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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Baby Doge Coin Rallies 20% In 24 Hours – Here’s Why

Semilore Faleti
Semilore Faleti
1 year ago
3 mins read
BABY DOGE

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The highest standards in reporting and publishing
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Following a generally bullish crypto market, Baby Doge Coin (BABY DOGE) has been one of the most impressive tokens, registering weighty profits for investors. 

According to data by Coingecko, BABY DOGE has recorded a 20.1% gain over the last 24 hours, representing a higher price percentage increase than all other meme coins during the same period.

Looking at its wider market performance, BABY DOGE has been quite outstanding, rallying by 51.3% and 59.5% in the last seven and 30 days, respectively. Since the beginning of the year, the MemeFi project has gained over 300%, quadrupling its market price in the process.

In exciting news, Baby Doge Coin’s impressive performance so far has led to the token breaking into the top 100 cryptocurrencies based on market cap, according to data from Coingecko. 

At the time of writing, BABY DOGE is valued around $0.000000003701 with a total daily trading volume of $33.8 million. In addition, the meme coin has a market cap of $564.8 million, with 160 quadrillion tokens in circulation. 

 BABY DOGE

BABY DOGE trading at $0.0000000036988 | Source: BABYDOGEUSD Chart on Tradingview.com

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What Is Behind BABY DOGE’s Current Rise?

Aside from the general crypto surge earlier last week, BABY DOGE has made some advances which has spurred its market price over the last day.

Via their official Twitter account, the developer team behind BABY DOGE announced on Friday the meme coin is about to be listed on one of the top five exchanges this week. 

According to CoinMarketCap, the top five crypto exchanges are Binance, Coinbase, KuCoin, Kraken and Bitfinex. Of these lots, Binance, being the biggest crypto trading platform in the world, has gotten the most shouts from an overjoyed Baby Doge Army.

However, Regardless of which exchange lists BABY DOGE this week, it will be the biggest listing of the meme coin so far. Currently, popular exchanges with support for Baby Doge include Gate.io, Bybit and OKEx. 

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BABY DOGE, The Next Big Thing?

As one can guess, Baby Doge Coin is a cryptocurrency inspired by the popular meme token, Dogecoin. 

However, unlike most meme coins which depend solely on community participation and celebrity news to get a price pump, Baby Doge aims to defer by expanding its utility through the creation of a functional ecosystem.

This is clearly seen with the Baby Doge Swap, a decentralized exchange built on the BNB network that allows users to buy, earn, spend, farm and stake Baby Doge Coin. 

In accordance with Baby Doge’s impressive price action, Baby Doge Swap has also witnessed massive growth, with a 114% in its TVL since January 1, according to data from Defillama, 

At the time of writing, Baby Doge Swap ranks as the fourth-biggest decentralized exchange with a TVL of $60.69 million. 

Featured Image: Analytics Insight, chart from Tradingview.
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Semilore Faleti
Semilore Faleti

Semilore Faleti

Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency.

Read more

Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems.

In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others.

In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies.

Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative.

Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information.

Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets.

Outside his work, Semilore possesses other passions like all individuals. He is a big music fan with an interest in almost every genre. He can be described as a “music nomad” always ready to listen to new artists and explore new trends.

Semilore Faleti is also a strong advocate for social justice, preaching fairness, inclusivity, and equity. He actively promotes the engagement of issues centred around systemic inequalities and all forms of discrimination.

He also promotes political participation by all persons at all levels. He believes active contribution to governmental systems and policies is the fastest and most effective way to bring about permanent positive change in any society.

In conclusion, Semilore Faleti exemplifies the convergence of expertise, passion, and advocacy in the world of crypto journalism. He is a rare individual whose work in documenting the evolution of cryptocurrency will remain relevant for years to come.

His dedication to demystifying digital assets and advocating for their adoption, combined with his commitment to social justice and political engagement, positions him as a dynamic and influential voice in the industry.

Whether through his meticulous reporting at NewsBTC or his fervent promotion of fairness and equity, Semilore continues to inform, educate, and inspire his audience, striving for a more transparent and inclusive financial future.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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