coins on the BlockChain network is their price.
Usually, the price of a crypto coin depends on several factors, such as fundamental news and technical analytics; however, when talking about dogecoin, everything was purely absolute at first.
At first, the price of the baby doge was practically $0.00; however, after one of the celebrities tweeted it about this specific coin, the prices went over the roof fast.
In only one day, the dogecoin price increased by over 4000%, and then the prices dropped fast again.
This is what we mean when we say the crypto market is volatile.
However, in the 9th month of 2021, the prices started to rise again because the baby doge got much more popular because of his father, the actual doge meme.
Although the prices started rising on this newly found coin, it never managed to reach the peak that it once was.
Even these days, the price of baby dogecoin is still dragging down from what it used to be, so it’s not going to be the best move to invest in baby dogecoin just yet.
Now, let’s move on to the article’s next section, which includes a great question.
Let’s find out.
What makes the baby doge coin unique?
When talking about cryptocurrencies, many factors make a good and decent cryptocurrency that you can safely trade and invest in.
One of these factors that makes the baby doge unique and different from the rest of the coins is the feed rate of this currency. Usually, most of the exchanges on the BlockChain network consider a 10% fee on every Trade being made with baby doge Coin.
This means that even when the trade volume rises, the fee stays reasonable and not too much.
Let’s lead with an example.
Imagine that you intend to transact $1 million worth of baby doge coins on the Internet. You have to pay a transaction fee to complete the transaction that you intend to perform.
In this scenario, you only have to pay a $100,000 transaction fee for $1 million worth of baby dogecoin.
The second factor that separates the baby doge from the rest of the coins is the speed of the transaction and Trade.
This currency was developed in good hands and with new technologies, so it is much faster than its father’s original dogecoin.
So as you can see, some characteristics of baby doge separate it from the other cryptocurrencies like Bitcoin or Ethereum.
Now that you know everything about the baby doge coin let’s proceed and get to the last section of the article, which is the final thoughts.
As you recall, using the virtual capital world is one of the most affordable and profitable places you can perform to gain advantage and money.
However, in this world, certain crypto coins will be very beneficial if you know about them, and it will make the process of trading and investing in crypto much more straightforward and effortless.
In this article, we talked about the history and the story of the baby dogecoin and how it is one of the new and unique coins that have been introduced to BlockChain users.
We hope that you will perform better in the market of cryptocurrencies
by the information we provided in this article.
We are happy that you stayed with us until the end of the “Is baby doge Crypto worth investing in 2022?” article. If you have any additional inquiries or opinions that you want to share with us, you can use the comment section below this article or the contact page on this website.