Baby Doge Coin Grows 124% In Last 7 Days – Is This The Next Big Thing In Crypto?

Christian Encila

2 years ago

3 mins read

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Baby Doge Coin (BABYDOGE) has been maintaining a steady and strong price action in the last few weeks. For instance, in the last seven days alone, the fast-rising meme coin has tallied an impressive 124% increase – a feat not all of its rivals can match in any given period.

Baby Doge still dominates other dog-themed cryptocurrencies such as Dogecoin (DOGE), Shiba Inu (SHIB), and BoneShibaSwap (BONE) in the 24-hour performance department.

At the time of writing, Baby Doge is trading at $0.000000003535, up nearly 2% in the last hour, according to data by Coingecko.

BABYDOGE has so far tighten its grip on the monthly charts, with an unrelenting 268% lock which the crypto may hold on to in the next few weeks, according to some analysts.

Baby Doge Coin Enjoys Positive Sentiment

The aggressive run of the meme coin is due to the favorable feeling surrounding the coin as it continues to be listed on multiple exchanges.

OKX Exchange was the most recent exchange to implement support for Baby Doge Coin, integrating BabyDogeSwap into the OKX Wallet and Discovery Page.

The official Baby Doge Coin team praised the collaboration, noting that OKX has 20 million users in more than 100 countries.

The increase in price also stems from the fact that the team behind the meme currency burnt 682 trillion BABYDOGE, valued at around $1,091,200.

682 trillion #BabyDoge was burned forever worth estimated $1,091,200 🔥

Proofhttps://t.co/iaB13hUhgt

Swap buy back & burn 2.6 trillion #BabyDoge 🔥

Proofhttps://t.co/b8m0ry36Mh pic.twitter.com/vfYjTuzWo5

— BabyDogeSwap.com LIVE (@BabyDogeCoin) February 1, 2023

Burning is the process of removing tokens from circulation permanently by transferring them to an unreachable wallet address.

This creates a shortage in the coin supply because it becomes nearly impossible to reclaim the tokens.

New Features And Partnerships

The team behind Baby Doge Coin is also continuously creating new features and collaborations, with a focus on increasing its reach and utility for consumers.

Baby Doge Coin is a cryptocurrency derived from the popular meme-inspired cryptocurrency Dogecoin.

It was designed to bring a new perspective to the world of cryptocurrencies, with an emphasis on community and user involvement.

The initiative intends to provide a user-friendly and entertaining platform for digital currency transactions and investments.

Baby Doge Coin operates on a decentralized network, which means that transactions are handled and validated by a network of users as opposed to a single authority.

This enhances security and reduces the likelihood of fraud or hacking. In addition, Baby Doge Coin offers a quick transaction processing time and minimal transaction fees, making it an excellent option for people who wish to conduct transactions swiftly and cheaply.

Crypto total market cap at $1 trillion on the daily chart | Chart: TradingView.com

The development of Baby Doge Coin is supported by a large and committed community of programmers and fans.

Baby Doge Coin is being accepted by an increasing number of users and shops as a form of payment.

Baby Doge Coin has the potential to become a major participant in the cryptocurrency market due to its strong emphasis on community, fun, and accessibility.

Featured image by The Motley Fool

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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.