Gloomy Future Ahead for Baby Doge
It was built on Binance Smart Chain in 2021. Thanks to some hype, it amassed a reasonable following.
The creators of this coin are unknown, but that is not so odd in the crypto community. Even Bitcoin has an anonymous creator.
Long-term holding is discouraged due to a flooded supply; there are hundreds of quadrillions (yes, with a Q) of Baby Doge coins.
As for short-term holding, low trading volume is a serious obstacle.
It is mainly caused by a 10% trading fee, and traders are incentivized to make as few trades as possible.
The price has been near zero for years, and this coin just doesn't make any sense, at least from this perspective. In a few years, who knows.
Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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