Baby Doge Coin has made an upbeat performance recently, rallying an impressive 15% after a DAO proposal to eliminate transaction tax. This ascension has been fortified by its successful token locks surpassing $10M and a total value locked (TVL) nearing $60M. The infantile cryptocurrency has also turned head with a revival attempt through a collaboration with NFTs. The community exhibited its optimism by voting to secure a listing on the top-5 exchange, KuCoin. Amid these developments, Baby Doge Coin expects a bullish trajectory, anticipating $60M in TVL.
An overlooked facet of Baby Doge Coin’s strategy has been its engagement in the multichain space. The community voted on the first multichain destination, and announcements soon followed that Baby Doge would launch on Solana and create bridges to both ETH and BNB. Thanks to these developments, the community passed proposals to renounce the token contract on Ethereum and BNB, suggesting a potential price surge.
However, there are also cautionary flags that potential investors must note. Baby Doge Coin’s Twitter accounts have been hacked, leading to promoting a fake BABYDOGE airdrop. Furthermore, a proposal by the team to burn 5 Quadrillion tokens on BSC caused the coin’s price to plummet. Critiques have construed Baby Doge Coin as a viral meme coin or an elaborate Ponzi, and the anticipated entrance of Memeinator into the market poses an existential risk to the coin.
Baby doge News Analytics from Mon, 07 Jun 2021 05:59:19 GMT to Sat, 03 Aug 2024 10:33:00 GMT -
Rating 5
- Innovation -1
- Information 6
- Rumor -1
