Clone of Dogecoin, BabyDoge, has finally gotten one of its important metrics verified by CoinMarketCap
The official Baby Doge Coin Twitter account, ranked 229th, tweeted that the coin had reached a milestone thanks to CoinMarketCap. Now, potential and current investors and traders will be able to get more data on this same cryptocurrency and monitor important metrics related to it.
Circulating supply verified
CoinMarketCap has finally verified its circulating supply, which is 153,207,172.17 billion meme coins.
The team behind the BabyDoge account admitted that this verification came after almost a year.
This clone of the original meme crypto, Dogecoin, has been doing well recently. As covered by U.Today earlier, it has been growing by a high percentage unlike other coins, which have been floating in the red or rising in price very slowly.
Crypto market upgrade
In the 24 hours between June 15 and June 16, Dogecoin soared 23%. Having already lost some of these gains, the price is still up 10% from the low the coin hit on June 15th.
However, BabyDoge remains 94.09% under the historic peak of $0.00000002 it set on July 4 last year.
Mass token burns and new adoption
BabyDoge also marked a series of adoption milestones recently. It was listed on CoinTiger, a major centralized trading platform in Singapore. Trading started today and BabyDoge has been adopted for crypto payments by NOWPayments and Switchere.
Besides, on June 14, a whopping 2,616,955,024,119 BabyDoge were removed from the circulating supply through burning. Prior to that, during the first two days of this month, the BabyDoge community burned more than two times the coins—six quadrillion of them.
Engraving helps reduce the supply of a coin in circulation, potentially allowing it to increase in value in the future as it becomes scarcer.
