“Baby Shiba Inu is a new arrival in the cryptocurrency canine family, with both the community and its social purpose firmly at the heart of this project. Baby Shiba Inu is a fairly launched DeFi Token with an inbuilt reward system for holders.”
- Riding the Shiba Inu Wave
- Moonshot app released in Beta
- Meme Coin
- No whale activity
📝Contract – 🏠Website – 📱Telegram – 📈Chart
The Baby Shiba Inu (BABYSHIBINU) token is a canine themed meme cryptocurrency and has followed in the footsteps of the Shiba Inu crypto that is currently the fifth most held token on the Ethereum chain. However, BABYSHIBAINU runs on the Binance Smart Chain.
The Baby Shiba Inu community aims to build an NFT marketplace for mobile phone users to allow them to earn a steady income by holding the token. The BABYSHIBAINU token has several built-in mechanisms to reward its hodlers and 2% of the transaction fees are rewarded to the holders. 3% of the fees are used for marketing purposes and 6% is returned to the liquidity pool. At the launch, there were a total of 1,000,000,000,000,000 tokens but half of them were burnt to ensure that the price would stabilize.
The Baby Shiba Inu developers have tried to cash in on the success of other Shiba Inu theme meme tokens and have tasted mixed success.
Project Scope
Baby Shiba Inu team has released “Moonshot” app, that is used to find and follow “meme coins”. Currently app is in beta.
Baby Shiba Inu Tokenomics
Baby Shiba Inu's tokenomics are very common amongst other meme coins.
- 6% Liquidity & Locked
- 2% Distributed to all holders (Note: Tokens have to be purchased outside exhanges to benefit)
- 3% Marketing / Giveaway wallet – Find the marketing wallet here.
Has Baby Shiba Inu been doxxed and audited?
Baby Shiba Inu's dev team has been doxxed and audited by Nexus. You can find the report here.
Detailed Review of Baby Shiba Inu (BABYSHIBAINU)
The Baby Shiba Inu has tried to piggyback on the success of DOGE and SHIBA but has also tried to incorporate certain use cases that make it unique and distinguishes it from other meme tokens.
The choice of BSC is a thoughtful choice as fees on the Ethereum network have skyrocketed and it gives investors an alternate option and get the benefits of investing in meme tokens through the BSC network.
Its still very early to predict if BABYSHIBAINU can replicate the success of DOGE and SHIBA but it will get some benefit by being a namesake. The developers have spelled out the road map but they will also need to build it successfully to ensure the token has a strong use case in the future.
Let’s talk about some numbers. The all time high price of one BABYSHIBAINU was 0.000000050520 on October, 31 2021. It is currently trading at $0.000000017312 at the time of writing (Source: CoinGecko). The all time low price was 0.000000000008 on September 2, 2021. Comparing the all time low and all time high price, we get returns of about 213873% which are absolutely fantastic for a token that was launched very recently.
Where to Buy BABYSHIBAINU?
Since the Baby Shiba Inu has launched recently, it is not available on many exchanges.
However, you can buy BABYSHIBAINU on INDOEX exchange and PanCakeSwap.
You can buy SHIB either through cash via P2P (peer to peer), credit or debit cards or through other cryptocurrencies.
If you already hold some crypto, then you can use the coins to purchase BABYSHIBAINU directly through the decentralised exchanges such as PanCakeSwap. All you need to do is connect your wallet such as metamask and select the appropriate coin pair that you wish to use for purchasing BABYSHIBAINU (for example: BTC/BABYSHIBAINU or ETH/BABYSHIBAINU). The decentralised exchanges are a quicker and easier method that guarantees anonymity as you do not have to deposit fiat currencies or complete a KYC process before purchasing the Baby Shiba Inu token. You can also use BABYSHIBAINU for purchasing other altcoins through the decentralised route as explained above.
Price Prediction for Baby Shiba Inu (BABYSHIBAINU)
The Baby Shiba Inu coin has seen a huge price increase ever since its launch. The BABYSHIBAINU token saw a steady increase in volume in the month of November, 2021 as seen on the chart below. The token could possibly 2X or 5X in price if the marketing efforts and social media engagement bears fruit. The developers of Baby Shiba Inu have dedicated a part of the transaction fees for spearheading marketing efforts. The Baby Shiba Inu token has a current trading volume of $63,292, which is not too bad for a token that is not very old and is still taking shape.
The Baby Shiba Inu coin has seen a huge price increase ever since its launch. The BABYSHIBAINU token saw a steady increase in volume in the month of November, 2021 as seen on the chart below. The token could possibly 2X or 5X in price if the marketing efforts and social media engagement bears fruit. The developers of Baby Shiba Inu have dedicated a part of the transaction fees for spearheading marketing efforts. The Baby Shiba Inu token has a current trading volume of $63,292, which is not too bad for a token that is not very old and is still taking shape.
Baby Shiba Inu FAQ (BHIBA)
What Can you do With the Baby Shiba Inu?
Hodl as a long term investor: The developers of Baby Shiba Inu have an ambitious road map for the token including an NFT marketplace. The passive income rewarded to holders through sharing a part of the transaction fees (2%) also makes hodling BABYSHIBAINU for the long term very attractive for investors. You could also simply hodl it and gain from its price appreciation in the long term.
Swap BABYSHIBAINU to other BSC tokens: You can use BABYSHIBAINU and directly swap to other altcoins on a decentralised exchange. The process is quick and simple, and is described below.
How to Swap BABYSHIBAINU to other altcoins
Simply head over to a decentralised exchange and connect your wallet. Then, select the amount of BABYSHIBAINU you wish to spend (factoring in transaction fees) and swap for another crypto token. You will receive the tokens in the same wallet.
Is BABYSHIBAINU Legit?
The Baby Shiba Inu developers have not chosen to remain anonymous and this speaks volumes for its legitimacy. The BABYSHIBAINU token has also been audited by Nexus Solidity and the token enjoys sufficient decentralization to ensure there can be no surprising rug pulls. As the token gains more popularity and adoption in the future, the number of holders will also increase providing more stability to the price.
However, meme cryptocurrencies are a volatile investment instrument so please use the advice presented in this article to supplement your own research before taking an investment decision.
How to buy Baby Shiba Inu?
Watch the video below about Baby Shiba Inu (SHIB) and where to buy it!
