After a 99% surge, what is next in store for Baby Doge Coin?

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The first ten days have evidently been quite sloppy for most of the market’s meme-coins. Right from DOGE and SHIB to ELON and FLOKI – almost all of them have witnessed dips since the beginning of this year. However, Baby Doge has been a peculiar one and revolting against the bearish market.

Baby Doge pumps amidst broader slump

However, Baby Doge Coin – another prominent meme-coin from the space, has been defying the trend. By doing so, it has already rallied by more than 99% in 2022.

What’s more, after fetching HODLers over 10% returns in the past 24-hours, Baby Doge was seen trading at $0.000000003849 at the time of press. In fact, as can be seen from the chart attached below, its rally over the past month has been quite phenomenal.

Source: CoinMarketCap

Baby Doge-just not another dog-themed coin!

Baby Doge was one among the other ‘random’ meme coins in the space until a few months back. Its popularity sharply rose after ‘DogeFather’ Elon Musk tweeted a wriggled lyrical version of the Baby Shark Dance song.

Since then, BabyDoge has not missed an opportunity to climb up on the charts.

Baby Doge shares a lot in common with the OG Dogecoin but has not much to do with it on a technical level. Dogecoin exists on its own blockchain network, while Baby Doge runs on top of another blockchain’s infrastructure.

Dogecoin, as such, is a Luckycoin fork – now-defunct crypto that was forked off from Litecoin on its part. BabyDoge on the other hand was developed on the Binance Smart Chain.

Not a baby anymore

BabyDoge has been making notable advancements on almost all fronts of late. As per data from BscScan, BabyDoge has already managed to amass over 1.197 million HODLers – which is quite a remarkable feat for a coin with a diluted market cap of $1.554 billion.

Source: BscScan

Additionally, this coin has been on a record-making spree of late. For starters, it just surpassed SHIB in the aforementioned HODLer count aspect. What’s more, its 24-hour trading volume too surpassed the $100 threshold of late.

Thus, with metrics portraying satisfactory readings, it looks like Baby Doge Coin would likely continue defying the broader bearish trend.


Credit: Source link

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