What is the difference between baby dogecoin and Shiba Inu?

Baby dogecoin and Shiba Inu are meme-inspired coins. They both are growing rapidly in the crypto world. It all started with the inception of dogecoin then Shiba Inu which was further followed by baby dogecoin. They all came to light with a social media boom. Now, if you are an investor or explorer and want to choose the most suitable altcoin among them. Then, we can help you out by providing a clear distinction between the two. But before moving on to that, let us just first go through the brief introduction of baby dogecoin and Shiba Inu.

What is baby dogecoin?

According to its website, baby doge is simply a digital coin meant for fans and members of the dogecoin online community. Along with this, the website also states that it is proud to run with this further providing fairness and transparency to the community. In addition, ever since Elon Musk has tweeted about baby doge, it has resulted in skyrocketing of this asset's value and price.

A 10% fee is charged when there is a transaction of baby doge. But this fee is levied only when you sell baby dogecoins. In case, you are holding it, then you are eligible to get a commission on the sale price whenever someone sells it.

Moreover, the founders of this asset claim that baby doge is a hyper-deflationary coin which means that the supply of the coin is limited and will not expand.

However, if you find baby dogecoin appealing, you can try investing in it through various crypto trading platforms such as Bitbns, Binance, etc.

What is Shiba Inu?

It was started as a joke coin (SHIB). Still, it is on the rise and is streaming while other major altcoins are struggling in the crypto market. Shiba Inu has also gathered a lot of investments and is emerging to be a preferable choice of investors.

However, in the past few months, this altcoin has attempted to break through resistance in the mixed cryptocurrency world with about $0.000010, but was unable to build the required upside momentum and thus retreated back.

This digital asset is also easily available in various crypto exchanges like Wazirx, Zebpay, Binance etc.

Now, let's come to the difference between baby dogecoin and Shiba Inu.

Baby dogecoin v/s Shiba Inu

It is very clear that baby doge has no practical use. Top cryptocurrencies like bitcoin and ethereum are ruling the digital finance world because they all have their fundamental purpose. But baby dogecoin just came out of the bloom with only one tweet which was circulated all over the social media platforms in the world. Therefore, the experts are uncertain about its future and how long the hype will go on.
Whereas, Shiba Inu has shown its considerable value and efforts to be in the spotlight and attract investments. Among the fellow meme coins, it has evolved to be one of the best choices for small altcoins.

Baby doge, a spin-off of dogecoin, works on an integrated smart stake system which simply means that users can add more coins to the wallet with every single transaction.
In the case of Shiba Inu, it operates on dogecoin inspired blockchain technology and is hosted by Ethereum. In addition, it works on a decentralised exchange website. Many experts believe that this coin has the potential to survive in the long run due to its proven objective, given value and is backed up by the second-largest cryptocurrency-Ethereum.

Wrap up

Baby doge has recently joined the crypto club and may need more time to find its true purpose. So, investing in a baby doge can be a risky affair. But Shiba Inu was launched before it by the Ethereum network providing benefits and propositional value to its users.

Hence, Shiba Inu could be a better option when compared to baby dogecoin. In addition, it shows positive signs of future growth. However, it is recommended to gather more information and do your own research before making the selection. You can also take advice from the experts associated with the best crypto exchange in India.