A meme coin called baby doge worth this risk?

[cheezcarls]

I can't mine ETH or any other coins right now but I do find a way that might look good but bad to many, I can mine a meme coin called Baby Doge, I can get 609,000,000 of this token per day but that's because the max supply of the project is enormous, what do you think about Baby Doge, some time back there are a lot of noise about this project, any believer here?

No disrespect though, but I am not a fan of memecoins. Even the "almighty" memecoin known as DOGE doesn't have real use cases and fundamentals as it is only just for "fun" coin and was just being hyped by Elon Musk and Mark Cuban that time when DOGE got up to almost $0.80 I think.

Sorry but I am not a believer of any memecoin because it's just hype. Any new memecoin will just only pump short term before we see a long term dump until it's technically "dead".

[Cuda911]

Graphics cards have not become cheaper yet even while mining isn't profitable anymore, my advice will be to sell your graphic cards fast before miners offload their graphic cards into the market, use that money to buy coins right now or go for Asic miner and focus on Bitcoin mining of Dogecoin mining.

[zaki12]

I can't mine ETH or any other coins right now but I do find a way that might look good but bad to many, I can mine a meme coin called Baby Doge, I can get 609,000,000 of this token per day but that's because the max supply of the project is enormous, what do you think about Baby Doge, some time back there are a lot of noise about this project, any believer here?

No disrespect though, but I am not a fan of memecoins. Even the "almighty" memecoin known as DOGE doesn't have real use cases and fundamentals as it is only just for "fun" coin and was just being hyped by Elon Musk and Mark Cuban that time when DOGE got up to almost $0.80 I think.

Sorry but I am not a believer of any memecoin because it's just hype. Any new memecoin will just only pump short term before we see a long term dump until it's technically "dead".

yes I also agree with you, Meme Coin is often seen as a joke. although some investors believe that these coins can be a gold mine for them. most Meme Coins are just made for hype. Some Meme Coins become popular because they highlight things that are going viral or are promoted by famous artists. This is why the value of these coins can soar quickly even though the fundamentals are quite fragile.

[ScamViruS]

in my opinion the best meme coin is dogecoin, but many imitate the name dogecoin to get sympathy from the crypto community and the dogecoin community, but it seems not many are interested in this project

Everything Dogecoin did in the market was due to hype created by Elon Musk. It's becoming difficult for solid projects to survive in the market, and meme coins like dogecoin don't seem to be given much importance by the crypto community. So jumping into this coin during a bad market situation would not be a good decision, because like other coins during bull market, this coin was pumped only because of hype and nothing else.

[evichi]

Currently, hype on meme coins have reduced perhaps due to the bear market. However, as at July, last year Baby Doge received a lot of attention due to Elon Musk's tweet (https://www.fxempire.com/forecasts/article/elon-musk-thrusts-baby-doge-into-the-spotlight-meme-coin-soars-748323) as well as CZ's (https://finance.yahoo.com/news/binance-cz-gives-baby-doge-122359392.html). IMO, Baby Doge Coin could be a potential repeat of what played out with Doge Coin in the future. Apart from playing into a possible hype of Baby Doge Coin, I don't see any other potential in the coin unless the team develops the Coin to have more use cases in the future. I suggest holders to still hold the coin, it may explode in the future as these prominent men, Elon and CZ, have talked about the coin in the past.

[Xal0lex]

I can't mine ETH or any other coins right now but I do find a way that might look good but bad to many, I can mine a meme coin called Baby Doge, I can get 609,000,000 of this token per day but that's because the max supply of the project is enormous, what do you think about Baby Doge, some time back there are a lot of noise about this project, any believer here?

If you think that the number of coins generated per day is considered some kind of good sign, that's not really true. Projects with a large circulating supply are the hardest to grow unless they have some kind of additional support from influencers or large holders. These coins are highly inflationary, so there isn't much value in having a lot of them. It's more of a psychological factor than an economic one. There are times when some investors choose to PoS mine coins that are the cheapest. They think there will be more rewards that way, but they don't consider other factors where that cheapness starts to cost them a lot and they lose money.

[samcrypto]

I think if the trend of meme coin is already fading, I see no real valid reasoning as to why you should invest in meme coins anymore, these coins are nothing more than clone of the existing coins like shib but with less community and innovation, I think you should just leave meme coins right now, there's smaller potential in it meaning smaller chance of you making tremendous returns like it was in the past, after all these clones of shib could hardly ever achieve the same feat in the long term.

Probably he is thinking for an easy profit just like what happened on many meme tokens before, well that was before and I agree that there is no hype anymore. Why buy meme token if they have no real usage in the market? This is not worth it and I suggest to OP to think again before buying. On this bear market we should only buy good coins, they are the one who can survive in bear market and still give you profit. Think and analyze properly before you investment, hype is not good at all.

[Mame89]

I can't mine ETH or any other coins right now but I do find a way that might look good but bad to many, I can mine a meme coin called Baby Doge, I can get 609,000,000 of this token per day but that's because the max supply of the project is enormous, what do you think about Baby Doge, some time back there are a lot of noise about this project, any believer here?

To my knowledge Baby Doge can't be mined, because it's a token from the BSC blockchain. So far, the Baby Doge tokens have been burned to reduce the amount of supply circulation. And the number you mention is also very high, I think within one year the tokens that must be issued to you will reach 222 billion tokens. What if there are more than 100 people mining tokens in a year?

right, baby doge can't be mined I think he misinterpreted the concept that happened in the baby doge project. every buying and selling transaction there will be a certain percentage of token burning. this usually happens in the meme project concept, this strategy is very profitable for the founders every transaction fee goes into their wallet from slipage settings

[bittick]

every meme coin will just lost its value in the upcoming year for the simple reason that the trend has faded, better investing in other coin, since meme coin itself that's good is already valued quite high.
if you think you wanna invest in meme coin invest in doge instead, at least it's the ones that could survive many corrections, the other coin like this one you mentioned have higher chance of just losing its value.