Released about a month ago, Baby Doge cryptocurrency is a modified version of Dogecoin that includes new encryption and improved transaction speeds, according to its creators.
The baby doge cryptocurrency saw its value increase by 228% within 24 hours and if we take into account the last two weeks, the increase in its value reaches 716.9%, according to the portal Bitcoin.com. The latest surge in value comes after Elon Musk reported on the baby doge cryptocurrency on his Twitter account. Specifically, the tweet was: “Baby Doge, doo, doo, doo, doo, doo, Baby Doge, doo, doo, doo, doo, doo, Baby Doge, doo, doo, doo, doo, doo, Baby Doge.”
Released about a month ago, baby doge is a modified version of dogecoin, a meme-based cryptocurrency that has risen sharply this year. In particular, it ensures that it has new encryption and improved transaction speed. One of the characteristics of cryptocurrency is that it is super-inflationary, the creators said.
“Other baby doge coins are automatically added to the wallet with each transaction that occurs on the network,” say its creators. In about a month since the baby doge was released, the holders of such cryptocurrencies have already exceeded 200 thousand.
The owner of technology giants Tesla and SpaceX, Elon Musk, posted on his Twitter account a post about the great success of baby doge, and within 24 hours, the cryptocurrency increased by 228%.
Recall that recently Elon Musk had caused a drop in the price of the Bitcoin cryptocurrency, through his posts on Twitter that Tesla will stop accepting bitcoin as payment for its vehicles, since the cryptocurrency is very energy consuming.