Why Baby Doge Coin could be a good buy today

By: Charlie Hancox
Charlie Hancox
Alongside his passion for trading, Charlie has represented Great Britain and won national championships as a water polo player,… read more.
on Jun 24, 2021
  • Find out why Baby Doge Coin could be the next big thing
  • Explore the best places to buy BabyDoge coin online
  • What is our BabyDoge price prediction?

Baby Doge Coin (BabyDoge) could the best asset to invest in this July, and this article explains why.

We talk you through what Baby Dogecoin is, what it is going up in value, what its investment prospects are going forward, and we even give you our BabyDoge coin price prediction.

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Many crypto investors have been asking ‘where can I buy Baby Dogecoin’ in recent days; so, to get things started, our team of analysts have listed the two best places to buy Baby Doge Coin quickly and easily so you can make a swift and hassle-free investment.

Where to buy Baby Doge Coin ‘stock’ online

First things first, Baby Dogecoin is a cryptocurrency; not a stock. Make sure you understand this important distinction.

If you want to invest in Baby Dogecoin in the UK or elsewhere, we recommend signing up to a reliable online crypto broker, depositing funds, searching for BabyDoge and buying the number of coins you want.

While some individuals opt to trade Baby Doge Coin via a decentralised exchange (DEX), we feel crypto brokers offer the best blend of low fees, flexible usability and solid customer support. So, here are the best platforms to buy and sell Baby Dogecoin:

eToro

eToro is one of the world's leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It's social copy trading features make it a great choice for those getting started.

Register with eToro instantly

Binance

Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.

Register with Binance instantly

If you need a little more guidance before getting started, and you are struggling to understand exactly how to buy Baby Dogecoin, check out our introductory guide to buying Bitcoin and use that to establish the fundamental knowledge you need to invest.

Why should I buy Baby Doge Coin today?

Because it very well looks like it could be the next Dogecoin, a cryptocurrency that gained thousands of per cent in value in a very short time period.

Thanks to market sentiment and increased transaction speeds over its parent, BabyDoge crypto has exploded in value over the course of the last week, and its progress is accelerating. The Baby Dogecoin price is up by 50% today alone, and with trading volume up by nearly 100%, the price of Baby Doge Coin could be about to truly skyrocket.

When you look around at all the other asset candidates for your investment this July, none of them come close to the potential value creation of BabyDoge coin. You can check out our BabyDoge coin price chart to keep track of things here.

What is Baby Doge Coin?

It is a cryptocurrency project that operates on the Binance smart chain. It is the child of its meme-fuelled father, Dogecoin.

BabyDoge tokens are marketed as a ‘hyper-deflationary’ currency with built-in smart staking system that means every day, more Baby Doge Coins are added to the wallets of tokenholders. This income is derived from a 5% fee that is applied to each and every transaction that occurs in the BabyDoge ecosystem.

The fundamental value of the project is in its strong branding – or ‘adorableness’ – and its ability to provide faster transactions and increased scalability over DOGE thanks to its 5-second block time, compared to the 60 seconds of Dogecoin. As a result, gas fees are anticipated to be signifianty lower for BabyDoge than its canine-themed compatriot.

Should I buy Baby Dogecoin right now?

If you are looking for a high-risk/high-reward crypto investment with enormous upside potential, Baby Dogecoin could be the asset for you.

Just make sure you take the time to conduct the necessary due diligence and market research before putting your capital in the firing line.

Should I sell Baby Dogecoin right now?

This doesn’t seem like a good idea because much of BabyDogecoin’s growth is yet to come. This question might be more suitable in the coming weeks and months.

Will Baby Doge Coin make me rich?

If you buy enough coins, and you purchase them at a good price, anything is possible. We have already seen the incredible story of Dogecoin transform the lives of many investors, and the same could be true for BabyDoge if you get in early and it experiences the same kind of social-investing push.

BabyDoge coin price prediction

Our Baby Doge Coin price prediction remains nebulous for now. The sheer number of variables, unknowns and the potential volatility makes predicting the price of BabyDoge coin with any degree of accuracy practically impossible.

However, what we can say is that in the short term, our team of analyst’s expect significant price accretion.

Social media reacts to $BabyDoge coin

Social media has been awash with investors discussing BabyDoge coin. Here are some of the top reactions:

For more on BabyDoge and other top cryptocurrencies, check out our news section.

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