On Wednesday (June 1), as BNB Chain Powered Baby Doge Coin ($BABYDOGE), which is of the most popular meme-based crypto projects (with over 1.4 million followers on Twitter), celebrates its first birthday, its price is up 5% in the past 24-hour period and both its on-chain and social metrics continue to show strength.
What Is Baby Doge Coin ($BABYDOGE)?
In case you are not already familiar with Baby Doge ($BABYDOGE), here is an introduction from its white paper:
“Launched in June 2021, Baby Doge Coin one of the fastest growing community in crypto memes. Baby Doge is on a mission to bring crypto to the average person while also helping save dogs in need. Baby Doge is built on binance smart chain with extremely fast 5 second block times and cheaper gas fees than ethereum.
“Baby Doge Coin has learned a few tricks and lessons from his meme father, Doge. A new crypto birthed by fans of the Doge Meme online community. Baby Doge seeks to impress his father by showing his new improved transaction speeds & adorableness. He is Hyper-deflationary with static reflection that rewards holders, so more baby doge coins are being automatically added to your wallet each transaction.“
One month after Baby Doge was born, SpaceX and Tesla CEO Elon Musk, who is a huge advocate for Dogecoin ($DOGE), sent out the following tweet:
$BABYDOGE’s Price Action
According to data by CoinGecko, on crypto exchange OKX, $BABYDOGE is currently (as of 2:44 p.m. UTC on June 1) trading around $0.000000001877. With a market cap of around $307 million, $BABYDOGE is the 151th most valuable cryptoasset by market cap.
As you can see, $BABYDOGE’s return-on-investment (vs USD) figures for the past 24-hour, 7-day, and 14-day periods are +4.9%, +21.2%, and +94.3% respectively.
Number of $BABYDOGE Addresses
Data by blockchain explorer tool BscScan shows that currently (as of 2:53 p.m. UTC on June 1) there are 1,558,337 addresses.
In contrast, per data by Ethereum blockchain explorer tool Etherscan, the number of of $SHIB addresses is 1,172,056.
Latest $BABYDOGE Burn Data
As of 10:02 a.m. UTC on June 1, 192,823,069,791,148,128 $BABYDOGE tokens (45.910%) have been burned from the initial supply of 420,000,000,000,000,000
Earlier today, one member of the $BABYDOGE community sent out this tweet that summarizes in one infographic many interesting stats:
$BABYDOGE’s First Birthday
As the Baby Doge team reminded us on Monday (May 30), $BABYDOGE’s first birthday is on June 1.
And to celebrate this event, the team is conducting an “Ask Me Anything” (AMA) session on its Telegram channel at 3:00 p.m. UTC on June 1.
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The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.
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