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Baby Doge Coin (BabyDoge) is the latest cryptocurrency project to garner mainstream attention. However, since the project launched, we have noticed a distinct lack of media coverage concerning the coin, much to the detriment of would-be investors.
So, we thought we could help plug the knowledge gap. This article discusses all of the key things you need to know about the altcoin including what it is, where to buy it and what its investment prospects are.
Scroll down to get started by finding out the best places to buy Baby Doge Coin in the UK and elsewhere.
How & where to buy Baby Doge Coin online
If you are wondering where to buy Baby Dogecoin, we recommend choosing an online cryptocurrency broker, signing up, depositing funds and buying coins.
While some crypto investors like to use decentralised exchanges (DEXs), our team of analysts feel crypto brokers offer the lowest fees and most reliable service for buying, selling and trading cryptocurrencies like BabyDoge coin.
So, if you are ready to buy BabyDoge crypto now, here are the two best places to get started:
eToro
eToro is a multi-asset investment platform with more than 2000 assets, including stocks, ETFâs, indices, commodities and Cryptoassets. eToro offers over 14 Cryptoassets to invest or invest in their CryptoPortfolio where investors can benefit from the accumulated growth of Bitcoin, Ethereum, XRP, Litecoin and other leading cryptocurrencies. eToro users can connect with, learn from, and copy or get copied by other users.
AVATrade
Ava Financial Ltd operates the AvaFX and AvaTrade forex brands and all business associated with them. The company has a branch office in Dublin, Ireland, which enabled it to get an operational license from the Irish authorities.
Register with AVATrade instantly
What is Baby Doge Coin?
Running on the Binance smart chain, BabyDoge is the latest cryptocurrency offspring from its meme father, DogeCoin. More specifically, it is a hyper-deflationary altcoin with an integrated smart staking system built into the ecosystem so more BabyDoge are being added to each userâs wallet. This means that holders automatically receive a 5% fee from every transaction that occurs on the Baby Doge network.
The coin was allegedly birthed by fans of the Doge community, and it aims to improve transactions speeds and âadorableness.â The coin has a 5 second block time compares to the 60 seconds of DOGE, and cheaper gas fees in general.
Should I buy BabyDoge coin?
If you want to make a risky investment in an altcoin project with the potential for exponential growth, BabyDoge tokens could be a could investment. However, make sure you are aware of the rival meme coins that could be strong alternative investments, and never invest money you canât afford to lose.
In addition to price accretion, BabyDoge tokenholders can profit from the 5% transaction tax, giving the cryptocurrency the potential to be a strong short-term and long-term investment.
Baby Doge Coin price prediction
We canât state a definitive BabyDoge price prediction. This is partly due to the unpredictability of meme-coin projects, and it is also because of the lack of fundamentals available to analyse. BabyDoge will grow based predominantly on sentiment, which is extremely difficult to read any better than the rest of the market.
Social media reacts to $BabyDoge
INCOMING BURN âïžCelebrating 70k+ holders and passing our AUDIT â This Fatherâs Day Sunday June 20th we will be burning 2.5 QUADRILLION #BabyDogeCurrently valued at over $600,000đ„ pic.twitter.com/4Uy5OOpaNK
â Baby Doge Coin (@BabyDogeCoin) June 17, 2021
cz. u r the biggest influencer in the crypto world #BabyDogeCoin pic.twitter.com/eKm3gWmL2i
â Jeff (@int0x801) June 17, 2021
Our ID VERIFIED audit for @BabyDogeCoin is live! Please review the results on our website: https://t.co/Je4pB2MCJb #bsc #smartchain #cryptocurrency
â Dessert Finance (@DessertSwap) June 16, 2021
I am the holder of 88e3 wallet. When the official burned $500K Babydoge, I would like to pay the official $10K Babydoge or BUSD to support the development of the community, and to hire Internet celebrities to help the baby dog ââgrow up healthily.@BabyDogeCoin pic.twitter.com/3r9nDf9ZgC
â bebe (@bebe37261624) June 17, 2021
@elonmusk come work with #BabyDoge 5 second block times since we are built on BSC Vs 1 minute doge blocks.Even if you move #Doge to ETHâŠ.BSC gas fees are cheaper than ETH
â Baby Doge Coin (@BabyDogeCoin) June 16, 2021
Check out our crypto news for the latest on Baby Doge crypto and other relevant coins.
The post Baby Doge Coin: what it is and where to buy it appeared first on Invezz.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.