Baby DogeCoin gained a significant percentage of its value today, breaking the broad direction of the crypto market while also outperforming most of its peers in terms of momentum.
Baby Doge Coin’s price soared nearly 74.3% from its swing low of $0.0000000012 to a high of $0.000000002187, according to CoinGecko. Followed by this surge, a retracement made the token settle at $0.000000001955.
Surprisingly, the price has again started an uptrend, it is now trading at $0.000000002193 up by 2.6% in the last 24 hours. However, the coin’s market cap is a mere $4.7 million, making it extremely volatile.
BabyDoge is one of the many Dogecoin offshoots present in the market. While most of the monikers haven’t come close to Dogecoin’s trajectory Baby Doge is now defying odds.
Baby Doge’s success is all thanks to the connoisseur of meme coins Elon Musk. A shoutout from the eccentric businessman in his tweet on July 1st has driven the token to glory.
The Baby Doge Twitter community currently has 147,200 followers, which is a remarkable achievement for a project that was just two months old when it was introduced on Binance Smart Chain.
In case you are wondering how the OG meme coin is doing, Its price action apparently is positive and recovering. As the entire market is recovering its losses, Dogecoin has also followed suit.
After trading at a 24 hour low at $$0.160620, Doge rose to $0.181909. Currently, it has retraced a bit but is still on an uptrend. The token is now trading at $0.178171.
Ahead of “The B-word” event, where Twitter CEO Jack Dorsey and Elon Musk are scheduled to have a discussion. Dogecoin holders expect to get a positive affirmation from the billionaire to pump the Doge price higher.