In the world of cryptocurrencies, Baby Doge Coin (BABY DOGE) has been a standout performer, attracting substantial profits for its investors. This meme coin has been making headlines recently due to its impressive gains in the market. Coingecko's data shows that in the last 24 hours alone, BABY DOGE recorded a remarkable 20.1% gain, making it the highest percentage increase compared to all other meme coins during the same period.
The performance of BABY DOGE in the market over the last seven and 30 days has been nothing short of remarkable, gaining 51.3% and 59.5%, respectively. But what's most impressive is that since the beginning of the year, the MemeFi project has grown by over 300%, quadrupling its market price in the process.
It's not just enthusiasts who are taking note of BABY DOGE's impressive performance. The meme coin has recently broken into the top 100 cryptocurrencies based on market cap, according to Coingecko. This latest feat is an excellent indicator of just how popular BABY DOGE is becoming in the crypto world.
Currently, BABY DOGE has a total daily trading volume of $33.8 million and a market cap of $564.8 million. To put that into perspective, the token trades at approximately $0.000000003701 per unit, with 160 quadrillion tokens currently in circulation.
What Is Behind BABY DOGE’s Current Rise?
BABY DOGE has been able to climb even further due to a recent announcement by the developer team. They took to their official Twitter account to share that BABY DOGE will soon be listed on one of the top five exchanges in the world.
As per CoinMarketCap, the top five crypto exchanges include Binance, Coinbase, KuCoin, Kraken and Bitfinex, all of which are highly reputable in the crypto world. The announcement has sent the entire Baby Doge Army into a frenzy, with most hoping for Binance to be the exchange of choice. Regardless of which exchange ultimately lists BABY DOGE, it will be a monumental moment for the meme coin.
Baby Doge is only supported on several popular exchanges like Gate.io, Bybit and OKEx. However, once it gets listed on one of the top five exchanges, BABY DOGE will see a substantial increase in trading volume and price. This makes the upcoming listing the most significant development for the coin, which has gained immense popularity since its launch. With this exciting news, investors await eagerly to jump on the BABY DOGE bandwagon, further propelling the meme coin to new heights.
BABY DOGE, The Next Big Thing?
Baby Doge Coin has emerged as a new cryptocurrency that draws inspiration from Dogecoin, the renowned meme token. Unlike other meme coins that solely rely on community participation and celebrity news to soar in price, Baby Doge aims to establish a robust ecosystem that fuels its growth.
The Baby Doge Swap is a decentralized exchange that operates on the BNB network and plays a critical role in expanding Baby Doge's utility. It enables users to purchase, farm, stake, earn and spend Baby Doge Coin. This diversified range of functionalities differentiates Baby Doge from most meme coins, making it a more versatile option for investors.
The phenomenal success of Baby Doge is reflected in the massive growth of Baby Doge Swap's total value locked (TVL), which has skyrocketed by 114% since the start of 2022 according to Defillama's data. At present, Baby Doge Swap occupies the fourth position among decentralized exchanges, boasting a TVL of $60.69 million.
These remarkable feats not only demonstrate the growing popularity of Baby Doge but also affirm the potential of its ecosystem. As the cryptocurrency market continues to evolve, it's no exaggeration to say that Baby Doge is paving the way for a new generation of meme coins that prioritize functionality and innovation above everything else.