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Baby Doge coin just spiked like Dogecoin

Why did Baby Doge coin see a big jump in value and price?

A Shiba Inu dog on a coin. Illustration by Alex Cochran, Deseret News

Baby Doge coin recently saw a spike in value because of its grandfather, the DOGEfather, Elon Musk.

What is Baby Doge coin?

Baby Doge coin is an alternative version of Dogecoin. It’s a meme-based cryptocurrency with a low value that often earns a lot of hype and success through social media.

Baby Doge coin is trying to do what Dogecoin did, but better.

  • “Baby Doge seeks to impress his father by showing his new improved transaction speeds & adorableness,” the Baby Doge coin website explained. “He is Hyper-deflationary with an integrated smart staking system built in to reward you, so more baby doge coins are being automatically added to your wallet each transaction. Simply Love, pet, and watch your baby doge grow.”

How much did Baby Doge spike?

The cryptocurrency spiked by 228.3% in 24 hours, according to Bitcoin News. The coin has jumped 716.9% in the last two weeks alone.

  • According to Benzinga, a single Baby Doge coin was once worth somewhere around $0.0000000003950. In May, a single coin held a value of $0.0000000000018.

Why did Baby Doge coin spike recently?

It’s all thanks to Tesla CEO Elon Musk, who tweeted a statement that was somewhat winking at Baby Doge coin.

  • “Baby Doge, doo, doo, doo, doo, doo, Baby Doge, doo, doo, doo, doo, doo, Baby Doge, doo, doo, doo, doo, doo, Baby Doge.”
  • The tweet is also a play on the “Baby Shark” song.