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Speaking of BabyDoge, everyone will think of Dogecoin, because their names are very similar, and they sound related, and this is indeed the case. BabyDoge was created from the Dogecoin community. It came out as a decentralized community Meme token. It was originally a token based on the BSC chain. It completely exploded under the constant hype of Doge. Once BabyDoge was born, its popularity became extremely exaggerated. The form has expanded, and Baby Dogecoin is actually inextricably linked to Musk. Everyone is curious whether Baby Dogecoin belongs to Musk? Let the editor of the currency circle sort out the relationship between this precious Dogecoin and Musk.

 Does Baby Dogecoin belong to Musk?

The precious Dogecoin does not belong to Musk. After he just celebrated his 50th birthday and received tribute from the Dogecoin (DOGE) community with a sounding balloon carrying physical Dogecoin, Elon Musk, the father of Dogecoin,
Musk published a series of Dogecoin-related articles on his personal social platform yesterday (1st), one of which contributed to the popularity of BABYDOGE.

In the tweet that triggered a surge in the price of Dogecoin, Musk paraphrased the famous nursery rhyme "Baby Shark"
The lyrics of "Shark" have been slightly changed, and the protagonist shark has been changed into a puppy that the community is passionate about, which coincides with the name of the baby Dogecoin.

Baby Dogecoin, which unexpectedly received a lot of exposure, is a new project that was founded less than a month ago. On the official website, Baby Dogecoin claims to be the child of Dogecoin and is issued on the smart chain (BSC). In addition to its deflationary destruction mechanism, its biggest feature is that it has partnered with the stray dog charity Paws
Working with Cause will help dogs in today’s world find homes.

After relying on the massive exposure brought by Musk, BabyDogecoin also immediately announced on the official social platform that in line with BabyDogecoin’s upcoming month of birth, the project team will destroy the original plan of destroying 3 gigabytes of BabyDogecoin. Instead, one Beijing amount of Dogecoin was destroyed, with a total value of approximately US$7.2 million.

During the period from the time Musk brought traffic to the official completion of the destruction, the price of Baby Dogecoin also increased. According to statistics compiled by Coingecko, before Musk published the relevant article, the price of Dogecoin was approximately US$0.000000000905. After the article was fermented, it became popular. After the destruction was executed, it once rose to US$0.000000002088, with an increase of 130 in 6 hours. %, the price retreated slightly before the deadline, and the price was approximately US$0.000000001761.

 How about Baby Dogecoin?

First Baby
Doge is a deflationary coin, meaning followers become more scarce over time, and every transaction (buy or sell) in the network allocates 5% of the transaction to existing holders. It is this model that makes holding Baby
Doge’s currency friends can effectively hold it for a long time.

With the enthusiastic support of animal coins this year, most people have a new understanding of altcoins. The pie is so dull and suffocating that altcoins are rising against the trend. Everyone knows that the pie is the leader and relatively stable. But for our original intention of entering the currency circle, although the price of the pie has been cut in half, it is still out of reach of ordinary people. The risks and profits of altcoins are equal, so if you play with altcoins, you can get the lowest price possible. In terms of risk, it will Smaller, it is a very unwise behavior to chase the rise and fall in the secondary market.

In terms of price, it can be said that private equity in the primary market is undoubtedly the lowest. Each coin is a project, and each project will conduct a series of announcements before going online, and sell part of its shares to let more people know about it. The value of this coin will pave the way for the price after it goes online. Its primary market private placement threshold is relatively low, making it suitable for the general public.

The above content is the editor’s review of the relationship between Dogecoin and Musk.
. At present, there are more than 400,000 Babydoge currency holders, which also shows that its consensus is still very good. However, there is nothing innovative about Babydoge, and many investors are not interested in its charity concept. It mainly attracts The point for investors is still its deflation mechanism. At present, the token has no application scenarios and its own ecological construction. We must note that the hype model cannot maintain its popularity for a long time, so everyone must pay attention to the investment risks. We also hope that the community of this token can be positive. Develop and reach new heights.