⇑ Babydoge: A Bulldog in the Crypto Market or Just Another Meme Coin?

Baby Doge Coin (BABYDOGE), the meme-token, has seen a price surge of 15% upon suggesting to eradicate transaction tax. The BABYDOGE community is pushing towards this new DAO proposal to enhance token liquidity and foster growth. The coin has also announced partnerships with other firms for expansion in crypto gaming. BABYDOGE also revealed an AI-powered NFT platform and has stepped into the gaming sector with a Telegram-based interactive game. Additionally, it amassed over 1.5M users within just 24 hours of its game launch on Telegram. There is speculation about the probability of a Binance listing for BABYDOGE, thus affecting the market price positively.

BABYDOGE cautioned its investors regarding a phishing scam, drawing attention to the hack that happened on CoinEx, costing the holders around $2-3M. Despite this, BABYDOGE price rallies with credit going to its plans of listing on top-tier exchanges like KuCoin and Bybit, thereby inviting a stream of new investors. Furthermore, the BABYDOGE team announced its extension to Solana, aiming to establish bridges to ETH and BNB, and the community has also backed proposals to renounce the current token contract on Ethereum and BNB Chain.

Still, the meme coin has its critics who caution the coin's potential downfall, calling it underwhelming and warning investors about the volatile market. Regardless, BABYDOGE has successfully locked in over $10M in tokens and is nearing $60M in Total Value Locked (TVL), reflecting a positive sentiment around the coin.

Babydoge News Analytics from Mon, 07 Jun 2021 05:59:19 GMT to Wed, 24 Jul 2024 13:50:31 GMT - Rating 8 - Innovation -5 - Information 7 - Rumor 5