Baby Doge to Launch in solana, Bridges ETH and BNB
Baby Doge, a dog-themed cryptocurrency inspired by dogecoin, has once again attracted attention in the cryptocurrency world. After the token recently relinquished its ownership of Ethereum and BNB Chain, the coin has now cleared the waters to expand its ventures to Solana.
A recent post on X marked the official acceptance of the meme coin’s offer to distribute the BabyDoge token on the Solana network. This paves the way for the next developmental upgrade phase for the successful deployment of the meme coin on one of the most famous blockchains.
BabyDoge Will Be Used in Solana: Here’s Everything
According to a post shared by the meme coin community today, June 8, the proposal on snapshot.org has been officially accepted and the odds are heavily tilting in its favor. Notably, 100% of community members, or 2668 trillion, voted ‘yes’.
The next phase in development is research, followed by development, testing and deployment phases. This ensures seamless migration of the Solana-compatible BabyDoge token smart contract on the planned network after full testing. Simultaneously, token bridges will also be available, launching bridges between ETH, BNB Chain and Solana.
Why Solana?
Today’s post also sheds light on the strategic decision to expand Solana. Compared to Ethereum, Solana offers more cost-effective transactions, making it a more attractive option. Additionally, not all tier 1 centralized exchanges support BNB Chain, further strengthening Solana’s appeal. These factors played a pivotal role in the decision to expand Baby Doge in Solana.
After the successful deployment of BabyDoge on the network, the transaction speed is expected to be 65,000+ TPS. Fees will also be reduced to $0.00025 per transaction.
These factors seem to have given the crypto community great incentive to accept the proposal. However, BabyDoge’s price dropped at the time of writing, fueling speculation despite the optimistic development.
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BabyDoge Price Drops
As of this writing, BabyDoge’s price has dropped 8% in the last 24 hours and is currently trading at $0.000000001814. The token’s 24-hour lows and highs are $0.000000001814 and $0.000000001975 respectively.
The falling price action is primarily in line with the crypto market’s current declining price trend. As the market recovers, a potential price rally could begin for the meme coin.
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