Baby Doge announced today that the proposal to launch on Solana has been approved. They also plan to create connections between Ethereum (ETH), BNB Chain, and Solana (SOL) in the near future.
BabyDoge has revealed plans to expand on Solana and initiate token bridges between Ethereum (ETH) and BNB Chain. Solana’s appeal has influenced this decision, as it presents a strong alternative to Ethereum. Despite this strategic move, BabyDoge’s price has slipped.
Baby Doge Expands to Solana Network
Baby Doge, a dog-themed meme cryptocurrency inspired by Dogecoin, has once again captured attention across the cryptocurrency landscape.
Following the token’s recent renouncement of ownership on Ethereum and BNB Chain, Baby Doge is now poised to expand its ventures to Solana.
A recent post shared on X announced that the proposal to deploy the BabyDoge token on the Solana network has officially passed.
This approval sets the stage for the next phase of developmental upgrades, enabling the meme coin’s successful deployment on one of the most renowned blockchains.
Baby Doge Community Approves Solana Expansion
According to a post shared by the Baby Doge community today, June 8, the proposal on snapshot.org has officially passed, with the odds overwhelmingly in favor. Remarkably, 100% of the voters, representing 2668 trillion community members, voted ‘yes.’
The next phase in development involves research, followed by the development, testing, and deployment stages.
This phased approach ensures a smooth transition for a Solana-compatible BabyDoge token smart contract on the planned network after thorough testing. Simultaneously, token bridges will be established, creating connections between Ethereum (ETH), BNB Chain, and Solana.
Baby Doge Expands to Solana Amid Strategic Considerations
Today’s post also highlighted the strategic decision to expand on Solana. Compared to Ethereum, Solana offers more cost-effective transactions, making it a more attractive option. Additionally, not all tier 1 centralized exchanges support BNB Chain, further solidifying Solana’s appeal. These factors played a crucial role in the decision to expand Baby Doge on Solana.
Following the successful deployment of BabyDoge on the Solana network, transaction speed is expected to exceed 65,000 TPS, and transaction fees will be lowered to $0.00025 per transaction. These advantages have greatly appealed to the crypto’s community, leading to the proposal’s approval.
Baby Doge Price Dips Despite Optimistic Development
Despite the optimistic development, BabyDoge’s price slumped at press time, stirring speculations. As of writing, BabyDoge’s price has dipped 8% in the past 24 hours and is currently trading at $0.000000001814. The token’s 24-hour lows and highs are $0.000000001814 and $0.000000001975, respectively.
The price decline aligns with the broader crypto market’s downward trend today. However, as the market recovers, there is potential for a price rally for the meme coin.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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