There is no shortage of magical air coins in every time in the coin circle that have skyrocketed or plummeted! The success of the previous coin, indirectly derived from the zoo series before the rise, and just recently the popularity of the foreign local dog project BabyDoge is rapidly spreading in the foreign telegraph group community, lasting July 1, the coin circle leader Ma Yilong imitated the lyrics of a famous children's song Baby Dogge on Twitter.
Soon after, BabyDoge became a hot topic on Twitter, and the price doubled in an instant. This monetary fever spread rapidly on Twitter. To this day, this heat wave is still fermenting, the data shows that BabyDoge has risen by more than 245.59% in the past 7 days, and the current increase has exceeded 3000%! The turnover rate is also 637%!
As BabyDoge is still growing rapidly, on June 26, the number of addresses in BabyDoge has exceeded 150,000. Since Musk tweeted on July 1, nearly 50,000 addresses have been added that day. By now, the BabyDoge address has exceeded 400,000!
BabyDoge is widely regarded as the next successor to the meme currency of the animal lineage. However, after three stages of development, the Doge series of currencies has undergone qualitative changes, and the CX essential trend of the "model coins" transmitted by Western projects to BabyDoge and Doge series derivative currencies has been fully demonstrated.
Doge derivative, BabyDoge, a third-generation Meme overseas project based on Binance Smart Chain BSC, was released as early as June 1 and claimed that its goal is to surpass "Daddy" Doge and SHIB, which has also attracted many investors who have been fascinated by the Meme concept before. Then, the interaction of the crypto community talker Musk, SouljaBoy and the BabyDoge community once again exacerbated the irrational mood of the market. BabyDoge's addresses are growing at a rate of more than 10,000 per day.
Compared with the previous two Meme booms, the third-generation Meme currency BabyDoge has spawned new features. The earliest "Dogecoin" is the first generation of "MemeCoin" recognized by the crypto community, which has the connotation of "interesting and friendly network currency", and "community spontaneous transmission" is the long-term vitality of Dogecoin.
The second-generation Meme currency exploded under the constant hype of Doge, and Doge's initial surge was also seen as a continuation of the "retail revolution" at that time. Because this "collective consensus" even exceeded the "fundamentals" in the short term, for a period of time after that, the Meme currency "zoo" developed rapidly, some institutions and communities began to participate in it, and the crypto community also began to regard such currencies as an emotionally driven asset.
Its popularity spread in an exaggerated form, a brother in the query of its official white paper, its token model introduced a deflationary model, which is very different from the previous Meme concept currency, BabyDoge has become a "model coin" in a sense, that is, we common in 2019 with CX mode tokens, in the early years Matcha is also famous by various CX air coins!
BabyDoge has yet to make significant technological innovations, and the idea of "charity for stray dogs" that many investors have proposed reflects mediocrity. However, behind BabyDoge's rapid expansion, its currency mechanism, the holding dividend, is particularly striking.
According to the white paper, BabyDoge will reallocate 5% of the transaction value to BabyDoge holders, while another 2.5% of the transaction volume will be burned. Using the token burning mechanism, the project side originally planned to complete about 70% of the destruction plan within 6 months, and has now destroyed more than one-third of the coins. According to BabyDoge's model, once an investor sells, it takes an extra cost to buy it back. This approach greatly stimulates investors to hold the currency for a long time.
According to BabyDoge's monetary reward mechanism, investors can get dividends by placing BabyDogeCoin in their TokenPocket wallets, which will stimulate more investment options to abandon selling. It is clear that BabyDoge is a shrinking currency, and through its buying and selling mechanism, transaction costs will increase day by day.
BabyDoge's project parties and communities have always emphasized its scarcity under its deflationary mechanism, and in society, they are classified as "deflationary dividend plates", yes, still a disk, but from overseas on the other side of the ocean, the essence is still a currency circle of dividend plates.
There are voices in the society that babyDoge is issued in large quantities, more and more money in the hands of holders, and when large investors choose to leave, there will be more new investors to take over. Yesterday, the price of the coin was once smashed slightly after the rebound, and many babydoge fans involved in various kinds of information in the post bar, a call circulated everywhere!
Even in the stage of unabated heat, the exchange smashed and the official speculation and the cooperation of the exchange have left the purpose of capital bloodlust, some people say that the exchange is tricky, the data is smashed, some people say that the big account or the big V shout everywhere, and the high level escapes!
There are also big gods pulling out the back of a series of exchange smashing plates!
In fact, whether it is a retail investor being set, or an exchange smashing, or a large household fleeing, at each stage of the coin circle, there are some "hundred times" projects that are praised in the sky by leeks, and it is not difficult to see that in addition to the merits of the currency circle god "Ma Yilong", there is no cooperation between the bookmaker and the media news, not foreign or domestic retail investors flock to baby dog Purchase is still formed, a strong force, and behind the capital violence must be the division of funds and the transfer of wealth! Do you remember the "model coins" that appeared in Asia in 2019?
The baby dog is rekindled in overseas projects, and a brother believes that the large inflow of funds into this new model currency has an unhealthy impact on the entire market.
New bottles of old wine, Western projects return to the old road of "model coins". In the BabyDoge community, many investors have become familiar with the currency and have given it nicknames such as "Baby Dog" or "Dog Treasure."
However, these aliases may soon be insufficient, and after copying BabyDoge model coins, "model coins" from the West also quickly derived. In addition to BabyDoge, a series of "puppies" such as Udoge, MiniDoge, SafeBabyDoge, DanceDoge, FatherDoge, MiniDoge, and Doge are emerging in large numbers.
For example, MiniDoge introduced a "deflationary model, variable repo" model, and FatherDoge introduced concepts such as "9% transaction tax, liquidity pool, marketing package".
We look back at the first half of 2019, many model currency concepts in the currency circle appear frequently and have become an indispensable part of the currency circle, but in China, this kind of play has long been outdated, and in Western countries, because of the shout of the currency circle leader "Ma Yilong" on Twitter, the leeks of the crypto community have once again pushed this game to a climax!
And behind the earth dog gold mine is a game to eliminate the "0" tail number? A brother once again reminded that behind the crazy chicken blood must be the output of the bookmaker's conspiracy, look back at the coin, pig coin, zoo coin, after the last air coin climax, almost 90% of retail investors were trapped! In the game of the last batch of existing funds in the currency circle, how do you have the possibility of winning? Remember how those zoo coins strangled retail investors?
Before there was a bloody coin circle zoo air coin return time after the foreign community climax to drive the domestic retail investors to chase up and kill, but also remember the game station GME time of the leading big brother? The planning team behind this has long disappeared in the vast sea of people with wealth and freedom, and what leaves a chicken feather must be the unwillingness of retail investors and the air coins that are trapped! Those myths and stories are all capitalists who use people's psychology to draw cakes, so such projects must be received when they see good, and do not play with faith, because no matter how the air coin evolves, it still can't escape the essence of air, and it has no value! After all, Ma Yilong could only change the way to play dog money, continue to hang, and then suddenly found that he made more money in the currency circle than selling cars! What do you think about that?