In 2013, a new cryptocurrency called Dogecoin was created as a joke mocking the Bitcoin craze. And yet, Dogecoin has become a surprisingly valuable cryptocurrency. Last year in August, a mysterious developer began issuing the Shiba Inu coin, Dogecoin’s canine mascot, parodying the initial joke.
Shiba Inu has had a significant impact on the speculative digital asset markets like no other cryptocurrency has. The two meme-coins, both of which are inspired by Shiba Inu dogs, are currently among the top 10 by market capitalization. As a result, Floki Inu, Doge Token, Kishu Inu, Dogelon Mars, and more than 20 other dog-themed coins have been created.
Baby Dogecoin (BABYDOGE) is yet another adorable and entertaining dog-themed digital currency, which was recently Elon Musk’s new favorite cryptocurrency. Many followers describe it as “Dogecoin’s son” attempting to impress his father by demonstrating improved transaction speeds and adorableness.
Throughout this article, we’ll cover everything regarding BabyDoge. We’ll do everything we can to make things easy to understand. To summarize, we’ll give our price prediction for BabyDoge and offer a guide on how to acquire this cryptocurrency. Stay tuned!
Baby Dogecoin Fundamental (BABYDOGE) Analysis
The success of Dogecoin inspired the creation of a spin-off cryptocurrency called BabyDoge. Yes, the joke has gone too far now. The baby dogecoin was created on June 1, 2021, by the Dogecoin community and its first recorded price was $0.000000000175.
According to the BabyDoge website, “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.”
The company has also tried to gain popularity through marketing campaigns and charity events. The Baby Doge community, for example, has given more than $100,000 to the Metro Atlanta animal shelter to aid in saving dogs The group also helped Furkids Animal Rescue and Shelters acquire a new van for its “Transfur” program with donations. The BABYDOGE logo and website may be seen on the van.
At the time of writing, BabyDogecoin has a market capitalization of $898 million and is ranked #2735 by CoinmarketCap. The supply of BabyDogecoin has been tentatively limited to 420 billion BabyDoge coins. Here are some features of BabyDoge:
Community backed: Baby Doge is a completely decentralized cryptocurrency that belongs to its cheerful, enthusiastic community.
Instant Rewards: For each transaction in the Baby Doge network (buy or sell), 5% of the amount is disbursed to existing holders (HODLers). That means you earn more $Baby Doge just by holding it in your wallet. Watch as your Baby Doge develops day by day.
Locked LP: The order book is fully liquid. 5% of trade fees are paid as liquidity contributions. It reduces price volatility and raises the floor price over time.
Baby Doge Grows: Baby Dogecoin is a deflationary cryptocurrency that seeks to get rarer over time. All Dogecoin owners will receive more Baby Doge as long as they keep their coins in their wallets, which are automatically sent to them by the software.
Baby Dogecoin (BABYDOGE) Price Analysis
The first recorded price of BABYDOGE was $0.000000000175 when it first entered the market in June 2021 according to Coinmarketcap data. A month later, Tesla CEO and SpaceX co-founder Elon Musk tweeted about Baby Doge resulting in a price surge of about 180%.
Baby Doge, doo, doo, doo, doo, doo,
Baby Doge, doo, doo, doo, doo, doo,
Baby Doge, doo, doo, doo, doo, doo,
Baby Doge— Elon Musk (@elonmusk) July 1, 2021
On July 4, Baby Dogecoin reached its current all-time high of $0.00000002. However, Baby Dogecoin has plummeted by over 40% since then, and it is currently trading at a market price of $0.000000003134.
Baby Dogecoin (BABYDOGE) Market Price Prediction
Baby Dogecoin is a relatively new cryptocurrency, but it has already captured the attention of many investors. There are several negative views about this token, but statistics show that BABYDOGE will continue to thrive in the long run.
Digital Coin Price
According to Digital Coin Price, a website that uses mathematical algorithms to forecast the future of cryptocurrencies, Dogecoin Baby will rise in price in both the near and long terms. Of course, the accuracy of their prediction is based on their algorithm. Their Baby Dogecoin price prediction indicates that the token will close the year 2022 trading at $0.0000000056. In the long-term, Digital Coin price forecast BABYDOGE to hit $0.0000000141 in the year 2028.
Telegaon
Telegaon is a cryptocurrency prediction website just like Digital Coin Price. They have also made a price prediction for Baby Dogecoin. According to Telegaon, Baby Doge will hit a near-term price of $0.00000004 in May 2022. They suggest that the token will trade within a range of $0.00000004 and $0.00000006 until January 2023. From there, Baby Doge is predicted to rally upwards to hit a price and reach a price of $0.00000030 in 2030.
Talking Crypto7824
Talking crypto7824 is a relatively new YouTube channel that has covered Baby Doge. The channel made a bold forecast of the young dog-themed token suggesting that it will reach $0.00000063 by the end of 2022. In the long term, the Youtuber predicts that Baby Dogecoin will reach a price of $0.00025921 by December 2030.
Crypto Academy Baby DogeCoin Price Prediction
We at Crypto Academy have devised a price prediction based on our study of the Baby Dogecoin market performance and events. We believe that the young token has a bright future ahead.
Baby Dogecoin (BabyDoge) Price Prediction 2022
Given that Baby Doge has had a remarkable year in 2021, the future looks promising for him. This token, as we’ve already stated, has a lot of prospective future projects, and a strong community backing. If the team can meet these objectives, the value of its cryptocurrency is likely to rise. We predict that this cryptocurrency token will be valued at about $0.00000002 by the year 2022. Moreover, our price forecast shows Baby Dogecoin with a possible trading value of $0.00000003 by March 2022. We expect its price to rise to $0.00000006 before the end of the year. Although this token has the potential to increase even further, its supply makes it harder for its price to go higher.
Baby Dogecoin (BABYDOGE) Price Prediction 2023
In 2023, after almost 9 months of moving up and down between $0.00000005-$0.00000006, we anticipate that Baby Dogecoin will start rising in September. On the bright side, this token may reach a yearly high of $0.00000010 in December 2023 on a bullish note. This is only true if no negative speculative news about Baby Dogecoin surfaces in the media.
Baby Dogecoin (BABYDOGE) Price Prediction 2024
Every four years, the Bitcoin mining reward is cut in half. This unique event previously occurred in 2020 and will take place again in 2024. The halving of Bitcoin miner rewards is known as the Bitcoin halving. This, too, reduces Bitcoin inflation by half. Furthermore, whenever this special event occurs, it is known to have a beneficial influence on the entire cryptocurrency market, triggering a bull run every time.
Our Baby Dogecoin price prediction for 2024 is very bullish. We believe that the trading value of this cryptocurrency will reach a high of $0.00000012 in January 2024. On the downside, we forecast that Baby Doge will drop to $0.00000006 right before the Bitcoin halving event in March 2024. However, the bearish market will not last long and a bullish rally will take over after a month. We expect Baby Dogecoin to hit a new all-time high in December with a price of $0.00000015.
Baby Dogecoin (BABYDOGE) Price Prediction 2025
We expect the year 2025 to be a fantastic year for cryptocurrencies, following the Bitcoin halving event’s excellent impact on the overall cryptocurrency market. Cryptocurrencies and tokens are now being utilized by a wide range of industries, from large corporations to small enterprises. We expect exponential growth of cryptocurrencies and tokens in 2025.
In the medium-term, Dogecoin Baby is anticipated to continue its positive momentum and maintain a bull run through early 2025. It’s possible that the token will break new ground once more, establishing a fresh all-time high of $0.00000016 after breaking the resistance level built around $0.00000015. However, we believe that Baby Dogecoin may plummet significantly in the second quarter of 2025 and possibly fall as low as $0.00000008 per coin. As we approach the end of 2025, our prediction is that Baby Dogecoin will begin to recover. Furthermore, we expect this coin to finish the year with a trading value of $0.00000015.
Baby Dogecoin (BABYDOGE) Price Prediction 2026
By the year 2026, experts believe that cryptocurrencies and tokens may have succeeded in gaining a foothold. This is supposed to reduce their volatility. As a result, we anticipate that Baby Dogecoin may establish a support zone around the price of $0.00000015 in 2026. Although Baby Dogecoin’s volatility is supposed to drop, it may remain bullish and reach a trading value of $0.00000020 by the end of 2026.
Frequently Asked Questions (FAQ)
Will Baby Dogecoin get listed in Binance?
It’s possible that we won’t see it in the near future. Because the origins of these cryptocurrencies are jokes, Binance is extremely picky about their listing. Furthermore, these so-called meme coins are very susceptible to external factors. Regardless, Shiba Inu was introduced by Binance earlier this year, and it’s also a meme coin. Because of the demand for meme coins, it’s reasonable to expect that more will be added to Binance. Furthermore, Baby Dogecoin has ambitious plans for the future, and a large community behind it, thus its prospects of being listed on Binance are good.
Where to buy Baby Dogecoin?
The most effective exchanges for purchasing and trading Baby Dogecoin are Gate.io, Poloniex, OKEx, BitForex, Bitrue, DigiFinex, BabySwap (V2), XT.COM, LBank, PancakeSwap (V2), CoinW, and DODO BSC.
In what blockchain is Baby Dogecoin hosted?
Baby Doge is built on the Binance Smart Chain (BSC) network meaning that it is a BEP-20 token. This is high-performance blockchain technology. The network can process 1.4 million transactions per second.
Also Read: Dogecoin Price Prediction 2022 – What Will the Dogecoin Price be in 2022 and in Next Years to Come?
Key Takeaways
- The original total supply of Baby Dogecoin was 420 quadrillion, and the team has burned (destroyed) more than 125 quadrillions of them so far. Manual burns indicate that the Baby DogeCoin team has complete control over when and how many tokens are destroyed.
- On each Baby DogeCoin transaction, the vendor pays 10%. 5% is redistributed to everyone who currently holds Baby DogeCoin and the other 5% is divided equally, with half remaining as Baby DogeCoin and the other half being traded for Binance Coin.
- One of Baby Dogecoin’s objectives is to assist dogs in need, as stated in the whitepaper. According to the website, the company has a charity wallet with 2.2 percent of the total supply of Baby Dogecoin in it. The charity wallet gets 2.2% of the transaction fee since 5% is given to existing holders.
- Baby Dogecoin has a six-stage plan for the currency’s future, according to its website. The first few phases are straightforward enough, with objectives such as achieving 25,000 holders and a web redesign. The ultimate phase is when things become considerably more daring. It features a community creating a Baby Doge carving into a mountain at a $100 billion market cap, as well as the birth of a Baby Doge religion at a $500 billion market capitalization.
- Baby Dogecoin is “Dogecoin’s son” attempting to impress his father by demonstrating improved transaction speeds and adorableness.