Fundamentally, Baby Doge Coin has all the tools to explode. The BSC-native meme coin has soared by over 46% this week. But will this momentum continue, and will it flip Ethereum’s Mog Coin next?
This would cause a huge stir, given that Mog Coin is one of Ethereum’s top five meme coins.
Baby Doge Coin’s bullish momentum began in September when Binance listed it for spot trading.
In the past month, its price is up 194%, underscoring the importance of tier-1 centralized exchange listings, which open cryptocurrencies to more investors and liquidity. This can be especially beneficial in a bull market.
Meanwhile, Binance has yet to list Mog Coin for spot trading. Should it remain as is, then it’s a big upper hand for Baby Doge Coin.
That said, we must also consider the possibility of Binance listing Mog Coin, which would level the playing field between the two.
Moving to on-chain metrics, Baby Doge Coin has a huge lead. According to BSCScan, it boasts a staggering 1.8 million holders. Meanwhile, Mog Coin has just 32K holders.
Similarly, the Baby Doge Coin X has 2.6 million followers, while the Mog Coin X has 83K followers.
Meme coins are primarily community tokens, so in practice, a meme coin’s price should reflect its community’s strength.
Based on that, it seems that Baby Doge Coin is significantly undervalued compared to Mog Coin, something which may change with the incursion of its Binance listing.
Baby Doge Coin also focuses on utility, with this week’s 46% pump occurring due to the forthcoming release of its new product Puppy.fun, a meme coin trading app similar to Solana’s Pump.fun.
Currently, Mog Coin’s market cap is around $100 million higher than Baby Doge Coin’s.
Based on fundamentals, there’s every chance that Baby Doge Coin flips Mog Coin – but where could its price end up?
Analyst Cryptoknight890 targets $0.0000000045, approximately a 2x from its current price of $0.0000000027.
Cryptoknight890 highlights that BabyDoge has reclaimed a support/resistance level, which signals a shift in momentum to bullish.
Meanwhile, CCH Crypto Signals looks toward $0.0000000038, which is just shy of a 2x.
The analyst notes that BabyDoge is trading in an ascending wedge but anticipates a break to the upside on the next resistance retest.
Given Baby Doge Coin’s huge community, Binance listing, and upcoming trading app launch, Cryptoknight890’s $0.0000000045 price target seems plausible for the next leg up.
Indeed, the main thing providing confidence to traders is its huge community. As its price rises, these community members could begin buying more, causing exponential growth.
This is why community is key for meme coins and also why the new presale token Flokerz is currently thriving.
Flockerz is a new meme coin that will be 100% controlled by its community.
It’s currently undergoing a presale, ensuring a fair distribution of tokens at a fixed price to all those who want to be involved. The presale has raised $570K so far.
The project will be controlled by FlockTopia, the world’s first Vote-to-Earn decentralized autonomous organization (DAO).
In practice, this means that users can vote on every decision relating to the project’s future and will be paid for it.
The DAO will be completely decentralized and guaranteed by Ethereum’s robust security. However, investors can also buy the $FLOCK presale on BSC.
Most meme coins are led by a centralized team, so Flockerz is a breath of fresh air.
By putting the power in the community’s hands – and paying them – Flockerz is setting the pace for other meme coins in terms of governance.
This has already drawn massive attention. Analyst Jacob Bury recently said it can 100x.
However, Bury also underscored that investors could generate even more gains via staking, which is live in the presale and offering a 3,197% APY.
The current Flockerz presale price is $0.005724, but this will rise later today.
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