Elon Musk, who declared himself as the father of the “Dogefather” currency, some followers are resentful of his news and that it is better to ignore him, but in fact it is difficult to do so.

By virtue of the impact it imposes on the market, which is expected to gradually decrease as the market expands more and new billions enter.

Tesla and SpaceX CEO Musk tweeted yesterday about the cryptocurrency Baby Doge, a similar or arguably a subsidiary of Dogecoin.

Musk’s tweet helped raise the price of the cryptocurrency by as much as 130%.

As for Musk’s tweet, it was as follows:

Read:SEC imposes fees on 2 crypto companies and 4 individuals for their involvement in the pump and dump program

Baby Dog, Doo, Doo, Doo, Doo, Doo

Baby Doogie, Doo, Doo, Doo, Doo, Doo,
Baby Doogie, Doo, Doo, Doo, Doo, Doo,
Baby Doogie, Doo, Doo, Doo, Doo, Doo,
baby doji

– Elon Musk July 1, 2021

In an apparent reference to the children’s song “Baby Shark Dance”, a YouTube clip that has garnered more than 8.8 billion views.

As for the cryptocurrency “Baby Doge” it is a small cryptocurrency that is only 22 days old, and it is currently trading for $0.000000001516.

According to CoinGecko data, the Baby Doge price has increased by 549.5% since its inception.

What is the Baby Dog project and how is it different from cryptocurrency that uses dogs as symbols?

“Baby Doge” shares a lot of symbolism with the original currency “Dogecoin” but has nothing to do with it on a technical level, it is not a secondary component or a split from it.

“DOGE” is a cryptocurrency that resides on its own blockchain, while “Baby Doge” is a digital currency built on Binance.

Read:Learn about the most important upcoming positive events for the cryptocurrency and bitcoin market

“Dogecoin” is a fork of the “Luckycoin” blockchain, the latter is a cryptocurrency that no longer exists and which is also split from “Lightcoin”.

Litecoin, which ranks 14th among the largest cryptocurrencies, came into existence as a fork of Bitcoin.

As such, Dogecoin developers are working to maintain their proximity to the Bitcoin blockchain.

“Baby Doge,” a digital currency based on the “BEP-20” standard, was developed on the Binance blockchain.

So, in terms of technical and design design, Baby Doge is more similar to Shiba Inu, another Dogecoin-like version that was recently listed on the largest US cryptocurrency exchange Coinbase.

Launched last summer as an ERC-20-based token on the Ethereum network, Shiba Inu has started trading on decentralized exchanges (DEXs) like Uniswap.

It is currently trading at $0.0000835, down 3% in the past 24 hours.

Elon Musk and Memes:

The developers of Baby Doge say that this digital currency meme has learned some tricks and lessons from his father, “Doge” and wants to impress his father by demonstrating his new improved transaction speeds and attractiveness.

If it’s the father who hopes this project impresses him, this may have just worked considering that “Elon Musk” is the father of “Doge Quinn” as he stated earlier.

Read:Development of a decentralized social network based on Ripple’s XRPL

But perhaps Musk’s interest in Baby Doge isn’t necessarily rooted in the technical details.

Where a follower asked “Mask” about the secret of his attachment to meme coins, despite the presence of digital currencies with strong projects and a high ability to expand, such as Cardano, Ethereum and Polkadot …

Musk responded by saying:

Not like Doge and Memes have sons while others don’t.

Dougie has dogs and memes, while others don’t

– Elon Musk May 25, 2021

Read also:

This is how someone lost the title of “Dogecoin” millionaire because it was not sold! The full story is here

How is Shiba Inu different from Dogecoin?