Obscure Altcoin Erupts 127% After Sudden Crypto Shout-Out From Elon Musk

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The Daily Hodl 03 July, 2021 - 11:22am 64 views

What is baby Doge Crypto?

Baby Doge is the new favourite of crypto enthusiast and Tesla CEO Elon Musk. What is it? A spinoff of already existing meme cryptocurrency Dogecoin. Yepp, the joke has gone too far. Cryptocurrencies have truly exploded in 2021 and alternative tokens or alt coins are dominating the scene. India TodayWhat is Baby Doge? Meet Elon Musk’s new favourite cryptocurrency

“Baby Doge, doo, doo, doo, doo, doo,” the billionaire wrote in a Thursday tweet, a song presumably about the synonymous alternative cryptocurrency, seemingly arranged to the tune of the hit children’s song “Baby Shark.”

According to babydogecoin.com, the token is a “new crypto birthed by fans and members of the Doge Coin [sic] online community.”

“Baby Doge seeks to impress his father by showing his new improved transaction speeds and adorableness,” reads the site.

Does this mean Musk is ready to move on from his beloved Dogecoin? As always, it’s nearly impossible to gauge the billionaire’s current interests or motivations. What’s more likely, however, is that Musk got bored and is looking for a new puppy to play with.

There’s also a decent chance that Baby Doge is the result of Musk’s own efforts. In May, Musk tweeted that he is “working with Doge devs to improve system transaction efficiency. Potentially promising.”

The CEO previously sent Dogecoin on a rollercoaster ride, causing the token to spike to new highs prior to an appearance on “Saturday Night Live” last month. The token came crashing back down shortly after.

Baby Doge has some ways to go to catch up with its “father.” The nascent token is trading at around $0.000000001662 at the time of writing, according to Coingecko.com. That may not sound a lot, but its value has soared over 450 percent over the last two weeks, according to the website.

Dogecoin, in contrast, is hovering at around $0.24.

Musk hasn’t given up on Dogecoin just yet, either. After the Baby Doge drama, the billionaire posted a meme about a young man ignoring the affections of a group of women to check in on the price of Dogecoin, which had spiked anew after Musk tweeted a meme about it the previous day.

More on Dogecoin: Elon Musk Says He’s Broken Up With Cryptocurrency

Read full article at The Daily Hodl

These Are Top Things Elon Musk Likes About Dogecoin Community

U.Today 02 July, 2021 - 06:00pm

If the community embodies these things, that’s True Value.

The letter—which was published almost half a year ago—might not hold true today given that many members of the Dogecoin community have succumbed to greed and tribalism following the meme coin’s meteoric rise in the second quarter of 2021.

I wrote this open letter with these words now 143 days ago. How’s the Dogecoin community feel we are doing? pic.twitter.com/g6WFo6HFEH

Disclaimer: Any financial and market information given on U.Today is written for informational purpose only. Conduct your own research by contacting financial experts before making any investment decisions.

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