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.