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Baby Doge Coin ($BABYDOGE) is up 21% in the last seven day as it approaches first year sine launch

As BNB Chain Powered Baby DogeCoin ($BABYDOGE), one of the most popular meme-based crypto projects (with over 1.4 million followers on Twitter), celebrates its first birthday on Wednesday (June 1), its price is up 5% in the last 24 hours, and both its on-chain and social metrics continue to show strength.

What Exactly Is the Baby DogeCoin ($BABYDOGE)?

If you are unfamiliar with Baby Doge ($BABYDOGE), here is an overview from its white paper:

“Launched in June 2021, Baby Doge Coin one of the fastest-growing community in crypto memes. Baby Doge is on a mission to bring crypto to the average person while also helping save dogs in need. Baby Doge is built on Binance smart chain with extremely fast 5 second block times and cheaper gas fees than Ethereum.

“Baby DogeCoin has learned a few tricks and lessons from his meme father, Doge. New crypto birthed by fans of the Doge Meme online community. Baby Doge seeks to impress his father by showing his new improved transaction speeds & adorableness. He is Hyper-deflationary with static reflection that rewards holders, so more baby doge coins are being automatically added to your wallet each transaction.“

Elon Musk, the CEO of SpaceX and Tesla and a big supporter of Dogecoin ($DOGE), tweeted one month after Baby Doge was born:

“Baby Doge, doo, doo, doo, doo, doo,
Baby Doge, doo, doo, doo, doo, doo,
Baby Doge, doo, doo, doo, doo, doo,
Baby Doge”

The Price Movement of $BABYDOGE

According to CoinGecko data, $BABYDOGE is presently trading around R0,00000029 on the crypto exchange OKX (as of 2:44 p.m. UTC on June 1). $BABYDOGE is the 151st most valuable crypto asset by market cap, with a market valuation of roughly R4.8B.

As you can see, the return-on-investment (vs USD) values for $BABYDOGE for the last 24 hours, 7 days, and 14 days are +4.9 %, +21.2 %, and +94.3 %, respectively.
As of 10:02 a.m. UTC on June 1, 192,823,069,791,148,128 $BABYDOGE tokens (45.910 %) of the initial supply of 420,000,000,000,000,000 had been burned.

Achievements of $BABYDOGE

Earlier morning, a member of the $BABYDOGE community tweeted this infographic that aggregates several fascinating statistics:

“In the past 24 hours, 29,705,273,749,444 (~$56,945) #BabyDoge tokens have been burned. So far, 192,823,069,791,148,128 #BabyDoge tokens (45.910%) have been burned from the initial supply of 420,000,000,000,000,000”.

Baby Doge Coin ($BABYDOGE) is up 21% in the last seven day as it approaches first year sine launch

Nonhlanhla P Dube

Nonhlanhla P Dube is a senior news reporter at Rateweb. Nonhlanhla is a student of International Relations at the University of South Africa. She reports primarily on personal finance and economics. You can contact her directly by email at [email protected]

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