Baby Doge Coin Gains Momentum, Defying Regulatory Challenges
- Baby Doge Coin price surged over 6% in the last 24 hours.
- BabyDoge trending on Twitter with over 1.3m tweets.
Significant things are happening in the meme coin realm and cryptocurrency market while the industry faces major challenges from regulators. A popular meme token, Baby Doge Coin (BabyDoge), is trending over “Crypto Twitter” with a notable price rally.
BabyDoge was inspired by its renowned counterpart, Dogecoin, which witnessed a remarkable 6% price surge today. This surge comes as the latest development in a series of positive trends that have propelled the token to new heights in recent weeks.
At the time of writing, BabyDoge price had climbed about 5% to $0.000000001439 with a 24-hour trading volume of over $3 million, which soared about 26.5%. Baby Doge Coin surged by 6.5% in a week and has a market cap of over $217 million. In addition, the meme token RSI indicates that BABYDOGE is in an extremely overbought stage, which means it may have a correction in its price.
Further, BABYDOGE recently made headlines with a “historic burn of 206 quadrillion tokens” valued at around 294 million. Despite the burn, there is still a sizable supply of 152 quadrillion BabyDoge tokens in use.
The rise of BabyDoge resulted in its emergence as a prominent player in this flourishing landscape. Moreover, social media platforms have played a pivotal role in catapulting Baby Doge Coin’s popularity. Also, the recent surge in price reflects the community’s optimism and confidence in Baby Doge Coin’s long-term prospects.
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Read more: https://thenewscrypto.com/baby-doge-coin-gains-momentum-defying-regulatory-challenges/
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
