Baby Doge coin: How Elon Musk made Dogecoin’s child spike

Child Doge coin not too long ago noticed a spike in worth due to its grandfather, the DOGEfather, Elon Musk.

What’s Child Doge coin?

Child Doge coin is another model of Dogecoin. It’s a meme-based cryptocurrency with a low worth that always earns a number of hype and success via social media.

Child Doge coin is attempting to do what Dogecoin did, however higher.

• “Child Doge seeks to impress his father by displaying his new improved transaction speeds & adorableness,” the Child Doge coin web site defined. “He’s Hyper-deflationary with an built-in good staking system inbuilt to reward you, so extra child doge cash are being mechanically added to your pockets every transaction. Merely Love, pet, and watch your child doge develop.”

How a lot did Child Doge spike?

The cryptocurrency spiked by 228.3% in 24 hours, in line with Bitcoin Information. The coin has jumped 716.9% within the final two weeks alone.

• In keeping with Benzinga, a single Child Doge coin was as soon as price someplace round $0.0000000003950. In Could, a single coin held a worth of $0.0000000000018.

Why did Child Doge coin spike not too long ago?

It’s all due to Tesla CEO Elon Musk, who tweeted an announcement that was considerably winking at Child Doge coin.

• “Child Doge, doo, doo, doo, doo, doo, Child Doge, doo, doo, doo, doo, doo, Child Doge, doo, doo, doo, doo, doo, Child Doge.”
• The tweet can also be a play on the “Child Shark” music.