Is Baby Dogecoin and Shiba Inu same?

One of the first and biggest Shiba Inu competitors – BabyDoge meme token – has surpassed its “rival” in the number of holders after almost a 100% price spike on the market.

Baby Dogecoin is a crypto asset created by the online Dogecoin community . According to its website, “Baby Doge seeks to impress his father by showing his new, improved transaction speeds and adorableness.” Being a deflationary token, Baby Dogecoin has been designed to get scarce with time.

With a market capitalisation of more than $38 billion, Shiba Inu is now the 11th largest cryptocurrency. Meanwhile, Dogecoin is the 10th biggest , with a market capitalisation of $32 billion.

Both DOGE and SHIB were created as a joke, and they have the same dog, a Shiba Inu, for a mascot . However, this is where the similarities end. Dogecoin: DOGE was created in 2013 by engineers Billy Markus, then an employee at IBM, and Jackson Palmer from Adobe.

Shiba Inu Designed as a Dogecoin-Killer Quite interestingly, Shiba Inu, which was originally designed as the Dogecoin-killer, is now back to back with the original memecoin itself. As of the moment, Dogecoin still sits at number 12 while Shiba Inu is just one rank behind it.