Baby Doge is a fun meme coin project inspired by Dogecoin, the father of meme coins. Their official website states that: 'Baby Doge's primary utility is building a community of funny memes to spread awareness of animal adoption.'
Other noteworthy features are:
- Auto burn - This means that of 5% of the reflections, more than 45% of them will be distributed to the dead wallet with each transaction.
- Auto Reflexes - 5% of each transaction is redistributed to token holders.
- Cash blocked - Most of the initial LP tokens were blocked and some burned.
- Charitable Portfolio - They have a charity portfolio that receives redistributions to support their charitable partners.
However, it is important to know that the Baby Doge coin has had times when it has gone up in price, but nothing indicates that it will be a long-term success. Furthermore, there are no competitive advantages or unique features.
There are several cryptocurrencies similar to Baby Doge Coin and they all work in much the same way. First, they charge a fee on each transaction and redistribute it to existing token holders. At first, they throw themselves into a big marketing campaign and post on social media to explain how the price is rapidly rising. In fact, these cryptocurrencies are designed to make money for the founders.
Before investing in a meme coin, it is important to make sure that you are not investing in cryptocurrencies that could make us lose our money.
Recall that, unlike other serious cryptocurrencies, meme coins don't usually add real value to society.
But what makes the Tamadoge token different and a more viable option for low-risk, high-yield investments in 2022 and the next few years?
Many traders will associate this coin with successful memes such as Dogecoin. But, in addition, the Tamadoge team associates it with the popular '90s craze: Tamagotchi. Combining both, Tamadoge is in the perfect branding position to become the fall 2022 hype.
Tamadoge is poised to absorb meme coin investors with a better alternative. Bitcoin is also expected to resume rising in the postseason, so Tamadoge's launch moment couldn't have come at a better time.
Since Tamadoge also features game elements, it will be more successful than Baby Doge in this part of the market. In addition, Tamadoge is planning an AR element, which could be quite successful in the gaming world.
Since Tamadoge works on a Play-to-Earn model, where players can earn Tamadoge because their Tamadoge pets outperform others. Firstly, this ensures a strong following and greater usability of the coin, as the coin also has value in the game.
The final verdict: is investing in Tamadoge a good move?
Definitely yes, especially if you are the type of trader that prefers trading and investing in low-risk strategies to grow your investment safely. Plus, jumping into the Tamadoge project and managing your investment is easier, especially for newbies.
