The platform automatically redistributes 5% of each transaction fee to BABYDOGE holders. “ Hyper-deflationary, with static reflection that rewards holders” are key attributes. Similar to Dogecoin, Baby Doge Coin is considered to be a lighthearted meme coin, with a mission to save dogs. What is Baby Doge Coin (BABYDOGE)?īaby Doge Coin (BABYDOGE) is an offspring of DOGE, created by the online community of the DOGE. It comes as a little surprise, therefore, for exchanges to list new meme coins when considering investor interest. SHIB isn’t far behind, ranked 14 th, with a market cap of $15,169m. Such has been the level of investor interest in meme coins that DOGE is ranked an impressive 11 th on CoinMarketCap, with a market cap of $21,974bn at the time of writing. Just last week, news hit the wires of Tesla accepting DOGE as payment for Tesla merch, driving demand for DOGE in the week. In the 4 th quarter of last year alone, SHIB surged by a whopping 3,626%.īoth meme coins have had the undivided attention of Tesla’s Elon Musk. Another favorite of Tesla’s Elon Musk, Shiba Inu ( SHIB) is also another crypto market performer.
Such has been the market interest that two particularly well-known meme coins had stellar years last year.ĭogecoin ( DOGE) surged by 3,600% in 2021. Meme coins have become part and parcel of the crypto world.
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