BabyDoge up 8% while rest of market is underwater
While the whole market was trying to get out from under the concrete slab that had collapsed on it due to the extremely negative events of the past few days, BabyDoge, a clone of the popular memecoin DOGE, was gaining momentum and managing to make its proofs better than the whole market.
During the 24 hours from June 15 to 16, the coin demonstrated growth of almost 23%. Now, after a certain correction, BabyDoge has returned some of the growth, but it is still quoted 10% above its June 15 bottom. What prompted investors to buy BabyDoge so actively during the raging storm on the cryptocurrency market? Or maybe some tricky marketmaker prevented the coin from crashing down with its colleagues, SHIB and DOGE?
Day in the life of BabyDoge
In fact, BabyDoge’s period of success began a week ago, when the token became a valid asset that can be used to pay for goods using the NOWPayments and Switchere platforms. Then, on June 15, it was reported that BabyDoge had become one of the most actively used smart contracts on the BNB Chain network and landed in ninth place in the top 10 most bought coins by crypto whales. -change.
The final touch of the last few days was the listing of BabyDoge on Singapore’s major centralized exchange, Coin Tiger. The trading of the token paired with USDT began today, June 16.
It seems the cumulative effect of all the news and big announcements has kept BabyDoge from sinking with the rest of the market and is keeping it afloat for now. A busy day in the life of an ambitious memecoin.
