Since the last quarter of 2021, the increase in meme coin acceptance and popularity has reached a new high. Additionally, SHIB was one of the best performing meme tokens of the last year, gaining many holders. Another meme token that has made a march in the market to attract more holders is BabyDoge.

BabyDoge owners outnumber SHIB owners

According to the latest data from blockchain analytics platform WhaleStats, BabyDoge dominates holders over SHIB holders. Despite the fact that SHIB has a larger market cap, better trading volume, and broader adoption has the upper hand over SHIB holders.

Currently, BabyDoge holders have risen to over 1,225,000 which has set a new record while BabyDoge’s price has also skyrocketed. On the other hand, the total number of SHIB holders is 1,140,151 people, which is significantly less than BabyDoge holders. At the time of writing, BabyDoge is trading at $0.000000005434 and is up 20.04% in the last 24 hours. Notably, the whales on BSC currently hold BabyDoge for $4,668,265 at current prices.

DOGE rises together with BabyDoge

Following the tweet that Tesla accepts Dogecoin, DOGE holders are currently increasing. The total number of owners is 460,007, while earlier this week Tesla started selling some of its products on the online Tesla store exclusively for Dogecoin. This post sent DOGE’s price action skyrocketing by 20% within hours of publication.

Currently, DOGE is trading at $0.188, which is the most popular meme coin in the crypto industry. The top 1,000 BSCs currently control 326,785,975 DOGE worth $62,501,117. However, the coin has now lost its gains on Tesla’s announcement.

About BabyDoge

Baby Doge is a clone of the DogeCoin cryptocurrency. It’s only been on the market for a month, and prior to Elon Musk’s tweet, its growth was questionable, especially with so many crypto assets on the market these days. But just as DogeCoin grew, Musk’s random tweet about Baby Doge was enough to cause the cryptocurrency to double in value in no time.

The Baby Doge symbol, a younger Shiba Inu, is also used on the cards. It also carries a social message about rescuing dogs with partners like Paws with Cause.

Baby Doge is just another cryptocurrency trying to expand its network and popularity on the circuit. But somehow the digital currency received strong support from Tesla CEO Elon Musk via a tweet. “Baby Doge, doo, doo, doo, doo, doo,” he tweeted, referring to the popular children’s song “Baby Shark.” And that was enough for Baby Doge to see his worth grow. #babydoge is usually a few days later.

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