{"id":149121,"date":"2022-01-07T15:07:05","date_gmt":"2022-01-07T15:07:05","guid":{"rendered":"https:\/\/precoinnews.com\/?p=149121"},"modified":"2022-01-07T15:07:05","modified_gmt":"2022-01-07T15:07:05","slug":"number-of-babydoge-token-holders-surpasses-that-of-shiba-inu-shib","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/altcoins\/number-of-babydoge-token-holders-surpasses-that-of-shiba-inu-shib\/","title":{"rendered":"Number of $BABYDOGE Token Holders Surpasses That of Shiba Inu ($SHIB)"},"content":{"rendered":"

The number of wallet addresses holding BabyDoge ($BABYDOGE), a cryptocurrency create by Dogecoin fans to \u201cimpress his father by showing his new improved transaction speeds & adorableness\u201d has surpassed the number of wallets holding rival meme-inspired cryptocurrency Shiba Inu ($SHIB).<\/p>\n

The difference was first pointed out by the official Twitter account of BabyDoge, which posted screenshots of both BscScan and Etherscan, two blockchain trackers for the Binance Smart Chain and Ethereum respectively.<\/p>\n

At press time BscScan shows that BabyDoge has a total of 1.139 million addresses holding the cryptocurrency, while Etherscan shows Shiba Inu has a total of 1.121 million addresses holding SHIB.\u00a0 <\/p>\n

It\u2019s worth noting the figures only reflect wallets on the Ethereum and Binance Smart Chain blockchains and not individual holders. One SHIB or BABYDOGE holder can, for example, hold dozens of wallets, while another wallet can have the funds of thousands of holders if they custody their funds on an exchange, for example.<\/p>\n

Shiba Inu\u2019s price has been dropping since November 2021 after hitting an all-time high of around $0.0008, while over the same period the price of BabyDoge declined before resuming its uptrend in mid-December.<\/p>\n

As CryptoGlobe reported, BABYDOGE recently became the most traded token among Binance Smart Chain whales, even flipping a tokenized version of Ethereum\u2019s ether on that blockchain. \u00a0\u00a0The move was accompanied by significant accumulation of the cryptocurrency by the top whales on the Binance Smart Chain, which hold over 45 trillion tokens.<\/p>\n

The cryptocurrency\u2019s NASCAR debut was on July 10, with BABYDOGE\u2019s branding featured on driver Brandon Brown\u2019s No. 68 Chevrolet Camaro. The cryptocurrency, it\u2019s worth noting, was launched June 1 on the Binance Smart Chain with a mission to save as many dogs as possible, according to its\u00a0website.<\/p>\n

Both BABYDOGE and SHIB have been betting on token burns in a bid to reduce circulating supply, which could lead to price increases if met with growing demand. A total of nine businesses has recently pledged to burn SHIB using a part of their profits and SHIB burns have seen only 59% of the supply remain, while BabyDoge has seen over 5 quadrillion tokens get burned.<\/p>\n

DISCLAIMER<\/strong>
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.<\/em>
IMAGE CREDIT<\/strong>
Featured\u00a0Image\u00a0via\u00a0Pixabay<\/em><\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The number of wallet addresses holding BabyDoge<\/p>\n","protected":false},"author":3,"featured_media":149120,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[],"yoast_head":"\nNumber of $BABYDOGE Token Holders Surpasses That of Shiba Inu ($SHIB) - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/altcoins\/number-of-babydoge-token-holders-surpasses-that-of-shiba-inu-shib\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Number of $BABYDOGE Token Holders Surpasses That of Shiba Inu ($SHIB) - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"The number of wallet addresses holding BabyDoge\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/altcoins\/number-of-babydoge-token-holders-surpasses-that-of-shiba-inu-shib\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-07T15:07:05+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2022\/01\/Number-of-BABYDOGE-Token-Holders-Surpasses-That-of-Shiba-Inu-SHIB.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/altcoins\/number-of-babydoge-token-holders-surpasses-that-of-shiba-inu-shib\/\",\"url\":\"https:\/\/precoinnews.com\/altcoins\/number-of-babydoge-token-holders-surpasses-that-of-shiba-inu-shib\/\",\"name\":\"Number of $BABYDOGE Token Holders Surpasses That of Shiba Inu ($SHIB) - 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