Is Baby Dogecoin a good investment in 2021

One of the currently trending questions among crypto investors is, is Baby Dogecoin a good investment? without a doubt, things move quickly like volatility in the world of cryptocurrency.

It wasn’t long ago that Dogecoin was the hottest crypto of 2021. Now, it’s practically old news, and there’s a Baby DogeCoin getting loads of hype.

The new coin is a spin-off of Dogecoin, the popular meme crypto. Two weeks ago, the coin was a lesser-known cryptocurrency and now #babydoge is trending on Twitter, what a big thanks to Elon Musk.

Baby Doge, doo, doo, doo, doo, doo,
Baby Doge, doo, doo, doo, doo, doo,
Baby Doge, doo, doo, doo, doo, doo,
Baby Doge

— Elon Musk (@elonmusk) July 1, 2021

Dogecoin has a symbol of the Shiba Inu dog on its tokens and this trend has picked up momentum with Shiba Inu being its own cryptocurrency and Baby Doge also using the same symbol.

Been truthful to its name, this crypto is still a baby right now. It was created on June 1, 2021. The earliest price on record wasn’t until June 9, when it cost $0.000000000175. That quickly shot up thanks to social media and influencer marketing, but then it came back down.

Is Baby Dogecoin worth the buy?

Considering the result, the hype over time, and the fact that it’s still just a month old, Baby Dogecoin may seem like a smart buy. When taking a closer look, though, there are several reasons to stay away.

The coin incentivize investments by charging a transaction fee. Every time you trade Baby DogeCoin, a 10% fee will be levied. Out of that, 5% gets redistributed proportionally to every Baby Doge investor and 5% gets split to be used for a liquidity pool with Binance Coin on PancakeSwap.

If you are wondering if Baby Dogecoin is a good investment, then you should know this about it:

• Get listed on cryptocurrency exchanges
• Launch a decentralized crypto swap called Baby Doge Swap
• Offer credit card crypto payments
• Create a wallet to track rewards
• Start an NFT marketplace