More and more cryptocurrencies with different creative ideas appear every day. However, not all of them can win the trust of private, institutional investors and crypto-enthusiasts. Only a few dozen of the best-known cryptocurrencies have high value and interest among users. Among them are Shiba and Baby.
This article contains a step-by-step guide on exchanging Shiba to Baby and vice versa on favorable terms, without high fees, and with maximum transaction processing speed. This exchange direction is very popular because Baby is a growing project attracting more and more users. And Shiba has been one of the most famous tokens for a long time.
What is Shiba Inu?
Shib Coin is an ERC-20 token on the Ethereum blockchain, named after Shiba Inu dogs. The tokens are called «Meme Coins» on the project’s official website. The project was launched in August 2020.
The founder of Shiba, nicknamed Ryoshi, chose the Ethereum blockchain for a reason. He believes Ethereum is truly decentralized, secure, and well-established, unlike most other networks. According to him, the blockchain allows the creation of free, decentralized communities.
It also allows Shiba Inu to inherit all the advanced features of the network’s smart contracts because it facilitates the implementation of DeFi-applications.
Shiba Inu is already leveraging these advanced features with Shibaswap, a DeFi-platform that allows users to generate passive income by providing liquidity, staking, and exchanging tokens. In addition, Shibaswap also offers access to new NFT and crypto market-specific tools like portfolio trackers.
Shiba Inu has several projects, including its blockchain network, Shibarium and SHI stablecoin. There is no predetermined launch date for Shibarium, but it will add various new use cases, increase overall throughput and reduce transaction fees. Shiba Inu is also working on his Shibverse meta-universe. Therefore, the coin continues to be popular among crypto enthusiasts and investors.
The creators of Shib state that they are the first to abandon the practice of ownership of tokens by the founders and developers of the project. To that end, 50% of Shib was sent to the Uniswap exchange and blocked, and the remaining 50% was sent to the wallet of Ethereum creator Vitalik Buterin. Ryoshi wrote in a white paper that “there is no greatness without vulnerability. The altcoin creator stressed that “as long as Vitalik doesn’t betray the project, it will live and develop.
The meme token became very popular, and its price increased frequently. For example, in the first few days of its existence, the value of Shib went up almost 25 times.
Shib was listed on the OKex and Huobi exchanges as a reaction to the multiple price growth. Shib’s trading volume was around $500 million and rose to $8 billion after the listing.
At the moment, the capitalization of Shib remains stably high. Elon Musk and many other public people have started talking about this coin. Therefore, no one has any doubts that Shib has high liquidity.
Why exchange to Baby coin
Recently, meme coins have been gaining popularity. For example, Baby Doge is a meme coin that appeared in June 2021 on the PancakeSwap platform. It is now also available on Uniswap and 12 other exchanges. The project positions itself as “the world’s best social token” and promises to win hearts with its “cuteness and transaction speed.”
The token quickly gained fans, including thanks to the support of Elon Musk, who published a tweet mentioning Baby Doge. Admittedly, the tweet’s meaning is vanishingly small, which is typical of Musk. However, it was enough for the cryptocurrency community to rush to buy up the little-known meme coin.
Most users remember the resounding success of Shiba and Doge. There is no doubt that sooner or later, the success will be repeated with Baby.
You have an opportunity right now to buy or exchange these coins to make money on them. Experts believe that the value of Baby will increase in the future as the project develops. The exchange with Shiba is considered one of the most profitable for owners of this meme coin.
Shiba Inu vs. Baby
Before exchanging Shiba for Baby or vice versa, let’s have a look at the comparison table of these coins.
|Emission||1 quadrilion||420 quadrillion|
|Capitalization||$6,5 billion||$11 million|
So how to buy a Baby token using Shiba Inu?
- First of all, visit Droidex’s official website and click “Start Swap”.
- Next, choose Ethereum blockchain, if you want to swap Shiba Inu to Baby.
- Select tokens – Shiba Inu and Baby.
- Then, enter the number of tokens – let it be 400. After that, tap “Connect Wallet”.
- Connect the wallet – for example, MetaMask.
- Once you’ve connected the wallet, press “Swap”.
- Finally, click “Confirm Swap”.
- That’s it! Get your tokens!
Use this step-by-step guide to buy Baby tokens using Shiba. We are sure these cryptocurrencies will be in demand among all crypto-enthusiast categories. Now, you have an opportunity to make transactions with these coins as fast as possible without overpaying commissions.