Arguably the hottest meme-token in town, BabyDoge is breaking record after record barely one-month post-launch.
BabyDoge Is Turning To An Enigma
Fast-rising meme-token, BabyDoge looks primed to break every record in the books. About a fortnight ago, when BSCNews reported BabyDoge in this article, the memecoin was already in blistering form. BabyDoge had a market capitalization of $270 million and had brought a turnover of nearly 500% for its 100,000+ holders.
BabyDoge has been on our list of top-performing tokens consecutively for some weeks. Right now, those numbers have more than doubled. At the time of writing, BabyDoge has accumulated more than 250,000 holders and delivered more than 3,400% in gains for initial holders. In addition, the memecoin’s market capitalization has crossed $900 million and is gradually inching towards $1 billion
For a memetoken launched about five weeks ago on June 1, 2021, these statistics are simply phenomenal. The coin has jumped in volume by $160 million USD.
What Momentum Is Behind BabyDoge’s Upward Sprint?
Any guess? The Elon Musk Effect! In an article by BSCNews, we wrote about how any crypto Elon Musk gives a mention sees a spike in value. On July 1, 2021, Elon Musk inserted BabyDoge in his nursery rhyme tweet.
His tweet triggered a spike in the value of BabyDoge token as thousands bought into the influence of one of the world’s richest men.
BabyDoge’s Future Outlook
The momentum of BabyDoge is robust at the moment. The chances are that higher figures have replaced the statistics given in this article by the time you are reading this.
BabyDoge has a couple of things going in its favor. It has a name that sounds pleasant in the steps of its acclaimed father-memetoken Doge. A strong and rapidly growing Telegram community is also giving BabyDoge much impetus. Add these to the heavyweight influence of celebrities like Elon Musk, and we all are left wondering what heights BabyDoge will get to in the future.
BabyDoge is the acclaimed ‘son’ of popular memetoken, Doge. BabyDoge has a hyper deflationary system that progressively increases its scarcity and increases its liquidity. The coin’s team hopes to ride the momentum of its father coin, Doge Coin, with new and faster transactions and cuteness.
The BabyDoge project looks out for the welfare of dogs and recently gave out $75,000 – its first charity, to a dog welfare organization.
Source : bsc.news
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