It’s been a great 24 hours for BABY BEERCOIN (BBEER) holders. The coin’s price has rocketed over 100% in the past day, now hovering around the .00066 level. However, an even quirkier meme coin called WienerAI (WAI) is also doing well – and just passed the million milestone in its token presale event. BABY […]
Bitcoin News
Baby Doge Coin Grows 124% In Last 7 Days – Is This The Next Big Thing In Crypto?
Baby Doge Coin (BABYDOGE) has been maintaining a steady and strong price action in the last few weeks. For instance, in the last seven days alone, the fast-rising meme coin has tallied an impressive 124% increase – a feat not all of its rivals can match in any given period.
Baby Doge still dominates other dog-themed cryptocurrencies such as Dogecoin (DOGE), Shiba Inu (SHIB), and BoneShibaSwap (BONE) in the 24-hour performance department.
At the time of writing, Baby Doge is trading at .000000003535, up nearly 2% in the last hour, according to data by Coingecko.
BABYDOGE has so far tighten its grip on the monthly charts, with an unrelenting 268% lock which the crypto may hold on to in the next few weeks, according to some analysts.
Baby Doge Coin Enjoys Positive Sentiment
The aggressive run of the meme coin is due to the favorable feeling surrounding the coin as it continues to be listed on multiple exchanges.
OKX Exchange was the most recent exchange to implement support for Baby Doge Coin, integrating BabyDogeSwap into the OKX Wallet and Discovery Page.
The official Baby Doge Coin team praised the collaboration, noting that OKX has 20 million users in more than 100 countries.
The increase in price also stems from the fact that the team behind the meme currency burnt 682 trillion BABYDOGE, valued at around ,091,200.
682 trillion #BabyDoge was burned forever worth estimated ,091,200
Swap buy back & burn 2.6 trillion #BabyDoge
Proofhttps://t.co/b8m0ry36Mh pic.twitter.com/vfYjTuzWo5
— BabyDogeSwap.com LIVE (@BabyDogeCoin) February 1, 2023
Burning is the process of removing tokens from circulation permanently by transferring them to an unreachable wallet address.
This creates a shortage in the coin supply because it becomes nearly impossible to reclaim the tokens.
New Features And Partnerships
The team behind Baby Doge Coin is also continuously creating new features and collaborations, with a focus on increasing its reach and utility for consumers.
Baby Doge Coin is a cryptocurrency derived from the popular meme-inspired cryptocurrency Dogecoin.
It was designed to bring a new perspective to the world of cryptocurrencies, with an emphasis on community and user involvement.
The initiative intends to provide a user-friendly and entertaining platform for digital currency transactions and investments.
Baby Doge Coin operates on a decentralized network, which means that transactions are handled and validated by a network of users as opposed to a single authority.
This enhances security and reduces the likelihood of fraud or hacking. In addition, Baby Doge Coin offers a quick transaction processing time and minimal transaction fees, making it an excellent option for people who wish to conduct transactions swiftly and cheaply.
The development of Baby Doge Coin is supported by a large and committed community of programmers and fans.
Baby Doge Coin is being accepted by an increasing number of users and shops as a form of payment.
Baby Doge Coin has the potential to become a major participant in the cryptocurrency market due to its strong emphasis on community, fun, and accessibility.
Featured image by The Motley Fool
Baby Got Back: 50-Year Veteran Trader Compares Bitcoin Bottoms
Whether it is Bitcoin or another asset, bottoms can be hard to spot until much later in hindsight. That is unless you are Peter Brandt, career commodities trader with nearly 50 years of market experience.
In a new comparison, Brandt compares the crypto bear market bottom he predicted a year in advance, with the current pattern that recently pushed Bitcoin beyond ,000. Here is the full comparison along with why it might be worth listening to Brandt’s words of wisdom.
50-Year Trading Veteran Hints At Possible Bitcoin Bottom
In a new tweet, founder of The Factor Report Peter Brandt compares the late 2018, early 2019 bear market bottom, with the current Bitcoin price action.
Brandt specifically calls attention to the ascending triangle pattern that Bitcoin price appears to have broken out of, and its resemblance to what turned out to be the ultimate price floor.
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The classical chartist cites reference to what is considered “the real bible of technical analysis” – the book Technical Analysis and Stock Market Profits: A Course in Forecasting by Richard W. Schabacker. The expert technician even references the exact page number where more details on the pattern can be found.
In a recreation of Brandt’s chart below, the two potential Bitcoin bottoms are compared directly. In addition to the ascending triangle, there is also an Adam and Eve-like double bottom formation, and each bottom occurred along a similar trend line dating back almost a decade.
A recreation of Brandt’s comparison with another look for good measure | Source: BTCUSD on TradingView.com
Why Peter Brandt’s Crypto Comparison Holds Weight
Because of Brandt’s sometimes bold calls that go against the hive mind of crypto Twitter, the trader often gets labeled a “hater.” In reality, he regularly says Bitcoin is among the most remarkable markets he’s ever traded and was among the first to call attention to the parabola building in 2016 and 2017.
When that parabolic advance was violated in late December 2017 and early 2018, he was also the first to suggest the way down was a lot further than most were ready to accept. Brandt called for a full 80% or more retrace in the price per coin of the top cryptocurrency almost a full year before it landed at his target.
Related Reading | Peter Brandt Calls For 80%+ Bitcoin Price Decline With Chilling Accuracy
Unlike what is commonly seen throughout the crypto world, Brandt doesn’t rely on complex technical indicators, buy or sell signals, or on-chain metrics. All he uses are straight or curved lines, which often accurately represent a contained trend. When such lines are violated, a trend change often follows.
With Bitcoin breaking above the top of an ascending triangle trend line, is Brandt specifically calling attention to a trend change ahead? If so, paying closer attention to the comparison between each major crypto bottom could be critical.
Follow @TonySpilotroBTC on Twitter or join the TonyTradesBTC Telegram for exclusive daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice.
Featured image from iStockPhoto, Charts from TradingView.com
NewsBTC
American Rapper Lil Baby On Holding Bitcoin And Ethereum Over Fiat
For years now, some investors have preferred to hold their wealth in cryptocurrencies like bitcoin and ethereum as opposed to cash. As cryptocurrencies become more popular, this school of thought has become more widely shared to the point where even billionaires and celebrities have publicly come out to say that they would rather hold their wealth in digital assets rather than fiat.
One of the latest celebrities to profess their support for bitcoin and ethereum is American rapper, Lil Baby. The rapper who rose to prominence in the last couple of years has said that he would rather hold his wealth in cryptocurrencies such as bitcoin and ethereum as opposed to holding cash.
Lil Baby Wants His Money In Bitcoin And Ethereum
American rapper Lil Baby was shopping on Icebox when he was asked about where he puts his money. The rapper is known to be a regular at the luxury jeweler with a running internet joke that people will “run into Lil Baby” when they visit the jeweler.
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While shopping, the rapper expressed his displeasure with cash. When asked what he would prefer to cash, Lil Baby explained that he would rather have all of his money in bitcoin and ethereum, the top 2 cryptocurrencies currently in the space.
Pointing to the bag of cash he brought with him to purchase jewelry, he said that was the last bit of cash he had. The rapper is known to drop thousands of dollars at a time for some ‘iced out’ jewelry, which has grown to be somewhat of a status symbol among famous people.
BTC trading at K | Source: BTCUSD on TradingView.com
Lil Baby also expressed his interest in the metaverse. He told the attendant that he didn’t live in the real world, living instead in the metaverse. As for cash, he said that he wasn’t carrying any more cash, stating “I ain’t walking around with cash no more.”
Celebrities Dive Into Cryptocurrencies
Lil Baby is not the first to show support for cryptocurrencies such as bitcoin and ethereum. Some might even say he’s a little late to the game. 50 Cent made headlines in the 2017/2018 bull market when he revealed that he had found 700 bitcoins generated from album sales which were then worth millions.
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Rapper Busta Rhymes showed interest in the market last year during the peak of the Dogecoin hype. After what seemed to be a rollercoaster of a learning curve, he had finally settled on investing in bitcoin, later revealing his intention to charge bitcoin for future deals.
Hip Hop star Megan Thee Stallion teamed up in August with Cash App to educate fans on cryptocurrencies. The partnership involved video tailored towards her fanbase, as well as a million in bitcoin giveaway on the app.
Featured image from XXL Mag, chart from TradingView.com
NewsBTC
Elon Musk’s “Baby Doge” Tweet Spikes The Dogecoin Price
Elon Musk has continued his dogecoin rhetoric. The Tesla CEO Elon Musk sent the cryptocurrency world into a tizzy this weekend with tweets about the Bitcoin joke asset called Dogecoin.
Unfortunately, his tweets have now spiked the price of the Shiba Inu, another meme coin.
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His latest episode, firing up the price of Dogecoin by nearly 10 percent on July 1, began at noon on Thursday when Musk tweeted a lyric, “Baby Doge, doo, doo, doo, doo, doo.”
Baby Doge, doo, doo, doo, doo, doo,
Baby Doge, doo, doo, doo, doo, doo,
Baby Doge, doo, doo, doo, doo, doo,
Baby Doge— Elon Musk (@elonmusk) July 1, 2021
Another followed the tweet on Thursday morning after Mr. Musk tweeted an image from The Godfather, captioning the meme: “Release the Doge!”
Release the Doge! pic.twitter.com/9bXCWQLIhu
— Elon Musk (@elonmusk) July 1, 2021
As a consequence, the price of Dogecoin has yet again soared following a recent series of rhetoric from the meme-loving mogul himself – Elon Musk.
Elon Musk's tweets are indeed pushing the price to surge | Source: DOGEUSD on TradingView.com
Mr. Musk tweeted lyrics to a parody of the popular children’s song Baby Shark, replacing the words with. “Baby Doge, doo, doo….”
Latest Tweets By Elon Musk Are Less Impactive
Nonetheless, the impact of the Billionaire’s recent tweets about the lesser-known meme coin is lesser than the previous time.
Market response for Dogecoin has been only at a positive 10% increase below the last times Mr. Musk has mentioned the meme-inspired cryptocurrency on Twitter.
A sequence of Twitter posts from the SpaceX and Tesla CEO in April saw Dogecoin quadruple in price in just 24 hours, pushing it to new record highs above .40.
Dogecoin eventually peaked above .70 on May 8 when Mr. Musk referenced it several times during his appearance as the host of Saturday Night Live.
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In the first week of June last month, Dogecoin’s value rose by 15 percent in 24 hours after crashing two weeks before and remaining stagnant.
The price of Dogecoin in India had dropped significantly, but between June 1 and June 3 went from approximately Rs. 23 to about Rs. 31. Full credit was given to the tweets from the central rider himself -SpaceX CEO Elon Musk.
And that is how it has always been; his social media posts often lead to sudden spikes in the token’s price, whether Bitcoin or lesser-known ones as doge. Thus, the market response since Thursday is no surprise as well.
Dogecoin had been trading in the red but has made a quick lift into the green again, lifting as high as 7-10% – from below .24 to .2573 – following Musk’s tweets effect, according to CoinMarketCap data.
Elon Musk’s Roller Coaster Journey In Cryptocurrency Sector
Without a doubt, Musk has become one of the biggest drivers of the cryptocurrency markets in 2021. He rises and falls the Bitcoin price whenever he wishes, as seen when he recently affected the sharp fall in the value of Bitcoin, which it still suffers till now.
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This happened a few months back when he stopped the payments for Tesla electric cars in the token and attacked its energy use.
Dogecoin Lover
On the flip side, the tech guru has long been a supporter of Dogecoin; a joke token started in 2013. Lately, he has been making known his work with developers to try to improve its efficiency, and of course, take the coin alongside humans to the “moon”.
Featured image from Pixabay, chart from TradingView.com
Nestle, Carrefour Extend Blockchain Tracking Effort to Baby Milk
Nestle and Carrefour are using IBM’s Food Trust blockchain platform to track organic baby milk products from dairy to shelf.
CryptScout #BitFeed RSS – Bitcoin and Cryptocurrency News 24/7
Bitcoin Advocate Plans to Launch Designer Baby Business
A computer programmer and Bitcoin investor is reportedly exploring the possibilities of improving humans by way of technology. The transhumanist, Bryan Bishop, has created a business plan for the venture with partner, Max Berry.
Bishop is hoping to offer parents the ability to create babies with AB+ blood so that they can receive transfusions from any donor, as well as genes to help them live longer and create muscle mass without exercise.
Bishop May Have the Resources to Fund Designer Baby Business From Bitcoin
According to a report in the MIT’s Technology Review, a former LedgerX employee and Bitcoin code contributor is attempting to launch a business that would allow parents to choose physical attributes for their offspring before they’re born.
The 29-year-old Bryan Bishop is not the first scientist to pursue such ends. In November, a biophysicist from China announced that he had successfully edited the genes of babies in the lab. This could land the scientist in immense legal trouble with authorities in the nation and he has been subject to a severe backlash from members of the scientific and ethics communities.
Bishop plans to take a different path towards the perfect human than his Chinese counterpart. Instead of tampering with an egg at the point of fertilisation, he instead wants to edit the genes of the would-be fathers’ testicles.
Bishop calls himself a DIY biohacker and he has spent thousands on advancing the transhumanist cause. The amateur scientist and computer coder has even created a business plan for his venture with partner Max Berry. This was leaked by a concerned, anonymous whistle blower who contacted the author of the Technology Review piece to express his doubts over the scheme.
The plan states that the business will be created in two phases. The first will require funding of between .5 million and million. This will involve setting up a lab on a small scale and performing tests on 12 dogs. The plan is to “prove [the] technology in animals, then move into human testing.” Bishop and Berry believe that this initial phase will cover between 100 and 1,000 births.
![](https://www.newsbtc.com/wp-content/uploads/2019/02/bitcoin-crypto-baby.jpg)
Would you edit your unborn child’s genetic makeup if you could?
The second phase of the business plan will require funding in the range of million to million. Here, the goal will be further testing, as well as expanding the number of clinics working on the idea, and marketing it. During this phase, the two scientists expect to have helped to create tens of thousands of so-called designer babies.
The slides from the business plan state that the following modifications will be available: the ability to add muscle without weightlifting, increased longevity, and providing babies with the AB+ blood type to make them able to accept a transfusion off any donor.
Many in the scientific community have called the Bitcoin advocate’s plans absurd. Samuel Sternberg of Colombia University speculated that Bishop’s ideas could be little more than an attention grab through provocation:
“My general reaction is wondering whether to even take it seriously.”
Meanwhile, George Church, a respected geneticist who Bishop wants to work with to further his ideas, stated that he declined an advisory role with the cryptocurrency code contributor. He did tell Bishop to seek approval from the FDA and advised him to get sound ethics advice before proceeding. He justified his help to the transhumanist by saying:
“I give advice to just about anybody, especially if I think they need it.”
One thing highlighted as concerning by the Technology Review author was that Bishop has a lot more resources than many of his peers. In such a grey area ethically, government funding is unheard of. However, Bishop is a gifted programmer who, according to his agent, earns over 0 an hour for his services.
The cryptocurrency proponent also claims to have “made and lost millions” on digital currency. Since the figure of gains and losses of the volatile digital asset is unknown, he could still be sitting on a tidy profit. Whilst hardly conclusive evidence, the fact that he continues to pay for lab time at a facility testing on mice in the Ukraine using Bitcoin may indeed indicate that he commands even greater resources than his exceptionally well-paid freelancing gigs could provide thanks to Bitcoin’s rapid price rise over the years.
Not all members of the scientific community disagree with Bishop, however. Futurist, Anders Sandberg, stated the following of the current effort towards genetically modified babies:
“I am outspoken saying enhancement could be a good thing, and it’s a valid medical goal.”
He went on to say that he was not sure that Bishop’s background in computer science was going to help or hinder his plans:
“Everything looks like code. It’s just letters—how hard can it be? But most biologists know that those poor guys—they are going to discover it is not so easy.”
For now, we will have to wait and see if Bishop is able to make good on his plans to help parents create their ideal offspring. NewsBTC will bring you more on this story if or when it develops.
Related Reading: Crypto Startup LedgerX Eyes Ethereum Options, Awaiting CFTC Approval
Featured Images from Shutterstock.
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