248% Weekly Gains – Baby Doge Coin Continues To Rise As Most Crypto Asset Markets Slump – Markets And Prices Bitcoin News

Four days ago, the crypto community and mainstream audience got a whiff of a new meme-based crypto asset called Baby Doge. The coin received a lot more exposure when Tesla’s Elon Musk tweeted about Baby Doge and the asset’s value skyrocketed almost immediately after the tweet. Musk hasn’t said anything about Baby Doge since, but the value of the crypto asset has continued to rise.

Weekly statistics show that Baby Doge dwarfs most of the crypto-asset market performance

Last week, Bitcoin.com news reported on the cryptocurrency called Baby Doge (BABYDOGE) after Tesla’s CEO tweeted about the coin. At this point, the Baby Doge was up 228.3% in 24 hours on July 1st and the digital currency has continued to make gains for the past few days.

248% Weekly Gains - Baby Doge Coin Continues To Rise As Most Crypto Asset Markets Slump
Ever since Tesla CEO Elon Musk mentioned the Baby Doge coin (BABYDOGE) on Twitter, the crypto asset has been featured in the mainstream media and the currency has doubled in value in four days. The image above is a meme shared by the Twitter handle @babydogecoin which had 109,200 Twitter followers as of July 5, 2021.

The following Monday morning (EDT), Baby Doge lost a whiff of over 2%, but the seven-day statistic shows that BABYDOGE is still up 248.9%. In the past two weeks, Baby Doge has seen a gigantic 723% gain.

Baby Doge drew mainstream media (MSM) attention after the Musk tweet as many publications followed the example of Bitcoin.com News and covered the Baby Doge’s situation. Fool.com, a subsidiary of Motley Fool, asked, “Should you (or someone) buy Baby Doge Coin?” Baby Doge has also been featured in articles from newsrooms like the Indian Times, Futurism, Republic World, Benzinga, Gamerevolution, Techstory, Business Insider, Toysmatrix and others featured.

248% Weekly Gains - Baby Doge Coin Continues To Rise As Most Crypto Asset Markets Slump
The baby dog ​​coin recovered over the past week, collecting 248% in seven days and 723% in 14 days.

The New York Post announced to the public in an article titled “Baby Doge? What you should know about the Dogecoin spin-off that powers Elon Musk. ”Since July 1, the number of trading platforms listing Baby Doge has increased by three centralized exchanges, after initially being available on Pancakeswap.

The meme-based crypto asset is available on Pancakeswap, MEXC Global, XT.com and Lbank. Pancakeswap version one shows Baby Doge has a lot of liquidity with $ 71 million in 24-hour swaps, and version two of the protocol shows more than $ 3 million.

List of Top Meme Token Coins by Market Cap shows other doge-like and muscle-related meme coins on the rise

During our last review, the baby dog ​​coin was traded for 0.000000002014 per unit and has since doubled to $ 0.000000004585 per BABYDOGE. Every time a baby dog ​​transaction occurs people have to pay a 10% fee, but the 5% of the fee is redistributed to each baby dog ​​owner.

The other 5% of the fee 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) has not done as well as Baby Doge lately. DOGE is down 11.4% in the last seven days, compared to Baby Doge’s 248% increase.

248% Weekly Gains - Baby Doge Coin Continues To Rise As Most Crypto Asset Markets Slump
Nowadays there are all kinds of Dogecoin-like and musk-related meme coins as there are tokens like Dogelon Mars, Polydoge, Dogefi, SHIBA BSC and many more. Some of the Dogecoin-like and Musk-related meme coins have seen double-digit gains over the past week.

Now Shiba Inu (SHIB) is up 7.4% today and several other DOGE-like tokens have seen decent weekly gains. One crypto asset called Dogelon Mars (ELON) rose 31% this week and another called Elon Doge Token (EDOGE) rose over 20%. Baby Doge doesn’t have the trading volume of its predecessors SHIB and DOGE, but it’s close. Today Dogecoin (DOGE) records a trading volume of $ 1.3 billion while SHIB has over $ 400 million.

The collective trading volume of the baby doges was around $ 103 million for the past 24 hours. The Baby Doge coin ranks 31st among the dozen of meme coins listed on Coingecko’s aggregation page. Most crypto coin aggregation sites don’t say what 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 the Baby Doge project and the rise of the coin this week? Let us know what you think on this matter in the comments 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, prices , shib, SHIB and DOGE, Stats, Tesla CEO, XT.com

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

Disclaimer of liability: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement for any product, service, or company. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author are directly or indirectly responsible 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.




source https://bidsfor.me/248-weekly-gains-baby-doge-coin-continues-to-rise-as-most-crypto-asset-markets-slump-markets-and-prices-bitcoin-news/

Comments

Post a Comment

Popular posts from this blog

‘Doctor Bitcoin’ pleads guilty to operating an illegal crypto exchange in the US and faces 5 years in prison – regulation Bitcoin News

A Texas man who calls himself “Doctor Bitcoin” pleaded guilty to having operated an illegal cryptocurrency exchange business converting cash into Bitcoin. He faces five years in federal prison. Crypto Exchange Operator pleads guilty The US Department of Justice (DOJ) announced Tuesday that a Texas resident, Mark Alexander Hopkins, pleaded guilty to “illegally engaging in a business converting cash into cryptocurrency.” The 42-year-old man, who calls himself “Doctor Bitcoin,” pleaded guilty to running an unlicensed money transfer company. Acting US attorney Prerak Shah in detail: This defendant ignored federal law and allowed scammers to use Bitcoin to operate under the radar of law enforcement. We are determined to rid the Bitcoin market of anyone who knowingly helps criminal actors hide illegal profits in crypto wallets. Hopkins admitted to running a cryptocurrency exchange business and converting US dollars into cryptocurrency, primarily Bitcoin, for a fee. He also admitted...
Read more

Payments Giant NCR brings Bitcoin trading to 650 US banks and their 24 million customers – Finance Bitcoin News

Payment giant NCR and New York Digital Investment Group (NYDIG) are working together to enable 650 U.S. banks to offer Bitcoin trading to their 24 million customers through their mobile applications. 24 million customers from 650 Main Street banks could soon have access to bitcoin trading New York Digital Investment Group (NYDIG) said Wednesday when 650 banks and credit unions in the US will soon be able to offer Bitcoin trading to their customers via their mobile applications. The Bitcoin option is made possible through a collaboration between NYDIG and corporate payments giant NCR. NYDIG is a bitcoin technology and financial services subsidiary of Stone Ridge, a $ 10 billion alternative asset manager. NCR digital banking president Douglas Brown was quoted by Forbes as saying: We strongly believe in the benefits of crypto and its strategic application. And that goes for our banking relationships, as NYDIG proves, and for retailers and restaurants and the like. Founded in 1...
Read more

These are the 5 Most Expensive Crypto Economics Assets Per Unit – Markets and Prices Bitcoin News

Image
As of July 18, Bitcoin is the most valuable cryptocurrency in US dollars per unit, currently trading for $ 31,693. In addition to all the packaged Bitcoins and synthetic Bitcoin connections, the second highest crypto asset per unit is the longing for financing and the manufacturer follows. Removing market cap positions and looking at crypto assets this way gives a user a completely different perspective. A look at the top digital currencies by unit price At the time of writing, there are only two crypto assets worth five digits and only two worth four. A look at the price of each coin per unit shows how many coins are being traded in certain price ranges. The unit price recorded in this report was recorded at 8:55 a.m. EDT on Sunday, July 18, 2021. The data was collected from the crypto market aggregation sites market.bitcoin.com and coingecko.com. The five most expensive crypto assets per unit include Bitcoin, Long Finance, Maker, Ethereum, and Bitcoin Cash. The per-unit pric...
Read more