Meme coins have become part and parcel of the crypto world. Such has been the market interest that two particularly well-known meme coins had stellar years last year.
Dogecoin (DOGE) surged by 3,600% in 2021. Another favorite of Tesla’s Elon Musk, Shiba Inu (SHIB) is also another crypto market performer. In the 4th quarter of last year alone, SHIB surged by a whopping 3,626%.
Both meme coins have had the undivided attention of Tesla’s Elon Musk. Just last week, news hit the wires of Tesla accepting DOGE as payment for Tesla merch, driving demand for DOGE in the week.
Such has been the level of investor interest in meme coins that DOGE is ranked an impressive 11th on CoinMarketCap, with a market cap of $21,974bn at the time of writing. SHIB isn’t far behind, ranked 14th, with a market cap of $15,169m.
It comes as little surprise, therefore, for exchanges to list new meme coins when considering investor interest.
What is Baby Doge Coin (BABYDOGE)?
Baby Doge Coin (BABYDOGE) is an offspring of DOGE, created by the online community of the DOGE. Similar to Dogecoin, Baby Doge Coin is considered to be a lighthearted meme coin, with a mission to save dogs. “Hyper-deflationary, with static reflection that rewards holders” are key attributes. The platform automatically redistributes 5% of each transaction fee to BABYDOGE holders.
The 5% comes out of a 10% fee charged for each and every exchange of BABYDOGE. Essentially, keepers get rewarded, while sellers become losers.
As is the case with SHIB and its support for Shiba Inu dogs, BABYDOGE has plans to contribute $100,000 to dog charities.
CoinEX Hong Kong Lists BABYDOGE
Today, news hit the wires of HK crypto exchange CoinEX listing BABYDOGE. CoinEX supports DOGE and SHIB trading. According to the announcement, the platform already enables BABYDOGE deposits and withdrawals.
BABYDOGE’s launch and inclusion may give investors that missed out on DOGE and SHIB a chance at a new meme breakout investment.
At the time of writing, BABYDOGE ranked #2,834 on CoinMarketCap, with a market cap of $1,416m. BABYDOGE launched in 2021.
This news is republished from another source. You can check the original article here
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