Exploring Market Momentum: Shiba Inu, Baby Doge, and Bitgert Cryptocurrencies
Shiba Inu (SHIB) is one of the most popular meme coins inspired by Dogecoin (DOGE). Shiba Inu features an image of a Shiba Inu dog as its logo. Shiba Inu claims to be an experiment in decentralized spontaneous community building.
Shiba Inu has a total supply of one quadrillion tokens. Shiba Inu is also the native token of ShibaSwap, a decentralized exchange that allows users to swap, stake, and farm Shiba Inu’s native token SHIB and other tokens. In an attempt to become a serious project, Shiba Inu developed its own Ethereum Layer-2 blockchain Shibarium.
Shiba Inu was anticipated to get a major boost as Shiba Inu's Shibarium blockchain went live on August 16, 2023. The Shibarium network saw over 21 million wallets created during its testnet. However, Shiba Inu failed to turn the table and move the token price upwards with the Shibarium deployment.
As of August 20, 2023, SHIB is trading at $$0.00000782, up 1.3% in the last 24 hours. Along with Shiba Inu, another meme-coin we will talk about is Baby Doge. Baby Doge (BABY DOGE) is another meme coin that was created as a spin-off of Dogecoin.
Baby Doge claims to be the new and improved version of DOGE. Baby Doge claims to offer faster transaction speeds, lower fees, and more cuteness. Baby Doge also has a total supply of one quadrillion tokens.
Baby Doge has a deflationary mechanism that burns 5% of every transaction. Baby Doge aims to impress its father, DOGE. Baby Doge also supports dog rescue projects and charities.
Baby Doge has gained a lot of attention from celebrities and influencers. Names such as Elon Musk tweeted about Baby Doge on July 1, 2023. Baby Doge also partnered with NASCAR driver Brandon Brown to feature its logo on his car during the race on July 17,
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