Baby Doge Coin is doing great but still, its price is falling, Why? Let’s find out.
On Monday, LATOKEN, the leading platform for compliant multi-asset tokenization, declared the listing of Baby Doge Coin (BabyDoge), a meme cryptocurrency that holds real-world utility in its pipeline.
The announcement is made via a tweet by LATOKEN’s official Twitter handle.
— LATOKEN (@latokens) December 27, 2021
Soon after the listing, the coin surpassed an astonishing 1,075,000 holders. According to BscScan data, the current total holder count for the coin stands at 1,078,614.
Looking into the Whalestats data, the top 1000 BNB wallets are holding a total of 45,378,909,896,062 Baby Doge Coins valued at $92,953 USD. Whalestats data track the 1000 largest Binance Smart Chain wallets (the “whales”) and is powered by Etherscan, BscScan, FTMScan, Polygonscan, Coingecko, and Covalent.
Along with the holders’ count, BabyDoge Coin’s Twitter followers also jumped from 623K to 648.4K within the period of 4 days.
The above facts show the coin is gaining popularity and successfully grabbing the investor’s attention day by day.
However, the price of the Baby Doge Coin (BabyDoge) is trading -70.9% down from its all-time high price of $0.000000005890 USD, registered on Jul 04, 2021.
The reason behind this severe downtrend is the Coin Market Cap’s supply verification issue, which the team behind the coin is facing for at least 6-months, exactly when it hit its all-time high price.
The Baby Doge Coin’s team noted via a tweet on Tuesday that the issue seems to be a conflict of interest with the Coinmarketcap team as many projects and exchanges like Crypto.com face similar centralization issues from CMC.
It’s been 6 months+ with no help from @CoinMarketCap team on getting our supply verified, seems to be a conflict of interest with CMC team as many projects and exchanges like @cryptocom face similar centralization issues
Can @cz_binance checkout what’s going on with cmc team?
— BabyDoge (@BabyDogeCoin) December 27, 2021
Recently Crypto.com CEO, Chris Marshalek rebuked CoinMarketCap for providing incorrect information on-exchange trading volumes.