When it comes to cryptocurrencies, you will find that there are many new ones that pop up each and every day. Baby Musk is the latest meme coin in the crypto world. There has been a lot of hype surrounding this coin as people have been talking about it for quite some time now. But will it be as popular as the Shiba Inu? Let’s look at the details.
Is Baby Musk Coin the New $SHIB?
The Shiba Inu ($SHIB) is one of the most popular meme coins with a huge community. Launched in August 2020, the coin joined the top 10 cryptos by market cap in October 2021.
An important factor influencing both the rise in value and popularity of the Shiba Inu is a tweet by Elon Musk about the Shiba Inu dog. In addition, listing on widely adopted exchanges has been another important factor for Shiba Inu’s success.
Launched in January 2022, Baby Musk is the latest crypto in the line of meme coins. Ever since the coin has been the talk of the crypto community. However, the question is, can it really be the next $SHIB?
According to its website, one of the main goals of the Baby Musk project is to catch Elon's attention so that he will join the project. The coin is created as a tribute to Musk and the team has even released a cute tribute song to entice Mr Musk to support the project.
Without a doubt, if the Baby Musk coin has succeeded in gaining Elon Musk's support, it could be the next $SHIB. The truth is only time can tell whether the Baby Musk coin can really succeed. So, let's wait and watch.
Read More: Top Metaverse Coins: What Are The Best Metaverse Crypto Coins To Invest In?
Baby Musk VS Shiba Inu
As we mentioned earlier, both the Shiba Inu and the Baby Musk are meme coins. So, which coin is the better meme coin?
Although the coin isn't yet available for purchase by the public, let’s compare them with the information we have. For those who are curious, the coin will launch on Pancakeswap on Jan 23rd. So, if you are looking forward to buy the coin, here is a simple how-to guide.
According to CoinMarketCap, the Shiba Inu price is $$0.000028 USD with a 24-hour trading volume of $314,890,573 USD. The coin is up 1.86% in the last 24 hours. Moreover, the current CoinMarketCap ranking is #14, with a live market cap of $15,296,764,252 USD. Furthermore, it has a circulating supply of 549 trillion SHIB coins.
The Baby Musk coin has been listed on CoinMarketCap recently only. Since the coin hasn't been officially launched to the public, CoinMarketCap doesn't have information about its price and trading volume.
According to the information on its official website, the coin has a maximum supply of 420 quadrillion coins and it is priced at $0.000000000012 USD. A notable feature of the coin is that the holders get a % reward in BTC for each transaction.
Apparently, Shiba Inu has a higher price and market cap compared to Baby Musk. However, since Baby Musk is relatively new, it's unfair to compare it with a well-established coin. The Baby Musk project looks promising and has potential but we need to see it in action before we can make an educated decision.
For more articles like this, take a look at our Crypto page.