Throughout the following sections, you’ll discover what Baby Shiba Inu is all about. We’ll look closer at the project, its team, its community, and, primarily, the Baby Shiba Inu coin: BABYSHIB. After all, the latter is at the front and center of this new meme coin crypto project. While focusing on the BABYSHIB token, we’ll also look at its tokenomics. However, since there’s nothing else to do with this meme coin other than to HODL or trade it, we’ll devote most of our attention to the token’s price. Consequently, you’ll find out what price levels the BABYSHIB token has covered so far!
When it comes to deciding whether or not $BABYSHIB is a good investment and if/when you should buy it, you need to use tools providing the most accurate and useful on-chain insights. And Moralis Money is the go-to tool for this, as it provides you with the most accurate on-chain, real-time data. After all, it is the go-to platform for researching tokens!
Nonetheless, we’ll also answer the questions, “Where to buy the Baby Shiba Inu coin?” and “How to buy Baby Shiba Inu?”.
What is Baby Shiba Inu? Exploring Baby Shiba Inu Project
The Baby Shiba Inu crypto project, also known as Babyshiba, is a meme coin project that went live in mid-August 2023. As the project’s name suggests, it is all about paying tribute to the well-known Shiba Inu (SHIB) crypto project. SHIB is one of the two leading meme coins, with a current market cap of well above four billion USD.
The Baby Shiba Inu project’s official website and whitepaper (“Shibpaper”) quickly mention the origin of SHIB. Thus, they both stress the importance of decentralization and show nothing but respect for Ryoshi, Shiba Inu’s creator, and the entire Shiba Inu community.
Furthermore, this “baby” project constantly points out that it intends to help Shiba Inu fulfill its destiny to become “the leading meme coin”. However, it doesn’t offer any concrete plans on how exactly it plans to achieve that.
So, while the project’s whitepaper is quite extensive, it is not at all concrete, something quite typical for meme coin projects.
All in all, these are the core aspects that Shibpaper covers:
- Decentralization is extremely important, and there should be no central authority when it comes to financial mechanisms.
- Babyshiba positions itself as the heir of Ryoshi’s vision.
- Creators behind the project see the launch of Shiba Inu’s native network – Shibarium – as a pivotal moment.
- One of Babyshib’s goals is to become the “BabyDoge killer” – meaning, they wish to overcome the BabyDoge coin’s market cap.
- The Babyshib creators want to establish a strong community called “BabyShibArmy”.
- In order to achieve the project’s full potential, the creators of Babyshib plan to focus on strong marketing efforts.
If you wish to explore Shibpaper, visit the project’s official website, scroll down a bit, and click on the “W” icon:
There is obviously at least one person behind the Babyshiba project. After all, someone had to create the project’s official website, Shibpaper, and the project’s socials. However, this person, or people, are maintaining their anonymity.
Plus, just like Ryoshi, they claim their vision for the BABYSHIB token is that there should be no central authority. Thus, we can say that the Babyshiba community will eventually be the “team” working on this project.
Baby Shiba Inu Community
Judging by the number of followers of the @babyshiberc X (formerly Twitter) profile, the community of this project is growing fast. After all, the project’s token has been live for just over two weeks.
So, one way to interact with the Babyshiba community is to follow the above X profile. However, an even better way to get involved is by joining the @babyshiberc portal via Telegram:
To access these outlets, visit the project’s official website, scroll down a bit, and use the respective icons:
The project doesn’t offer any roadmap. After all, the BABYSHIB token is live and in the hands of its community. Plus, there are no use cases or any other specific aspects that the project should be working towards.
However, judging by the Shibpaper, there will be certain marketing efforts to achieve the project’s aim of flipping the BabyDoge token by market cap.
What is the BABYSHIB Token?
The BABYSHIB token is the Babyshiba crypto project’s native cryptocurrency. It is a meme coin that pays tribute to the SHIB token, which has been around since the summer of 2020.
BABYSHIB lives on the Ethereum blockchain as an ERC-20 token. This means it is a fungible cryptocurrency that can be stored in any Ethereum-compatible Web3 wallet (e.g., MetaMask). Additionally, the token’s creators minted BABYSHIB on August 16, 2023.
Baby Shiba Inu Coin Tokenomics
- Project name: Baby Shiba Inu
- Token symbol/ticker: BABYSHIB or $BABYSHIB
- Network: Ethereum
- Token type: ERC-20
- Minted on: August 16, 2023, at 08:28 PM (+UTC)
- Token smart contract address: 0x00000000051b48047be6dc0ada6de5c3de86a588
- Buy tax: 1%
- Sell tax: 1%
- Total supply: 420,000,000 $BABYSHIB
- Liquidity burned
- Smart contract renounced
- Token allocation:
- 90% of the total supply went to Uniswap’s liquidity pool
- 10% of the total supply is reserved for CEXs (locked and vested)
Baby Shiba Inu (BABYSHIB) Price Analysis
Since the Baby Shiba Inu coin went live on August 16, 2023, it hasn’t been trading long enough to provide us with much price data. Still, by focusing on lower timeframes, we can get a rather clear picture of where the asset’s price has been up until this point.
So, let’s take a closer look at the BABYSHIB token’s four-hour price chart:
Looking at the above image, you can see that the Baby Shiba Inu coin already had quite a run and is currently developing more significant support around the $0.0072 region.
BABYSHIB’s listing price was $0.00001466; however, the token didn’t stay that low for long. After all, it reached as high as $0.002-ish within the first four hours of trading. Following that initial 100x-plus pump, the asset retraced more than 60%. But it managed to find local support at $0.0011-ish. From there, it went on to set a new high at $0.003492 on August 17, 2023.
Afterward, the BABYSHIB token revisited the aforementioned $0.0011-ish region. The latter served as a spring that pushed the asset into another 700% run that peaked on August 21, 2023, at $0.01-ish.
Next came a 75% pullback, which bottomed out at the $0.0032-ish level. This retracement was a decent opportunity for many traders to get their bag of $BABYSHIB. And many Moralis Money Starter and Pro users took action. After all, not only did they know where to buy the Baby Shiba Inu coin and how to buy Baby Shiba Inu, but they also knew what the token’s on-chain momentum was like.
Traders who bought BABYSHIB at that point were in for a treat. After all, the token’s price pulled off another 10x-plus rally.
Double Top Formation, Pullback, and Consolidation
In just 36 hours, the Baby Shiba Inu coin price went from $0.002463 to $0.03419, but with a four-hour candle closure at $0.021-ish. Next, the chart drew a descending triangle pattern, which broke to the upside on August 26, 2023. That breakout resulted in new highs from a “candle-closure” perspective; however, the price never managed to cross the $0.03419 level, which remains the token’s ATH (all-time high) for now.
That second peak formed a double top pattern on the four-hour chart, which played out nicely:
The BABYSHIB price reached the target of that pattern on August 29, 2023, and then found new local support at $0.008-ish. Before that low, the asset had a relief rally that reached the previous support at $0.016-ish, which turned into resistance.
Following that bounce’s top, the price of the Baby Shiba Inu coin retested the $0.008-ish level. Then, it has been ranging between that level to the downside and $0.013-ish to the upside. At the time of writing, the price of the BABYSHIB token sits at $0.0083-ish.
Is BABYSHIB a Good Investment?
After seeing many dog-themed coins perform relatively well, dismissing the BABYSHIB token without proper analysis would be foolish. After all, it could easily reach the current market cap of BabyDoge or even that token’s ATH market cap value. That would put the price of $BABYSHIB above $2.3 in the upcoming bull market. Of course, keep in mind that this is just a speculative comparison.
Aside from considering how high the asset’s price may go, you also need to consider your personal financial situation and risk tolerance. If those aspects, in combination with the above-covered sections, tell you that Babyshiba deserves your further attention, then make sure to research the token further.
To do this, use the Moralis Money Baby Shiba Inu ($BABYSHIB) token page. You can access that page via the link in the previous sentence or via the interactive widget below.
Aside from multiple links and resources that will help you explore the ins and outs of Babyshiba, you’ll also find the token’s alpha metrics on that page. These metrics are BABYSHIB’s real-time, on-chain metrics and will provide a window into the token’s on-chain performance. Moreover, since on-chain activity always precedes price action, you can use these metrics to determine if now’s the right time to buy $BABYSHIB.
How to Buy the Baby Shiba Inu Coin [Where and How]
If you decide to HODL or trade BABYSHIB, knowing where to buy the Baby Shiba Inu coin and how to buy Baby Shiba Inu is rather vital. Fortunately, this is relatively straightforward, and if you’ve swapped crypto tokens before, you’ll need no assistance.
However, if you’re about to swap on the Ethereum network for the first time, the following two subsections will be useful.
Where to Buy the Baby Shiba Inu Coin?
So, where to buy the Baby Shiba Inu coin? On Moralis Money’s token page dedicated to BABYSHIB!
If you visited the above-provided $BABYSHIB page, you probably noticed the instant token swap feature at the top right. The latter has the Babyshiba crypto token preselected, eliminating the risk of landing on the wrong trading pair. Plus, it’s right there where you can see all the essential info to research the token further:
Aside from being extremely practical and safe, this path is also one of the cheapest crypto swap platforms. It achieves that by utilizing the power of the 1inch aggregator that always finds the best price.
So, all in all, Moralis Money’s token pages offer the best and cheapest way to buy crypto!
How to Buy Baby Shiba Inu?
Now that you know where to buy the Baby Shiba Inu coin, it’s time we illustrate how to buy Baby Shiba Inu. Fortunately, this process is super simple, and we can cover them using the following steps:
- Visit the Moralis Money $BABYSHIB token page.
- Connect your Web3 wallet.
- Select the asset you want to use to buy BABYSHIB (e.g., ETH) and enter its amount.
- Confirm the swap using the blue button.
- Execute the swap using the blue button.
Here’s also an animation that will help you visualize the above-outlined steps:
Find Meme Coins Like the BABYSHIB Token Using Moralis Money
The 2023 memecoin season gave birth to many altcoin opportunities. After all, $PEPE might have offered the largest gains (100,000x in 22 days), but there were many other 10x, 100x, and even 1000x meme coins.
Token Explorer is Moralis Money’s core feature, enabling you to run preset or unique strategies to find altcoins with promising potential early. Essentially, it is the go-to tool to spot the best altcoin opportunities at any given time.
With that in mind, make sure to master this user-friendly tool today and get ready for the upcoming bull run!
What is the Baby Shiba Inu Coin, and How Can You Buy BABYSHIB? – Key Takeaways
- The Baby Shiba Inu crypto project is all about the BABYSHIB token, which is a new meme coin.
- Babyshiba’s meme coin pays tribute to the Shiba Inu token.
- Unlike other meme-baed tokens, BABYSHIB has a rather low total supply.
- The price of $BABYSHIB increased by more than 2,000x from its listing price in less than eight days.
- Following its ATH, the Baby Shiba Inu coin price has been ranging sideways on top of the $0.008-ish support.
- With BABYSHIB’s price more than 70% below its ATH, now may be a good time to buy this meme coin.
- If you are interested in $BABYSHIB, make sure to DYOR it further with Moralis Money’s token page for that crypto. That page will help you determine if and when you should buy $BABYSHIB.
- Where to buy the Baby Shiba Inu coin? On Moralis Money’s $BABYSHIB token page.
- How to buy Baby Shiba Inu? Visit the Moralis Money $BABYSHIB token page, connect your Web3 wallet, select the asset you want to use to buy BABYSHIB, enter that asset’s amount, confirm the swap, and execute the swap both using the blue button.
- Use Token Explorer to find the best altcoin opportunities.
Token Explorer is the central feature of Moralis Money, and it was built using Moralis Web3 APIs, such as the Crypto Wallet API and Web3 Price API. It empowers you to employ predefined or customized strategies for identifying early opportunities in altcoins, giving you the ultimate altcoin advantage. In essence, it serves as your primary tool for pinpointing the most promising altcoin prospects at any moment.