# III- Babyshiba: the babydoge killer.

Despite the fact that Shiba Inu is achieving what no other meme coin has ever dared to accomplish, we are compelled to recognize that the first dog-themed coin that sparked the memecoin movement was Dogecoin. <mark style="background-color:red;">Dogecoin, inspired by the famous Doge meme, was a true phenomenon that altered the landscape of cryptocurrency indefinitely.</mark> However, even though it has been integrated into many use cases, Dogecoin remains a meme coin with less ambition than Shiba Inu.\
\ <mark style="background-color:red;">Inspired by the success of Doge, BabyDoge was launched in early June 2021.</mark> Little is known about the creators of BabyDoge. What we do know is that it's a centralized memecoin with high taxes, periodically allocating funds to organizations that aid domestic animals.

<figure><img src="https://694721595-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FHmd6Qw9hBZYQPcgvU0oG%2Fuploads%2FFx71MIfnLiYv9CJeMarz%2Fphoto_2023-08-11_17-54-45%20(2).jpg?alt=media&#x26;token=4c7734d5-7675-423b-bd6d-80c9eb4c9cca" alt=""><figcaption></figcaption></figure>

The Baby Doge coin gained popularity after being mentioned in a tweet by Elon Musk, the CEO of Tesla and SpaceX, on July 1, 2021. Musk tweeted, "Baby Doge, doo, doo, doo, doo, doo," referencing the well-known children’s song, Baby Shark. As a result, the price of the Baby Doge coin skyrocketed.

But what has transpired since then? <mark style="background-color:red;">BabyDoge is no longer at its peak and its momentum continues to wane daily.</mark> Despite its prior significance, BabyDoge now seems like any other memecoin which, after a while, begins to experience dwindling community engagement, volume and market cap. It's time for old players to make way for the new ones.

<figure><img src="https://694721595-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FHmd6Qw9hBZYQPcgvU0oG%2Fuploads%2FUPERZuWmrjzKdoQ4qiOT%2Fphoto_2023-08-11_20-14-11.jpg?alt=media&#x26;token=a487e7ae-d155-43e5-9d48-4e9da70c6fc5" alt=""><figcaption></figcaption></figure>

<mark style="background-color:red;">BabyShiba is primed to take the lead. We refuse to let this memecoin become the standard bearer for baby tokens.</mark> Unlike others, we are part of an ecosystem that will alter the landscape of cryptocurrency permanently. Moreover, we embrace the legacy of a man, Ryoshi, who has become a legend in the world of blockchain. In addition, we are decentralized and community-driven. Our tax rate is a nominal 1%, and will be utilized for the greater good of the BabyShibArmy.\
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We possess all the essentials to rank among the top meme coins worldwide. However, this accomplishment will not be attributable to an individual or a private group. Rather, it will be a victory for our community - the BabyShibArmy.
