Baby Doge Releases ETH & BNB Chain Contracts, What's Next?
2024-06-07
Bittime - The Baby Doge community has taken an important step in the evolution of their project by choosing to abandon its original creator Chain, Ethereum (ETH) and Binance Smart Chain (BNB Chain).
This announcement was made via social media platform X by the owner of BabyDoge Coin, marking a new era in the development of this popular meme coin.
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How did the Baby Doge Community Respond?
The proposal to divest ownership of Baby Doge token contracts on Ethereum (ETH) and Binance Smart Chain (BNB Chain) has been approved by the Baby Doge community.
This decision reflects a collective desire to improve the scalability, cost efficiency and interoperability of the project.
What Should the Baby Doge Community Expect Regarding the Release of the ETH & BNB Chain?
The transition to the new network is expected to open up new opportunities for Baby Doge, enabling broader collaboration with other projects in the blockchain space and increasing accessibility for users worldwide.
The Baby Doge community is committed to working with new partners and developing innovative features to drive the growth and adoption of Baby Doge.
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What Hopes for Baby Doge in the Future?
This move is a testament to the Baby Doge community's commitment to building a sustainable and long-term successful project.
By switching to a new network, Baby Doge is paving the way for a future full of possibilities and ready to reach greater heights.
Why Is This Ownership Release Important in Crypto?
Relinquishment of ownership, also known as renunciation, is an important step in a token's lifecycle that signals a project's commitment to decentralization.
In this process, contract admin privileges are permanently surrendered, so the developer no longer has control over changing the agreement.
This ensures that contracts function independently, free from external intervention, and aligned with the security and transparency principles underlying blockchain technology.
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Will Baby Doge Skyrocket in the Future?
Baby Doge Price Soars After Ownership Release
Recently, news of the release of ownership of the Baby Doge token triggered a nearly 1% increase in the token price.
Currently, Baby Doge is trading at $0.000001938, showing an increase of 0.10% compared to the previous day.
Baby Doge in the Market Spotlight
Baby Doge currently occupies the 252nd position in the crypto ecosystem. Its market cap stands at 143,788,799,573,309,472 BabyDoge, with a circulating supply of $262.5 million.
Bullish Sentiment Dominates
The indicator shows Baby Doge market sentiment is bullish, reaching 96%. Meanwhile, the Fear & Greed Index shows a score of 78, indicating extreme greed.
In the last 30 days, Baby DogeCoin experienced 5.72% price volatility and 15 days in the green (or 50%) out of a total of 30 days.
Baby Doge Price Prediction for 2024
Technical analysis predicts the minimum price of Baby Doge Coin in 2024 will be $0.000000000907.
Meanwhile, the maximum price is predicted to reach $0.00000000387. The estimated average trading price is around $0.00000000683.
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