Baby Doge, another memecoin inspired by Dogecoin’s friendship with Elon Musk soared by 35% earlier today. This comes on the heels of Huobi, the world’s largest cryptocurrency exchange, announcing the adoption of the token to its platform.
Baby Doge, which was launched in the midst of the memecoin frenzy last year, skyrocketed in popularity originally as a result of a tweet by Elon Musk including its name. While the initiative said that Musk was definitely considering a new memecoin, there was no confirmation from Musk himself.
Nonetheless, a near-triple-digit rise occurred at the moment. Today, BABYDOGE launched another attack, this time with a little more moderate increase of roughly 35%.
New ATH for Baby Doge
The asset rose from about 0.00000000295 to 0.000000004 in a short of hours, becoming the asset’s highest price position in over a week.
This tremendous price spike occurred at an unexpected moment, given the state of the rest of the cryptocurrency market. As such, it is reasonable to relate it to the most recent news from Huobi.
Just minutes before the pump, the big crypto exchange announced the arrival of BABYDOGE. Deposits are now available on the site, while spot trading for BABYDOGE/USDT will begin “when the deposit volume satisfies the demand for market trading, which will be notified in advance.”
Baby Doge recently expanded its reach beyond the bitcoin industry by collaborating with the German soccer team TSG.
What You Should Know About BABYDOGE
Baby Doge Coin is a meme cryptocurrency that is intended to deflationary increase in value and scarcity over time. By merely holding Baby Doge coins in their wallets, all Baby Doge holders will earn more baby doge. Keep an eye on the quantity of baby doge in your wallet since baby doge coin holders earn a 5% fee on all on-chain transactions that occur in the Baby Doge ecosystem. The community obtains more baby doge coins as a result of the transaction fees.
Baby Doge Coin price
At the time of writing, the price of Baby Doge Coin is $0.000000003968, with a 24-hour trading volume of $67,328,559. The price of BABYDOGE has increased by 21.5% in the previous 24 hours. There are 160 Quadrillion BABYDOGE coins in circulation and a total supply of 420 Quadrillion. If you’re wanting to purchase or trade Baby Doge Coin, the most active exchange at the moment is PancakeSwap (v2).