What is Baby Doge?

in Project HOPE5 years ago


image.png
Source

Just a couple of days ago I heard of Baby Dohe and my first thought in my mind was here goes another Meme Coin. Now I am not hating on the Meme Coins in fact Dogecoin is one of my favourite coins for reasons that are not financially related. I like DOGE because first of all it has made me Money and I like how DOGE keeps calm in all of the Crypto Hype and stays kinda Neutral.

So what is Baby Doge?

Baby Doge is basically a spinoff of Dogecoin that has garnered a lot of attention after a Tweet from Elon Musk surprise surprise. The symbol of Baby Doge is quite similar to FOGE and SHIBA INU and we can understand why. If you go to the official website of Baby Doge you will be greeted by a message that says World's best Community Coin, I will not dive deep into this aspect as it is subjective but I would like to say that their website sure looks catchy and interesting at first glance.

Now without doing any Deep Dive on the Tokenomics we can see that Baby Doge has some sort of Smart Staking Mechanism plus any transaction you do gets charged with a 10% fee which gets divided among Investors and Burned in a 50/50 ratio. All of this sounds ok but the main question is

Is this a Good Investment?

I am not going to say if this is a Good Investment or not but I will say that I am not investing anything in this not even 100 USD. The reason is quite simple for me, a lot of Meme Coins have launched recently and they have all gone through a Pump and Dump Cycle and I just don't want to be left holding the bag. Yes, there is a good chance to make a quick return but I am just not willing to take that chance as of right now.

image.png

Sort:  

Hi @arunava, currently there are too many meme coins, and their livelihood is not great, so I think they will always be a risk if you decide to invest in it. But, you can get money out of them from profit, so in that I don't disagree at all. I didn't know about this token.

Nowadays I feel like I go dark for a couple of hours and a new Meme Coin is born. I have really lost track of how many there are currently on the Market.

My first time of hearing about the coin thanks for the information.

Me too brother I heard it just the other day.

Coin Marketplace

STEEM 0.04
TRX 0.33
JST 0.077
BTC 62042.63
ETH 1628.63
USDT 1.00
SBD 0.41