Four days ago, a new meme-based crypto asset called Baby Doge hit the crypto and mainstream community. Baby Doge got a lot more exposure when Tesla’s Elon Musk tweeted about it and the property’s value skyrocketed almost immediately. Musk hasn’t said anything about Baby Doge since, but the value of the crypto asset has continued to rise.
Last week, Bitcoin magazine reported on Baby Doge (BABYDOGE) after Tesla’s CEO tweeted about the coin. At that point on July 1, the baby doge was up 228.3% in a 24-hour period and the digital currency has continued to make gains for the past few days.
On Monday morning (July 5th), Baby Doge was down more than 2%, but the 7-day stats show that the token is still up 248.9 percent. In the past two weeks, the baby dog has seen a whopping 723% increase.
Baby Doge caught mainstream media (MSM) attention after Musk’s tweet, as multiple publications covered the meme coin’s situation. Fool.com, a publication owned by the Motley Fool, asked, “Should you (or anyone) buy Baby Doge Coin?” Baby Doge is also featured in articles from newspapers such as Indian Times, Futurism, Republic World, Benzinga, Gamerevolution, Techstory, Business Insider, Toysmatrix, etc.
Baby Doge exploded last week, taking 248% in seven days and 723% in 14 days. Source: Coinmarketcap
The New York Post featured the coin meme in an article titled “Baby Doge? Interesting facts about the version of Dogecoin that Elon Musk is hyping. As of July 1, the number of platforms that have it listed has increased to three central exchanges after being available on Pancakeswap.
Baby Doge is currently available on Pancakeswap, MEXC Global, XT.com and Lbank. Version 1 of Pancakeswap shows Baby Doge with a lot of liquidity at $ 71 million in 24 hours and Version 2 of the log shows over $ 3 million.
Baby Doge is currently trading at $ 0.0000004703 per unit, up 6% over the past 24 hours. On every transaction, users pay a 10% fee, but 5% fee is redistributed to each Hodler.
The remaining 5% of the fees will be added to the BABYDOGE / BNB liquidity pool hosted on Pancakeswap. According to Coingecko’s “Top Meme Coins by Market Cap” list, Dogecoin (DOGE) has not done as well as Baby Doge lately. DOGE is down 11.4% in the last seven days compared to BABYDOGE’s 248% increase.
Currently, Shiba Inu (SHIB) is up 7.4% today, and several other DOGE-like tokens have made decent weekly gains. One crypto asset called Dogelon Mars (ELON) is up 31% this week, and another called Elon Doge Token (EDOGE) is up more than 20%. Baby Doge doesn’t have the same trading volume as its predecessors SHIB and DOGE, but it’s growing fast. In the past 24 hours, Dogecoin (DOGE) has a trading volume of $ 1.3 billion while SHIB has over $ 73 million.
Most crypto aggregator sites don’t tell you what the Baby Doge’s market cap is today, but with a total maximum supply of 420 billion tokens multiplied by $ 0.000000004703 that’s about $ 1.975 billion.
Annie
According to NewsBitcoin
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