The price of baby doge – a derivation of dogecoin – soared after a tweet from Tesla and SpaceX boss Elon Musk. “Baby Doge, doo, doo, doo, doo,” Musk tweeted Thursday, referring to the well-known nursery rhyme “Baby Shark.” The hashtag #babydoge was a trend on the web after the tweet.
According to data from CoinGecko, the price of the c coin more than doubled and rose to $ 0.000000002000 from $ 0.000000000916 after the tweet.
An hour earlier, Musk had tweeted a meme – a picture of Marlon Brando from the iconic movie The Godfather – and said “Free the Doge!”
Cryptocurrencies dogecoin and baby doge
Dogecoin started as a joke in 2013 and has since become a major digital asset, according to Business Insider. Baby doge, meanwhile, is one month old, according to the project’s social media account.
Baby doge is a sequel to the larger dogecoin project. The baby version aims to be faster, “hyper deflating” and has a built-in betting system for users to win more coins, as reported Yahoo!Finance.
The developers of baby doge claim that it is the best community currency in the world. Baby doge, according to its creators, offers a higher transaction speed at a lower cost than its “father” dogecoin.
FEW (Business Insider, Yahoo!Finance)