Following the hype surrounding dogecoin, shiba inu, after which child doge, one other token referred to as daddy doge (DADDYDOGE) has been gathering steam. The coin noticed some curiosity after Elon Musk mentioned the phrases “daddy doge” in a video of Tesla’s CEO being escorted to a automotive. Moreover, the builders of the Daddy Doge undertaking declare the coin would be the first of the Doge household of cryptocurrencies to be despatched to area. Over the last seven days of buying and selling, daddy doge has gathered 57.6% in good points.
One other Doge-Like Token Claims To Be ‘the Head of the Household,’ Turns into the thirtieth Shiba Inu Knockoff Coin
Simply if you thought there couldn’t presumably be one other dogecoin-related crypto asset, one other token referred to as daddy doge (DADDYDOGE) has entered the pack of competing canine property. In actual fact, daddy doge joins the pet mill of cash or the 30 meme crypto property that leverage both the title “doge” or the “shiba inu” breed.
Seven-day statistics present a variety of doge-related meme tokens have seen double-digit good points. Daddy doge is one other Binance Good Chain (BSC) token and the contract address exhibits there’s roughly 1 quadrillion DADDYDOGE. The quantity of distinctive addresses that maintain daddy doge as we speak has risen exponentially and instructions 37,643 addresses on August 4.
— DaddyDOGE (@DaddyDOGEtoken) August 3, 2021
The coin has a website that explains that the Daddy Doge undertaking is “the top of the household.” Just like baby doge (BABYDOGE), the so-called head of the household can be a deflationary crypto asset. DADDYDOGE additionally has a white paper that particulars how the undertaking “takes a 9% tax from every purchase and promote.”
“This tax acts to learn the undertaking as a complete by placing 3% within the liquidity pool for a secure worth flooring,” the white paper says. “3% [is] proportionally mirrored again to all holders of a daddy doge token and three% added to a advertising and marketing/dev pockets to guarantee that the undertaking is in a position to achieve the long run.”
Elon Musk Says ‘Daddy Doge’ in a Video, BSC Token Surges
The rationale the Daddy Doge undertaking has gained consideration over the past two weeks is due to a video that went viral on Twitter. The video is a brief clip of Elon Musk leaving a court docket case involving the acquisition of Solarcity. A lot of followers could be heard yelling at Musk asking him to say “Daddy Doge.” When somebody requested Musk a query, he merely mentioned “Daddy Doge” earlier than coming into his Tesla car.
Since then, the coin has seen some market traction, similar to child doge (BABYDOGE) did when Musk said the coin’s name in a tweet just a few weeks in the past on July 1. Market data exhibits through the previous 24 hours DADDYDOGE is up over 13%, 57.6% for the week, and 72.3% over the past two weeks. Identical to a number of the different dogecoin (DOGE) knockoffs, the daddy doge token trades for means lower than a U.S. penny at $0.000000030619 per unit. On the time of writing, 24-hour stats present DADDYDOGE commerce quantity is round $4.3 million.
On the present worth and with one quadrillion tokens in circulation, the market capitalization of daddy doge is round $30 million on Wednesday morning. The undertaking’s Twitter account has 25.5K followers whereas the undertaking’s Telegram channel has round 28.7K subscribers.
Allegedly Daddy Doge Is Headed to House
The undertaking’s Reddit page is extraordinarily lackluster with solely seven subscribers. Just like the Child Doge undertaking, the staff behind the Daddy Doge protocol has made a number of guarantees. A recent Youtube video of future plans for the Daddy Doge undertaking claims the builders are within the midst of “quite a few partnerships, influencers, and advertising and marketing initiatives.”
It is official, Daddy Doge goes to area! #DaddyDoge
— DaddyDOGE (@DaddyDOGEtoken) August 2, 2021
There’s additionally a declare that the staff plans to ship a daddy doge (DADDYDOGE) token to area. The video and a variety of folks within the Telegram channel and the undertaking’s Twitter account have been alluding to this purported occasion. “We’re sending daddy doge into area with a 360-degree digicam,” Tyler, an admin of the staff’s Telegram channel mentioned within the chat. The Youtube video additionally makes this assertion and claims the staff is working with a well-known firm.
“They are going to be making a customized RIG and high-end DADDY DOGE Mascot to be shot up in House,” the video says. “This rig will embody a viewscreen in addition to a 360-degree digicam to seize the whole course of. Daddy Doge will likely be IN SPACE. We’re getting stay footage of Daddy Doge in area with EARTH within the background.”
Reportedly the token staff plans to have an ask-me-anything (AMA) whereas streaming the occasion. It’s arduous to say what the occasion will particularly entail in addition to the extraordinarily imprecise particulars within the video, the Telegram channel feedback, and tweets concerning the topic. The Child Doge staff engaged in related advertising and marketing techniques when the undertaking linked up with a NASCAR driver and some pet charities.
Baby doge (BABYDOGE), however, hasn’t had a spectacular week like daddy doge, because the token is down 12.5% over the past week. Regardless of being down 2-3% over the past seven days, dogecoin (DOGE) and shiba inu (SHIB) are nonetheless the highest doge-related meme tokens in existence.
What do you consider the Daddy Doge undertaking and the claims a token will likely be shot into area? Tell us what you consider this topic within the feedback part beneath.
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