Baby Doge Coin (BabyDoge) has gone through an impressive surge recently. The cryptocurrency made headlines as its price reportedly increased by approximately 15% after a new DAO proposal aimed to eliminate transaction taxes. BabyDoge has secured listings on top exchanges, including KuCoin. Its presale for a P2E Doge-themed game reached a remarkable $4 million. To expand its gaming reach further, BabyDoge has partnered with Yescoin. The partnership would also soon result in a Telegram game. Following these developments, BabyDoge's price rallied, gaining 20% in 24 hours, and outshines other contenders such as MoonBag and AVAX.
Much like other meme coins, BabyDoge has been innovative in its approach. It recently announced a revolutionary burn event in collaboration with Chirpley. The coin is also preparing to launch on the Solana network, thereby establishing bridges to ETH and BNB. Its team has unveiled a virtual crypto card for global online and in-person purchases.
An increase in token supply often correlates with a price slump. But BabyDoge has managed to stay ahead. It proposed burning 5 quadrillion tokens, which was supported by the community, despite a previous CoinEx hack causing significant losses for holders. The coin reached a new milestone, causing a considerable rise in its asset price. The coin also debuted a chess game on the BNB chain's testnet. Despite the turbulence in the market, BabyDoge has remained a reliable alternative.
There is, however, some bearish sentiment attached to BabyDoge. The coin has been locked in a frenzied competition with other rising cryptocurrencies. These events might negatively impact its price, emphasizing the importance of due diligence while investing.
Babydoge News Analytics from Mon, 07 Jun 2021 05:59:19 GMT to Sun, 30 Jun 2024 12:39:00 GMT -
Rating 8
- Innovation 6
- Information 9
- Rumor 2
