Claim Giveaway Token Proof of Reserve

Baby Doge Coin Surges by 20% in a Single Day: Is it Worth Investing in?

Key Takeaways
  • Over the past seven and 30 days, BABY DOGE has demonstrated remarkable market performance, surging by 51.3% and 59.5%, respectively
  • BABY DOGE's market price has surged due to the general crypto market trend and upcoming listing on a top-five exchange
17-Apr-2023 By: Simran Mishra
Baby Doge Coin Surge

After a bullish trend in the crypto market, Baby DogeCoin (BABY DOGE) has emerged as one of the most impressive tokens, generating substantial profits for investors. 

According to CoinGabbar charts, BABY DOGE has gained 20.1% in the last 24 hours, surpassing the price percentage increase of all other meme coins during the same period.

Over the past seven and 30 days, BABY DOGE has demonstrated remarkable market performance, surging by 51.3% and 59.5%, respectively. Over the course of the year, the MemeFi project has witnessed an astronomical rise of over 300%, resulting in a quadrupling of its market value. 

At present, the price of BABY DOGE stands at around $0.000000003566, with a trading volume of $23.8 million per day. The market capitalization of this meme coin is $564.8 million, and it has 160 quadrillion tokens circulating in the market.

What Has Led to BABY DOGE's Current Rise?

BABY DOGE's market price has seen a recent surge due to a combination of the general crypto market trend and the announcement by the developer team that the meme coin will be listed on one of the top five exchanges later this week. 

The top five exchanges are Binance, Coinbase, KuCoin, Kraken, and Bitfinex, with Binance being the largest exchange globally and attracting a lot of attention from the enthusiastic Baby Doge Army. Although the exchange listing has not been confirmed yet, it is expected to be the most significant listing for Baby Doge to date., Bybit, and OKEx are some of the popular exchanges that currently support the meme coin.

Baby Doge Coin's Functional Ecosystem

Baby Doge Coin is a crypto asset that draws inspiration from the famous meme token, Dogecoin. But, unlike other meme coins that rely heavily on community engagement and celebrity endorsements to drive their value upwards, Baby Doge stands out by creating a practical ecosystem that enhances its utility.

Baby DogeCoin has been striving to establish itself as more than just a meme token, and one of its key efforts towards this goal is the Baby Doge Swap. This decentralized exchange, built on the Binance Smart Chain (BNB) network, offers a range of functionalities to its users, including buying, earning, spending, farming, and staking Baby DogeCoin. 

The success of Baby Doge Swap is reflected in its impressive growth, with a 114% increase in its Total Value Locked (TVL) since January 1, as reported by Defillama data. At present, Baby Doge Swap holds the fourth position among decentralized exchanges with a total value locked (TVL) of $60.69 million.

Also, Read - Ether Soars to 11-Month High with 1M+ Post-Shapella ETH Withdrawals

Related News
Related Blogs