Baby Dogecoin (BabyDoge) is one of the latest iterations of Dog coins. These coins take after Dogecoin, the original dog coin. Dogecoin has experienced massive growth this year thanks to shilling from Elon Musk. Upon the rise of DOGE, new anima-based coins started popping up. Today we look at whether Baby Dogecoin is on PooCoin.
What is PooCoin?
PooCoin is a blockchain application (DAPP) that shows price actions and trading charts for a multitude of crypto assets. However, PooCoin only works for tokens issued on the Binance Smart Chain tokens (BEP-20). It tracks the prices of such tokens and provides a chart for traders to follow the price action of an asset. If BabyDoge is on PooCoin, then that would be good news for the community and traders. It means that traders will be able to carry out technical analysis of the asset. Technical analysis is important for trading any financial instrument.
What is BabyDoge
According to their website, BabyDoge is the ‘child’ of DOGE, here to walk in the footsteps but in a better way. For this to happen, BabyDoge deployed their project on the BSC chain, which has cheaper costs. The original Dogecoin has its own blockchain, Dogechain, which uses Proof of Work (PoW). Binance Smart Chain uses Proof of Stake (PoS). This makes it faster and cheaper as there are no miners to confirm the transaction. In addition to this, BSC supports blockchain startups and upcoming developers.
BabyDoge has a supply of 420 quadrillion tokens. However, its tokenomics are interesting since it is hyper-deflationary. So far, they burnt 29% of the supply (appx. 121 quadrillions). It is worth noting that BabyDoge launched on June 1, 2021. The fact that in four months it has reduced its supply by more than a quarter is impressive. In the future, a supply shock will cause the price to rocket. So at this rate, by February 2022, 50% of BabyDoge will be burnt out of circulation.
Presently, the price of Baby DogeCoin (BabyDoge) is $0.000000000688
Is BabyDoge on PooCoin?
Well, heading over to the PooCoin website and searching for ‘BabyDoge’ in the search bar, you can find the asset. However, there are many copycat coins with clever names meant to trick you into buying the wrong coin. The name of the BabyDoge coin is “Baby Doge Coin” (with spacing), and the ticker is ‘BabyDoge.’ Be cautious while purchasing to avoid getting scammed. To go directly to the BabyDoge page on PooCoin, click here.
Conclusion
In conclusion, BabyDoge is one of those coins that look ready for success. Their most recent development is the Baby Doge Debit Card Program which involves a wallet app. The app will allow you to spend your BabyDoge easily. You will be able to buy and sell crypto assets and also send crypto. This will make BabyDoge get more demand.