BabyDoge Displays the Power of Community – Token Doubles Price While Cryptos Retract By DailyCoin

    BabyDoge Displays the Power of Community – Token Doubles Price While Cryptos Retract

    Despite the original meme coin – – being over eight years old, meme coins only gained massive attention in 2021, as , as it rallied by 49,000,000% in 2021.

    The astonishing SHIB rally was backed by one of the most active communities – the Shiba Army. Following this blueprint, a host of Shiba Inu-inspired tokens with little inherent value was born.

    BabyDoge, one of the many Shiba Inu-inspired tokens, has once again displayed the power decentralized gives to the people, showing that pupcoins were not left in 2021.

    BabyDoge Doubles Price in 2022

    Earlier this week, the BabyDoge community took to Twitter (NYSE:) to advise would-be investors to get on the BABYDOGE rocket before it takes off.

    The swaths of community support paid off, with the number of BabyDoge holders having hit a record 1.15 million, surpassing the number of Shiba Inu holders. The token also reached impressive highs in trading volume as more users turned to the meme coin.

    Following a BabyDoge Tweet, its community turned to the Binance MyCryptoWish campaign to list BABYDOGE on its platform, where several rival meme coins like DOGE and SHIB have been listed.

    The buzz caused BabyDoge to trend on Twitter and created traction for BABYDOGE to build a solid start to January. Year-to-date, the token has gained 117%, making it one of the best-performing digital assets of the year.

    The five days price chart of BabyDoge. Source: Tradingview

    On the Flipside

    • Despite its recent rally, BABYDOGE is still down by more than 30% from its all-time high.

    Why You Should Care

    Not only did BabyDoge double its price on January 10, but the meme coin also flipped to become the most traded token among the 1,000 richest Binance Smart Chain (BSC) wallets. This further displays how much a community can achieve.


    Join to get the flipside of crypto

    Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.

    You can always unsubscribe with just 1 click.

    Continue reading on DailyCoin

    Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

    Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

    Source link