Baby Doge Vs Dogecoin Vs Shiba Inu – Which Is Better?

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Several cryptocurrencies have seen a rapid rise in popularity and acceptance, including Bitcoin, which was introduced in 2009. The past few years have seen a surge in speculative fervor in many markets, resulting in literally hundreds of new cryptocurrencies, some of which have seen their value soar. 

Among the others, Shiba Inu, Dogecoin and Baby Doge have grabbed significant attention worldwide. 

If you are confused about these three, here is something that you will find interesting to read.

Dogecoin

At the beginning of Dogecoin’s existence, two software engineers chose Shiba Inu dogs as its mascot. Although initially intended as a joke, this cryptocurrency now functions as a real currency. The Dogecoin cryptocurrency currently has a market capitalization of $31 billion, placing it in the fifth position in terms of cryptocurrencies based on market capitalization.

Several market participants refer to Musk as the “Dogfather” because of his support of cryptocurrencies. The support Musk has shown for cryptocurrencies has boosted Dogecoin’s popularity. However, Musk does not support Dogecoin alone. Musk says in his tweet, “I’ve been saying this for a while,” that Dogecoin is the “strongest” cryptocurrency, agreeing with billionaire entrepreneur Mark Cuban. 

As a result, Dogecoin’s price has gone up about 10% in the past 24 hours. As far as cryptocurrencies go, investing in the former joke is speculative, but it’s holding up well. At least two prominent billionaires back it, and it’s actually a medium of exchange.

Baby Doge

The Dogecoin community created Baby Doge, a fanciful descendant of Doge, which forms the backbone of Dogecoin. His website boasts that “he’d like to impress his father with his high transaction speeds and cuteness.” Baby Doge is a cryptocurrency, but it’s not meant for use as currency. 

Owners are encouraged to hold on to their coins and hope that the Baby doge coin price increases, and many cryptocurrencies have a cap on how many coins they can mine. It’s hard to make more Baby Doge. In a statement on Baby Doge’s website, they say that this makes the coin hyper-deflationary and is designed to become rarer over time. 

Every transaction on the Baby Doge network goes to Baby Doge holders, and the network keeps an extra 5% on every transaction as part of its liquidity strategy. Although Baby Doge touts fast transaction times as its selling point, its primary goal is to raise its price. Baby Doge’s token supply isn’t huge, but it’s capped at 420 quadrillion, which is why its share price is $0.000000001464. Tokens will be cheap initially, encouraging early adopters to buy lots to benefit from an eventual price rise.

Shiba Inu

Shiba Inus were initially created as Dogecoin mascots; however they now have their own tokens on Ethereum. Shiba Inu resembles Baby Doge more than some cryptos because it circulates 1 quadrillion coins, whereas some limit their supply. 

Currently, Shiba Inu is also available for just $0.0000082. A major difference between Baby Doge and Shiba Inu is that Shiba Inu supports an NFT art incubator on its decentralized exchange, Shibaswap, which is an Ethereum-based alternative to Dogecoin.

Since Shiba Inu runs on Ethereum and serves a useful purpose, some investors think it’ll stick around longer than Baby Doge. Shiba Inu is still a speculative coin, and just like a lot of altcoins trying to find their place in the crypto universe, one tweet can send prices soaring. 

It turns out Elon Musk is also a big reason Shiba Inu’s price went up; just a tweet from Musk saying “My Shiba Inu will be named Floki,” was enough to drive the price up by 25%. This investment has a lot of risks.

Dogecoin vs. Baby Doge vs. Shiba Inu

Baby Doge doesn’t matter as long as you watch it. Cryptocurrencies have a fundamental purpose, and the biggest ones dominate. There’s no way to predict how long the hype will last after Elon Musk’s tweet boosted Baby Doge’s price. Dogecoin’s market capitalization puts it among the top ten cryptocurrencies, and it soared in popularity and trading volume in 2021. Likewise, Elon Musk’s tweets accelerated Dogecoin’s adoption. Blockchain technology makes Dogecoin a great investment. 

Blockchain technology allows for decentralized models, which is why investors are interested in it. Baby Doge isn’t as useful as this. Ethereum hosts Shiba Inu, which is based on Dogecoin. You shouldn’t take it as a joke since it’s a decentralized exchange. Shiba Inu tokens were hosted on Uniswap, which returned over 300% after Elon Musk’s tweet. 

Shiba Inu is a practical example of blockchain technology. Experts think Ethereum, the second-largest cryptocurrency, will drive Shiba Inu’s growth. Baby Dogecoin is risky since it’s too early to predict an ICO’s future solely based on tweets. Dogecoin and Shiba Inu are suitable investments because they both show signs of growth.