Dogecoin vs Babydogecoin: Comparing the Popular Memecoins

Introduction

With a strong community backing them, memecoins have always remained popular among traders and crypto communities, especially dog-themed coins like Dogecoin and Baby Dogecoin. 

Born as a lighthearted joke crypto, Dogecoin has defied expectations to become a major player in the crypto realm. Following a similar name and paw steps, Baby Dogecoin has embarked on its own journey and is making headlines. But the question remains: how is Dogecoin different from Baby Doge, and which is better?

In this article, we will compare Dogecoin and its offspring Baby Dogecoin, check their distinct features, and more, so you can research and make an informed decision when investing.

What is Dogecoin?

Dogecoin first came into existence in 2013 by two software engineers, Billy Markus, and Jackson Palmer, as a crypto meant to satirize the crypto industry. It has got its sticker and name inspired by the famous ‘doge’ internet meme that was intentionally misspelled to describe the Shiba Inu dog.

Interestingly, unlike most memecoins, Dogecoin runs on its own native blockchain and has inherited some of its properties from Luckycoin- a bygone crypto, Litecoin, as well as OG Bitcoin (since Litecoin is a Bitcoin fork). It is a decentralized crypto running on a Proof of Work based blockchain with the goal of overtaking Bitcoin, offering people an instant and cheap payment method for its worldwide adoption. It’s quite amusing how a lighthearted jest has now exploded to be one of the top 10 cryptos by market cap.

Read More: Pepe vs Shiba Inu vs Dogecoin

Key features of Dogecoin

• Dogecoin has a loyal and active community backing it, known as the ‘Doge Army’.
• It’s a Proof of Work based blockchain with a Scrypt hashing algorithm, which is less power and energy-intensive than Bitcoin’s.
• Dogecoin has a never-ending supply to maintain its price stability, with a fixed number of tokens added regularly.
• Several companies, like Tesla, Microsoft, Newegg, ExpressVPN, and many others, have been accepting Dogecoin as payment.

Latest news on DOGE

• Elon Musk, CEO of Tesla and SpaceX, swapped out Twitter’s ancient bird logo for the Dogecoin icon this past April, which was witnessed by over 360 million users worldwide. This move by self-proclaimed Dogefather set off speculation in the community, catapulting the price of DOGE by more than 22% in a mere hour.

https://t.co/VraaVN7HN4 https://t.co/5BzIuGNij4

— Dogecoin (@dogecoin) April 3, 2023

What is Baby Doge Coin?

Baby Doge- curated by Doge-themed crypto fans, is a crypto asset based on the BEP-20 token standard and has a mission to help animals and spread awareness among people. Its developer team refers to the token as “Baby Doge has learned a few tricks and lessons from his meme father, Doge, and wants to impress his father by showing his new, improved transaction speeds & adorableness”. 

Being built on the BSC chain, Baby Doge advantages from low cost and high throughput with a confirmation time of approx. 5 seconds. It has a staking system designed to incentivize token holders with more Baby Doge tokens for holding in their wallets and an auto reflection mechanism that charges a 10% fee (check updated stats) for each transaction of Baby Doge and redistributes a 5% share to token holders.

Key features of Baby Dogecoin

• Baby Dogecoin has a capped supply of 420 quadrillions, with a burning mechanism to control its inflation and maintain token scarcity.
• It has a crypto exchange- Baby Doge Swap, built on the BSC chain- that offers swapping crypto assets at near-zero fees for specific trading pairs.
• Users can also earn yield and Baby Doge rewards by depositing their cryptos in Baby Doge pools and other farms.
• Baby Doge Army NFT grants users voting rights to participate in the mission of Baby Doge and other community privileges like giveaways, rewards, etc.

Additional Read: Cardano vs Dogecoin

Latest news on BABYDOGE

• Baby Doge Swap has launched multichain support for BNB chain, Ethereum and Polygon blockchains to expand its ecosystem and attract more DeFi participants. The protocol has also touched a new milestone of $10 million TVL (Total Value Locked) on the Binance Chain.

🎉 @BabyDogeCoin Multichain Token Locker is Now Live – Expanding the Ecosystem to #Polygon – #ETH & #BNB 🧬

Users can Lock now at https://t.co/eDHaX1hup9#BABYDOGE – Fun meme community of 1.7m holders on BNB & ETH 🐕 World Record Holders 🌎https://t.co/JQBr8Sxkti #BNB #BSC pic.twitter.com/kA9AiUlIwT

— BSCDaily (@bsc_daily) July 10, 2023

Comparing Baby Doge Coin vs Dogecoin

Let’s see brief comparison of the memecoins: Dogecoin and Baby Doge

Key Differences between Dogecoin vs Baby Doge Coin

• Dogecoin is a crypto built on its own blockchain like Ethereum, Bitcoin, etc, whereas Baby Doge Coin is a BEP-20-based token running on Binance Smart Chain.
• Dogecoin has a block creation time of around 1 minute which is slower as compared to Baby Doge’s transaction throughput of 55 transactions per second.
• In comparison of transaction fees, Baby Doge offers low-cost thanks to the BSC chain, whereas the Dogecoin platform fee is relatively higher.
• Dogecoin is hyperinflationary crypto without a defined supply limit, while Baby Doge has a 420,000 trillion maximum token supply, and its dev team is continuously burning tokens (~ $115,934 worth of Baby Doge burned till now) to maintain its value.
• Dogecoin Foundation (a non-profit organization) has outlined a trail map for further developments and applications of the Dogecoin ecosystem. On the other hand, Baby Doge is expanding its real-world utility with the launch of BabyDogeSwap, yield farms, NFTs, and more.

Dogecoin (DOGE) Price Prediction

Source: TradingView

• DOGE price today is running at $0.06543, with a 24-hour trading volume of $217.39 million. In the last 24 hours, The DOGE price has seen a rally of about 1.31%, and its market cap is $9.17 billion as of July 11, 2023.
• DOGE price has been following a downtrend since April, following rejection from resistance at $0.09. It is presently hovering in a consolidated range of $0.06-$0.07.
• The market sentiment does not seem to have much strength, so DOGE price might continue to trade sideways for a few more weeks before a clear direction.

Read More: Dogecoin Price Prediction

Baby Doge (BABYDOGE) Price Prediction

Source: TradingView

• BABYDOGE price today is trading at $0.000000001339, with a 24-hour trading volume of $1.19 million. In the last 24 hours, The BABYDOGE price has risen about 0.20%, and its market cap is $203.32 million as of July 11, 2023.
• BABYDOGE price had a surge of over 360% within 15 days at the beginning of 2023, but it soon dropped and has since encountered numerous fluctuations. 
• If the BABYDOGE price retains above the support level of $0.00000000124, it might defy its current trend.

Should you buy DOGE or BABYDOGE?

DOGE and its son BABYDOGE have garnered wide popularity and adoption in the race of hundreds of dog-themed coins. Especially Dogefather Elon Musk support and tweets like “BabyDoge doo doo..” have been major drivers for the price of both cryptos. 

If we look at their differences, Dogecoin holds more prominence, being one of the oldest cryptos ranking 8th in the crypto market with a market cap of over $9 billion. It has an unlimited token supply and is hyperinflationary, whereas Baby Doge coin is a relatively new player in the crypto space but has a limited supply. The dev team of Baby Doge is continuously working to expand tokens use cases to real-world applications and more. 

It depends on the investor’s personal preference and risk tolerance level, which one to invest in, so individuals are advised to do their own research, diversify their portfolio, and apply risk management strategies while investing in cryptos.

How to invest in Dogecoin (DOGE) and Baby Doge (BABYDOGE)?

You can invest in crypto easily and securely with CoinDCX App. To invest in Dogecoin DOGE or Baby Doge BABYDOGE, all you need to do is register yourself and verify. Follow the below-mentioned steps to register:

• Download CoinDCX App

• Register by entering your details.

• Complete your KYC
• Once your profile is verified, add funds to your wallet and Buy DOGE or BABYDOGE.