As a seasoned crypto investor with a knack for spotting potential in the meme coin market, I can’t help but feel a sense of excitement about Baby Doge Coin (BABYDOGE) right now. Having been around since the early days of Dogecoin, I’ve seen my fair share of pump and dump schemes, but BABYDOGE seems to be carving out its own niche with real utility and potential growth.
For four days straight, the price of Baby Doge Coin climbed, peaking at $0.0000000028 – its highest point since March.
Puppy.fun airdrop ahead
babyDoge Coin (BABYDOGE), a popular meme cryptocurrency, experienced a surge of 37% over the past week and a significant jump by 250% since its lowest value this year. The market capitalization has escalated from $180 million in January to surpass $417 million currently.
The price surge for this token started in September following its addition to Binance, the leading cryptocurrency trading platform. As per CoinGecko, the 24-hour trading volume of BABYDOGE on Binance was approximately $94.23 million, representing a staggering 98% of the overall volume. Additionally, it has recently been listed on BiKing, a platform that combines gaming and cryptocurrency services.
The event aligns with the imminent release of Puppy.fun, including its airdrop. Although specifics are limited, it’s anticipated that Puppy.fun could become the next meme coin creator within its network.
These generators have gained popularity recently. All meme coins generated in Solana’s Pump.fun have accumulated a market cap of over $1.3 billion, while its all-time fees collected have risen to $122.48 million. All Sun Pump tokens have a market cap of over $366 million.
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— Baby Doge (@BabyDogeCoin) October 8, 2024
Although Baby Doge Coin is based on a meme, its creators have put effort into providing a purpose for the token. They introduced the BabyDogeSwap Decentralized Finance (DeFi) platform, where users can exchange, earn rewards, and purchase Non-Fungible Tokens (NFTs). As per DeFi Llama, the total value locked in BabyDogeSwap exceeds $2.14 million.
The BabyDoge cryptocurrency has experienced a surge as well, fueled by whispers that it could soon be featured on Coinbase, along with plans to broaden its reach across platforms like Solana (SOL) and others.
Baby Doge Coin price flipped key resistance
As a crypto investor, I’ve noticed an exciting development with the BABYDOGE token. The daily chart indicates a significant rise in its value during September, following its listing on the Coinbase exchange. Interestingly, before this surge, it had been forming a falling wedge pattern – a commonly recognized bullish reversal indicator.
On September 27th, the graph showed a ‘golden cross’ formation, where the short-term (50 days) and long-term (200 days) average lines intersected. Typically, when this pattern appears, the asset tends to maintain its upward trajectory.
On September 28, Baby Doge Coin reached and surpassed a significant barrier at 0.0000000027, marking its highest point so far. If it manages to exceed the high of October 9 (0.0000000028), this could suggest that the price may continue to rise.
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2024-10-09 16:50