Baby Doge Coin rose for four consecutive days, reaching a high of $0.0000000028, its highest level since March.
Puppy.fun airdrop ahead
Baby Doge Coin (BABYDOGE), one of the largest meme coins, is up 37% in the last seven days and 250% from its lowest point this year. Its market capitalization has grown from $180 million in January to more than $417 million.
The token's rally began in September when it was listed on Binance, the industry's largest crypto exchange. According to CoinGecko, BABYDOGE's 24-hour volume on Binance was $94.23 million, representing 98% of the total. It was also recently x.com/BiKingex/status/1843160553268883681″ target=”_blank”>listed by BiKinga gaming and cryptocurrency exchange.
The rally coincides with Puppy.fun's upcoming launch and airdrop. While details are scarce, Puppy.fun will likely be the next meme coin generator in its ecosystem.
These generators have recently gained popularity. All of the meme coins generated on Solana's Pump.fun have amassed a market capitalization of over $1.3 billion, while their all time rates The funds raised have amounted to 122.48 million dollars. All Sun Pump tokens have a market cap of over $366 million.
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While Baby Doge Coin is a meme coin, developers have worked to create a utility for the token. BabyDogeSwap DeFi launched platform, where users can exchange, earn and buy nfts. According DeFi CallBabyDogeSwap has a total value locked of over $2.14 million.
The BABYDOGE token has also rallied amid rumors that it will be x.com/SilvexPhoto/status/1843892591118716948″ target=”_blank” rel=”nofollow”>list by Coinbase, and that developers will expand it on Solana (SOL) and other chains.
Baby Doge Coin Price Flipped Key Resistance
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The daily chart shows that the BABYDOGE token rose in September after listing on the Coinbase exchange. Before that, it had formed a falling wedge pattern, a popular bullish reversal indicator.
It formed a golden cross pattern on September 27 when the 50-day and 200-day moving averages crossed. In most cases, an asset continues its uptrend after forming a golden cross.
Baby Doge Coin crossed the important resistance point of $0.0000000027, its highest point on September 28. Therefore, a move above the October 9 high of $0.0000000028 could signal further upside.
