Hey, everyone we're going to be learning about a new meme coin called baby. Doge. Just heard about this on the weekend. We were busy with the million mm token. So I thought then in this video, we could learn a little about this coin. Quick, look at the charts. And then we can see if you do decide to buy how you would do it.
This would be my first time. I would just be buying this for tutorial purposes. And this doesn't reflect my choice for investing. So what I'm saying is disclaimer, this is not. Financial advice, but this coin was tweeted by Elon Musk. So we've got to pay attention anytime Elon does do anything related to cryptocurrency. We can even just google here all right so there's.
The July first, tweet, when Elon tweeted about this July 1st and uh, let's, just take a look at the price action. If we can find the exact time that he tweeted about it, not sure if we can okay 2, 24, am Elon sleeps in weird hours. Ok. So, yes, here's a little information about it.
You can buy it on pancake swap it. Says, you need to set the slippage to 12 it's got all these social media channels, Reddit, telegram, Instagram, we can view the chart which we will now from what I've read. This Dogecoin is a little different in that. You get a penalty anytime you try to sell off your coins. So it encourages you to hold. And so five percent of every transaction is added to liquidity. And another five percent is redistributed to the holders here's, a nice chart, comparing the three different doge coins, or the doge family.
So we've got baby doge at 0.5 billion Dogecoin, 25 billion Shiba Inu at three billion. Okay, uh block time, minus five seconds, shine you being 10 to 15 seconds. I didn't know you could have minus five seconds, but it looks like she will, it looks like baby. DOJ is the fastest. And yeah, this is only 22 days old, very, very young, staking awards, five percent, and then they're trying to use some humor here with the cuteness level. And yeah, you can take a look at this coin over at baby doge at babydogecoin.com.
Let's look at the chart, this is on coin gecko. So if you're not sure, if you don't trust the website, you can always copy the address this hexadecimal address, and I'm just going to put up a notepad here, I'm going to paste this on my notepad. We may need this later we do have our coin gecko. So these exchanges are these are sites that lists the charts and all the stats of a coin. You can copy it here. And you can bring up your notepad let's just paste this.
And we can see the two addresses are the. Same okay, so now we can trust it let's. Look at some stats here. Market cap question, mark, uh, let's, look at circulating supply. Wow, what is this number there? How many zeros here 3 6, 9 12, 15 0's, 3, 6, 9 12, 15 0's before 420.
So someone definitely has a sense of humor. And this is just a ginormous number here. So it is does have a maximum supply, but it's a huge amount fixed supplies are easier to deal with and um it's pegged to the US dollar it's nice to have a conversion chart here. So with one us dollar.
You can buy gee how many here one two, three, four, fives, one, two, three, four, five, six, seven so is that two million 21 million it's hard to read this is that 214 million one two, three, four, five, six. So one dollar, you can get 214 million tokens. And we can see here over 14 days, it's gone up 514 percent over the week, 284, and it's down over the past 24 hours it's down over the past two percent. So let's, look at Elon, musk's, tweet July, first, 224. Assuming this is coin geckos at the same time. July 1st that. Is interesting July, 1st, 224, the spike wasn't until the 4th so a bit of a delay there.
So I mean, this looks pretty speculative could be high risk there's, a trading volume of 60 million so very active and let's, just figure out how we can buy now. So click here brings us to the pancake swap so for pancake, swap you need to have a hot wallet. So I have what we call a trust wallet.
So this is an app you can sign up for it. You'll need to set up a recovery phrase, set a password and all of that stuff. And. You'll probably need to fund it with Ethereum BNB or the finance smart chain, let's see. This is my first time so let's see how this goes. So the pancake swap is separate from uniswap.
So first thing we're going to do is we're going to import those tokens. So this is bep20 all. So we can see all the coins we can trade for this. Baby doge is the name of the coin let's connect to our wallet. Do I think we need to send BNB on the smart chain? Let's, try this sends max is only two 2.92. Okay, network three.
Network fee of three cents because it's easy for me to convert more BNB to the smart chain, rather than doing it in metamask. Okay, there it's already arrived. So we have some BNB. And now let's try to go back to pancake. Swap let's, try to buy some baby doge with our BMB, not all of it point. Zero. Zero, seven point.
Zero. Zero. One, how much is that thirty? One cent all right? Okay? Point. Zero.
Zero, four, how much is that dollar? Twenty-six let's, try price updated gas fee, five, gray. Add baby doge to metamask. Add token. All right we now have some baby doge you.