248% Weekly Gains Baby Doge Coin Continues To Rally As Most Crypto Asset Markets Crash – Bitcoin Planet Markets And Prices

[ad_1]

Four days ago, the crypto community and the general public had a whiff of a new memes-based crypto asset called baby doge. The piece garnered a lot more attention when Tesla’s Elon Musk tweeted about baby doge and almost immediately after the tweet, the asset’s value skyrocketed. Musk hasn’t said anything about baby doge since then, but the crypto asset has continued to rise in value.

Weekly Statistics Show Baby Doge Outperforms Most Crypto Asset Market Performance

Last week, Bitcoin.com News reported on the cryptocurrency called baby doge (BABYDOGE) after the CEO of Tesla tweeted about the coin. At that time, baby doge jumped 228.3% in a 24-hour period on July 1, and in the last few days, the digital currency continues to gain traction.

Since Tesla CEO Elon Musk mentioned the baby doge coin (BABYDOGE) on Twitter, the crypto asset has been the subject of mainstream media coverage and the currency has doubled in value in four days. The image above is a meme shared by the @babydogecoin Twitter account which has 109,200 Twitter followers on July 5, 2021.

The following Monday morning (EDT), baby doge fell just over 2%, but seven-day statistics show BABYDOGE is still up 248.9%. Over the past two weeks, the baby doge has seen a 723% gain in the size of a mammoth.

Baby doge gained the attention of the mainstream media (MSM) after Musk’s tweet, as many posts followed Bitcoin.com News’ lead and reported on the baby doge situation. Fool.com, a subsidiary publication owned by Motley Fool asked, “Should you (or anyone) buy Baby Doge Coin? Baby doge has also been featured in articles published by news outlets like Indian Times, Futurism, Republic World, Benzinga, Gamerevolution, Techstory, Business Insider, Toysmatrix, etc.

The Baby Doge coin has risen over the past week, rallying 248% in seven days and 723% in fourteen days.

The New York Post introduced the baby doge to the public in an article titled, “Baby Doge?” What you need to know about the Dogecoin spin-off that Elon Musk is touting. Since July 1, the number of trading platforms listing baby doge has increased by three centralized exchanges after its initial availability on Pancakeswap.

The memes-based crypto asset is available on Pancakeswap, MEXC Global, XT.com, and Lbank. Pancakeswap version 1 shows baby doge has a lot of cash with $ 71 million in 24-hour trading and protocol version 2 shows over $ 3 million.

List of best token tokens by market cap shows other doge-like and musk-related coins on the rise

In our last report, the baby doge coin was trading for $ 0.0000002014 per unit and has since doubled to $ 0.0000000004585 per BABYDOGE. Every time a baby doge transaction occurs, people have to pay a 10% fee, but the 5% fee is redistributed to each baby doge holder.

The remaining 5% taken from the fees is added to the BABYDOGE / BNB liquidity pool hosted on Pancakeswap. According to Coingecko’s Top Meme Tokens Coins by Market Capitalization list, dogecoin (DOGE) hasn’t done as well as baby doge lately. DOGE is down 11.4% in the past seven days from baby doge’s 248% rise.

Nowadays there are all kinds of dogecoin and Musk-like coins like tokens like Dogelon Mars, Polydoge, Dogefi, SHIBA BSC and many more. Some of the dogecoin-type and Musk-related coins saw double-digit gains last week.

Now shiba inu (SHIB) is up 7.4% today and a few other DOGE-like tokens have seen decent weekly gains. A crypto asset called dogelon mars (ELON) jumped 31% this week and another called elon doge token (EDOGE) jumped more than 20%. Baby Doge doesn’t have the trading volume seen by its predecessors SHIB and DOGE, but it is close. Today, dogecoin (DOGE) captures $ 1.3 billion in trading volume while SHIB has over $ 400 million.

The collective baby doge trade volume over the past 24 hours has been approximately $ 103 million. The Baby doge coin occupies the 31st position among dozens of meme coins listed on the Coingecko aggregation site. Most crypto coin aggregation sites don’t say what the baby doge’s market cap is today, but four hundred and twenty quadrillion times 0.000000004585 is roughly $ 1.925 billion.

What do you think of Project Baby Doge and the rise of the coin this week? Let us know what you think of this topic in the comments section below.

Tags in this story baby doge asset, BABYDOGE, BABYDOGE / BNB, bnb, CoinGecko, Crypto Asset Market, Doge, Elon Musk, Lbank, Mainstream Attention, Markets, Meme Tokens, Memes, MEXC Global, Motley Fool, msm, New York Post , Pancakeswap, Price, shib, SHIB and DOGE, Statistics, Tesla CEO, XT.com

Image credits: Shutterstock, Pixabay, Wiki Commons, Coingecko, twitter.com/BabyDogeCoin/status/1410539002319474691?s=20,

Disclaimer: This article is for informational purposes only. This is not a direct offer or the solicitation of an offer to buy or sell, nor a recommendation or endorsement of any product, service or business. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or allegedly caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

[ad_2]