Baby Doge

Baby Doge Coin prediction

This year, Baby Doge, one of several Shiba Inu-inspired coins with minimal intrinsic value, has risen in value as other digital assets have fallen.

The recent surge of a digital asset with no intrinsic value based on a puppy dog indicates that the meme coin craze isn’t yet over.

Many meme coins, most of which sell for fractions of a dollar, have had a tough start to 2022. According to data from cryptocurrency tracker, Dogecoin, Shiba Inu, and Floki have all declined between 9% and 32% since the start of the year. Another, called Baby Doge, has defied the trend, with a 99 percent increase in 2022.

As in previous token bubbles, the reasons are almost certainly driven by speculation (nearly always followed by busts). Supporters of Baby Doge are using the hashtag #babydoge to promote the cryptocurrency on social media channels like Twitter. Their most recent rallying cry is for Binance, the world’s largest crypto exchange by volume, to include the currency on its platform, which is well-known among crypto enthusiasts for allowing users to trade a variety of meme coins.

That’s similar to how fans of another token, Shiba Inu, stoked a rally by calling for brokerage Robinhood to list it on its platform in October. The token’s value dropped dramatically after the app didn’t meet those demands.

Meme coins, as well as larger cryptocurrencies such as Bitcoin and Ethereum, have fallen in recent months, as news of the omicron variant and the threat of tighter monetary policy has taken the luster off risk assets. Bitcoin has dropped from a peak of about $69,000 in early November to just under $40,000 this week. It is currently on track to have the worst start to a year since the digital currency’s inception.

Yet some on social media still saw the allure of Baby Doge, which was trending on Twitter this past week. The token currently trades at a price of $0.0000000038, almost double what it was at the end of last year.

Price of a BabyDoge in Real Time
With a 24-hour trading volume of 2,167,408,323 INR, the current Baby Doge Coin price is 3.39e-7 INR. Our BabyDoge to INR price is updated in real-time. In the last 24 hours, Baby Doge Coin has increased by 2.92 percent. With a live market cap of not available, the current CoinMarketCap ranking is #2841. There is no circulating supply and a maximum supply of 420,000,000,000,000,000 BABYDOGE coins.

Leave a Comment

Your email address will not be published. Required fields are marked *