Bitcoin-themed meme coin Baby Bitcoin (BBTC) rallied while meme cryptocurrency Dogecoin (DOGE) and Shiba Inu (SHIB) pulled back. So what is the purpose of this altcoin project and the latest developments in its ecosystem? Here are the details…
Baby Bitcoin rises as Dogecoin and others fall
Baby Bitcoin gained almost 200 percent yesterday, climbing as high as $0.00000002 during the day. It’s changing hands at $0.00000001604 at the time of writing. Until just two days ago, it was trading at $0.000000014. At the time of the rally, the altcoin gained 214.94 percent against the largest cryptocurrency Bitcoin and 210.93 percent against Ethereum. At the time of writing, these values have dropped to around 10 percent.
For comparison, Dogecoin is down 3 percent in the last 24 hours and is trading at $0.2453 at the time of writing. The self-described “Dogecoin killer” Shiba Inu is changing hands at $0.000028, losing 4% in a 24-hour period. By the way, cryptocoin.com As we reported, Bitcoin has dropped by 6 percent from its all-time high on October 20.
The project behind Baby Bitcoin says it plans to cooperate economically with global organizations to reduce child poverty. The token, which calls itself the “Prince of Crypto”, says on its website that it is working on various projects, including online radio, lotteries and NFTs. Baby Bitcoin also said that it has reached 18,000 currency holders.
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