Dogecoin (DOGE), a cryptocurrency created by fans to “impress his dad by showing off his newly improved transaction speed and cuteness” BabyDoge (BABYDOGE) number of wallet addresses holding a rival cryptocurrency, again inspired by an internet meme Shiba Inu (SHIB) surpassed the number of holding wallets.
This interesting difference was first noticed by BabyDoge’s official Twitter account, which posted screenshots of BscScan and Etherscan, two blockchain trackers for Binance Smart Chain and Ethereum, respectively.
breaking news #BabyDoge has surpassed #shiba in terms of holders pic.twitter.com/Mz03GR4Amv
— BabyDoge (@BabyDogeCoin) January 4, 2022
At press time, BscScan shows BabyDoge has a total of 1,165 million addresses holding the cryptocurrency, while Etherscan shows Shiba Inu has a total of 1,124 million addresses holding SHIB.
It’s worth noting that the numbers only reflect wallets on the Ethereum and Binance Smart Chain blockchains, not individual owners.
The price of the Shiba Inu has continued to move in a downtrend since November 2021, after reaching an all-time high of around $0.0008, while the price of BabyDoge was consistently lower before starting an uptrend in mid-December.
Attracting the attention of SHIB, BABYDOGE seems to be the new favorite meme of the crypto world. As CryptoGlobe reports, BABYDOGE has recently become the most traded token among the Binance Smart Chain whales, even surpassing the tokenized version of Ethereum’s ETH on that blockchain. This move was accompanied by a significant accumulation of cryptocurrencies by top Binance Smart Chain whales holding more than 45 trillion tokens.
The cryptocurrency’s NASCAR launch took place on July 10, and BABYDOGE’s brand made its debut in driver Brandon Brown’s #68 Chevrolet Camaro. According to the cryptocurrency’s website, BABYDOGE was launched on Binance Smart Chain on June 1 with a mission to save as many dogs as possible.
A total of nine businesses recently pledged to burn SHIB using a portion of their profits, and SHIB burns saw only 59% of supply remaining, while BabyDoge saw more than 5 quadrillion coins burned.
Both BABYDOGE and SHIB are betting on token burning to reduce circulating supply, and this move is believed to result in price increases if demand increases. Shiba Inu and BabyDoge are putting a lot of effort into this by holding events and mass burnings.
As a result of these efforts; A total of nine businesses recently pledged to burn SHIB using a portion of their profits. So far, community-led SHIB burns have only left 59 percent of the supply, while BabyDoge has burned more than 5 quadrillion tokens.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.