BabyDoge, a meme cryptocurrency inspired by Dogecoin, has gained renewed interest in the crypto community.
The cryptocurrency known as Baby Doge, which is based on the dog-themed meme cryptocurrency Dogecoin, has once again captured the attention of people all around the cryptocurrency landscape.
As a result of the token’s recent decision to relinquish ownership of Ethereum and BNB Chain, the coin has acquired the necessary permissions to expand its operations to Solana.
A recent post on X formally approves the meme coin’s plan to deploy the BabyDoge token on the Solana network. This paves the way for the subsequent phase of creating upgrades that will be necessary for the successful deployment of the meme coin on one of the most well-known blockchains.
BabyDoge To Deploy On Solana
The community of meme coins shared a post today, June 8, confirming the formal approval of the proposal on snapshot.org and the significant odds in its favor.
A remarkable one hundred percent, or 2668 trillion, of the community members voted “yes.” Research follows the phases of development, testing, and deployment in the development process.
This ensures the seamless integration of a Solana-compatible BabyDoge token smart contract onto the proposed network following the completion of all testing.
Why Launching On Solana?
In addition, token bridges will be accessible simultaneously, allowing for the establishment of bridges between ETH, BNB Chain, and Solana. Today’s post also highlighted the strategic decision to build on Solana.
Solana is a more appealing alternative because, in comparison to Ethereum, it provides transactions that are more cost-efficient. Furthermore, the fact that not all tier 1 centralized exchanges offer BNB Chain is another factor contributing to Solana’s popularity.
When it came to deciding whether or not to expand Baby Doge on Solana, these criteria were extremely important. After the successful deployment of BabyDoge on the network, we anticipate a transaction speed of greater than 65,000 transactions per second (TPS).
Additionally, BabyDoge will reduce the fees to 0.00025 dollars per transaction. These circumstances appear to have presented the crypto community with a compelling argument to support the idea.
BabyDoge Price Tumbles
Nevertheless, BabyDoge’s price dropped at the time of publication, sparking doubts despite the positive trend. As I write this article, BabyDoge’s price has dropped by 8% in the last 24 hours, currently trading at $0.000000001814.
During the past twenty-four hours, the token’s lowest price was $0.000000001814, and its highest price was $0.000000001975. The price movement generally aligns with the current fading price trend in the cryptocurrency market as a whole.
When the market begins to recover, there is a possibility that the meme coin will have a price surge.