New Delhi: Dogecoin spin-off Baby Doge is on a sprint literally, ever since billionaire Elon Musk tweeted about the meme coin. His one tweet resulted in skyrocketing of Baby Doge’s value and price.
Till date, the crypto currency has gained upto 723%. Its bullish streak has gained attention of investors and traders. On July 1, the digital currency jumped by a record 228.3% in just 24 hours.
Like Dogecoin, the Baby Dog is making waves in cryptocurrency market. Traders and experts are speculating about its growth and durability in the long run.
How far will Baby Doge run in crypto market?
This cryptocurrency is available on Pancakeswap, MEXC Global, XT.com, and Lbank. For every Baby Doge transaction, users have to pay a 10% fee but 5% of the fee is redistributed to every Baby Dogecoin holder.
According to Pancakeswap, Baby Doge’s version one has potential liquidity with US$71 million in 24-hour swaps, and the second version shows more than US$3 million.
Doge cyrptos Vs Shiba Inu: Where do they stand?
Looking at price fluctuations of digital currencies, one gets to know where the doge-tokens stand in comparison to recently famed Shiba Inu, another meme coin.
As per latest data, Shiba Inu is up 7.4%, Dogelon Mars (ELON) is up 31% while Elon Doge Token (EDOGE) jumped 20%. Baby Doge has not reached high trading volumes like its fellow meme-tokens, but its rise indicates otherwise.
How to buy Baby Doge?
1) Open Binance Account
First step for owining a Baby Doge is to have a Binance account. As the mem coin is available on Binance Smart Chain, first of all, open a Binance account to get started.
Other method of owning it is through other exchanges like PancakeSwap, Binance’s DEX. As Baby Doge is not listed on other exchanges, you will need to have BNB tokens in your crypto wallet.
Once, you have set up your crypto wallet, you can buy the crypto from PancakeSwap.
2) Download Trust Wallet or MetaMask
After getting BNB tokens on Binance, send them to your crypto wallet and connect it to PancakeSwap. The easiest wallet to have flexible co-ordination with PancakeSwap is MetaMask, as it has a Google Chrome extension that makes it easy to interact with the exchange.
After opening MetaMask for 1st time, you will need to set Ethereum Mainnet as default. Since PancakeSwap is on Binance Smart Chain network, add this network to your MetaMask wallet.