Canadian Biggest Exchange Biconomy Global Makes Baby DogeCoin (BabyDoge) Available For Trading On Its Platform.
Baby Doge Coin, along with investors, also gathers attention from popular centralized cryptocurrency exchanges (CEXs).
Biconomy Global, one of the biggest Canadian cryptocurrency exchanges, has recently announced the listing of BabyDoge on its platform for trading. The exchange has reportedly opened its trading, deposits, and withdrawals feature for the coin at 11:00 UTC.
New Listing on #BiconomyExchange? #Biconomy will list @BabyDogeCoin #BABYDOGE / #USDT trading pair today?
✅Trading, deposits, and withdrawals will be available at 11:00 UTC
?Join us, @BabyDogeCoin army https://t.co/dYa7UXeMQQ?#DOGE #BabyDogeArmy #BabyDogeCoin #Bitcoin pic.twitter.com/XaMsH5MD09
— Biconomy Global (@Biconomy_Global) February 8, 2022
Biconomy Global is considered one of the biggest Canadian cryptocurrency exchanges, which serve 300k+ users worldwide, has a Twitter following of 100k + community. Biconomy had a 24-hour trading volume of $558 million, according to Coinmarketcap. which shows the significance of the exchange.
The listing on Biconomy Global doesn’t seem to help Baby Doge Coin’s price. At the time of writing this news, BabyDoge price is trading at $0.00000000399 per coin, showing a decrease of 6.7% from the previous trading day. The 24-hours trading volume for BabyDoge also seems to reduce 32.58% to $15,203,739.41 compared to the previous trading day.
Baby Doge Coin is one of the most trending coins on Twitter these days, as the coin is continuously reducing its supply by burning a quadrillion of coins. Since the start of the New Year 2022, BabyDoge has burned a total of 9.8 Quadrillion tokens worth $31.5 million.
The first burn took place on January 2, as BabyDoge wanted to celebrate New Year 2022 with its community and gift members something special. At that time, Baby Doge Coin confirmed the burning of 5 Quadrillion Baby Doge Coins, estimated at $11.50M.
Later, another burn of 4.8 Quadrillion tokens worth $20 million took place on the first day of February 2022.
Along with this burning in play, BabyDoge also comes up with an inbuilt deflationary mechanism that is burning millions of coins per day.
Combining the above burn and the burning, which occur through the inbuilt deflationary mechanism of BabyDoge, the meme token has managed to reduce 180 Quadrillion tokens (42.5%) till now, from its initial massive total supply of 420 Quadrillion tokens.
The current circulating supply for BabyDoge is standing at 159.278 Quadrillion tokens, as per data provided by CoinGecko. Still, the circulating supply is vast, and a considerable amount is left to reduce to make the price of meme coins more valuable.
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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