Baby DogeCoin (BabyDoge) reached another milestone as it is listed as top 10 Binance Smart Chain (BSC) projects in 2022 by CoinMarketCap (CMC).
The top 10 list is prepared after reviewing thousands of projects and tokens already deployed on the BSC.
The list recently released by CMC also includes Binance Coin (BNB), PancakeSwap (CAKE), Chainlink (LINK), Venus (XVS), Swipe (SXP), Tranchess (CHESS), CryptoBlades (SKILL), MOBOX (MBOX), and BSCPad (BSCPAD).
It seems surprising that BabyDoge, a meme coin, made it to the list. This article will try to explain a few reasons that might have forced CMC to include BabyDoge into their top 10 Binance Smart Chain projects list for 2022.
- Trending on Twitter:
Since the start of the New Year 2022, BabyDoge seems to gain massive popularity – especially the fans of meme coins are happy to engage with the token.
BabyDoge is also maintaining its trending streak on Twitter. As a result, the number of followers for the official Twitter handle of BabyDoge seems to increase at a rapid pace.
Since the last report published by TheCryptoBasic, the number of followers for the token jumped from 907.2K to 914.2K in just 24 hours.
- Over 1.3 Million Holders:
Additionally, BscScan data reveals that BabyDoge has recently achieved an astonishing 1.3M holder’s milestone. To be precise, 1,368,233 accounts are holding BabyDoge at the moment.
- BNB Whales’ Craving:
At the same time, WhaleStats is reporting that the top 1000 BNB wallets are holding 937,343,883,700,593 of Baby Doge Coins, worth $3,970,173.
- Hyper-Deflationary:
Being a hyper-deflationary meme coin, BabyDoge is also performing massive burns from time to time.
On Tuesday, the official Twitter handle of BabyDoge revealed that 4.8 Quadrillion tokens worth $20 million had been burned, reducing the total supply in circulation from 164 Quadrillion to 159.278 Quadrillion tokens, as per the data provided by CoinGecko.
Formerly on January 2, Baby DogeCoin had confirmed the transaction of 5 Quadrillion Baby Doge Coins estimated at $11.50M to the burn wallet.
From the above data, one can easily conclude that Baby DogeCoin is the most popular meme-coin on Binance Smart Chain and the most widely distributed asset on BSC.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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