An advertisement by Twitter CEO Jack Dorsey has seen the quality of joke cryptocurrency Hamstercoin climb sharply to challenge Dogecoin.
In a tweet delivered on Wednesday, Mr. Dorsey implied Hamstercoin is better than both Ether and Elon Musk’s cryptocurrency Dogecoin.
His tweet was a reply to a tweet saying that the biggest threat to Ethereum is Dogecoin.
Since the tweet, Poocoin records that the HAM rose by nearly 252 percent from its 24-hour low of $0.0000000002463 to a high of $0.0000000008669 and stands at $0.0000000009381 at the time of this writing.
These comments come after Tesla CEO Elon Musk tweeted that Ethereum creator Vitalik Buterin was afraid of the meme token, Dogecoin (DOGE). The tweet has since been deleted.
The Hamster token was launched on Binance Smart Chain and powered by Binance Coin, with goals to provide traders with financial freedom and help them avoid unfavorable market fluctuations.
Meanwhile, Elon Musk has thrown his support behind another token from the Dogecoin community, called Baby Doge.
However, what is Baby Doge? How is it different from the primary doggy cryptocurrency, Dogecoin?
Baby Doge splits much of the comparison with Dogecoin but has nothing to do with it on a technical level—it’s not a by-product in that sense. Instead, Dogecoin is a cryptocurrency on its blockchain network. Baby Doge is a digital token that runs on top of another blockchain’s infrastructure.
The tweet from Mr. Musk caused the price of the coin, trading as BABYDOGE, to rise.
According to the Coinmarketcap website, “Baby Doge Coin has learned a few new tricks and lessons from his meme father, Doge… Baby Doge attempts to fascinate his father by presenting his new and enhanced transaction speeds and adorableness.”
In a cuteness comparison, Baby Doge developers claim the token scores 9,000, while Dogecoin comes in at 5,000, and Shiba Inu rates… 100. The way things are going, maybe that’s the only crypto metric that matters these days.
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