Thursday, September 29, 2022
HomeCrypto NewsMarketHere’s Why Baby Doge Coin (BabyDoge) Is Soaring Over 13% Today

Here’s Why Baby Doge Coin (BabyDoge) Is Soaring Over 13% Today

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Binance Smart Chain (BSC) Whales are acting as a tailwind for Baby Doge Coin (BabyDoge) today.

Baby Doge Coin (BabyDoge) surges over 13% for the day to the price of $0.000000003078 USD as it becomes one of the top 10 purchased tokens by 1000 biggest Binance Smart Chain (BSC) wallets in the last 24 hours, as per data provided by WhaleStats.

Technically, BabyDoge price reached its critical support level of $0.000000002731 USD on Thursday. The price tried to breach the level as the price reached $0.000000002496 USD and then rebounds rapidly from there keeping the support level safe for now.

Overall the BabyDoge price is trading in a downtrend. The downtrend for the canine-themed meme coin starts after it registered its all-time high (ATH) price of $0.000000006345 USD on January 16, 2022, i.e., about one month ago. The price till now plunges -50.7% from there.

Looking at the data provided by CoinGecko, we found that the currency has been underperforming for the last 30 days and is down -23.5% for the month, -18.9% for the last 14-days, whereas 1.5% up on weekly basis.

On the other hand, Indonesian investors are keeping an eye on BabyDoge nowadays, as it appears to be the second most trending coin in Indonesia according to the recently shared list of top trending currencies by CoinGecko.

The coin’s official Twitter handle also has surpassed 1 million followers.

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Mark Brennan
Mark Brennan
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.


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