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 automobile. 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 house. 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 once 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 belongings. In actual fact, daddy doge joins the pet mill of cash or the 30 meme crypto belongings that leverage both the identify “doge” or the “shiba inu” breed.
Seven-day statistics present various 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 at this time has risen exponentially and instructions 37,643 addresses on August 4.
A greater have a look at our billboard in Occasions Sq. on the @Nasdaq tower! These colors!! #DaddyDoge pic.twitter.com/1irNGvzJ2W
— 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 an entire 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/dev pockets to ensure that the undertaking is in a position to reach the long run.”
Elon Musk Says ‘Daddy Doge’ in a Video, BSC Token Surges
The rationale the Daddy Doge undertaking has gained consideration during the last 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. Numerous followers may be heard yelling at Musk asking him to say “Daddy Doge.” When somebody requested Musk a query, he merely mentioned “Daddy Doge” earlier than getting into his Tesla car.
Since then, the coin has seen some market traction, identical to child doge (BABYDOGE) did when Musk said the coin’s name in a tweet a couple of 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 last two weeks. Identical to a number of the different dogecoin (DOGE) knockoffs, the daddy doge token trades for method 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 group behind the Daddy Doge protocol has made a variety 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 initiatives.”
It is official, Daddy Doge goes to house! #DaddyDoge
— DaddyDOGE (@DaddyDOGEtoken) August 2, 2021
There’s additionally a declare that the group plans to ship a daddy doge (DADDYDOGE) token to house. The video and various individuals within the Telegram channel and the undertaking’s Twitter account have been alluding to this purported occasion. “We’re sending daddy doge into house with a 360-degree digicam,” Tyler, an admin of the group’s Telegram channel mentioned within the chat. The Youtube video additionally makes this assertion and claims the group 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 probably be IN SPACE. We’re getting reside footage of Daddy Doge in house with EARTH within the background.”
Reportedly the token group plans to have an ask-me-anything (AMA) whereas streaming the occasion. It’s laborious to say what the occasion will particularly entail moreover the extraordinarily obscure particulars within the video, the Telegram channel feedback, and tweets concerning the topic. The Child Doge group engaged in related advertising ways when the undertaking linked up with a NASCAR driver and some pet charities.
Baby doge (BABYDOGE), then again, hasn’t had a spectacular week like daddy doge, because the token is down 12.5% over the last week. Regardless of being down 2-3% during the last 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 probably be shot into house? Tell us what you consider this topic within the feedback part beneath.
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