By Baby Doge Coin Price Blasts up 40% In 7 Days but Whales Are Accumulating This Other Altcoin —Here’s Why
The continued speculations of the crypto market set to experience its next bull run might just stand true as several crypto assets alongside the Baby Dogecoin saw a 40% upsurge in the past week.
The meme coin, which is one of the many replicas of the more popular Dogecoin, has also gained around 11.65% uptrend outlook in the past 24 hours.
Baby Doge asset might just be the talk of the town following its major gains over the past 7 days. Meanwhile, another meme coin is also stealing the spotlight in the form of Tamadoge.
The play-to-earn (P2E) metaverse concept is on the verge of a tier-1 exchange listing which could significantly place it in the same bracket as DOGE and SHIB.
So what is the buzz about Baby Doge, and is there a future for TAMA?
Baby Doge Blast and Implications
At press time, the Baby Doge token is currently trading at $0.000000003635 with an 11.56% uptrend in the past 24 hours.
The memeFi token has suffered a slow tide over the past month, with its last high tide hitting in February of 2023.
The cute canine-themed token is currently trading at a 24-hour volume of over $40.2 million.
Given this upsurge in interest, its market cap has spiked over $414 million, and its fully diluted market cap sitting in excess of $1.5 billion in the last 24 hours.
This shows a strong potential for this meme coin, given that it only aims to be a much lighter and faster version of the meme king, Dogecoin.
It is a hyper-deflationary token that attributes itself to be an ingenious improvement from the more popular Dogecoin.
Compared to its father, DOGE, the Baby Doge Coin has lower transaction fees, specifically performing better with incredibly low gas fees.
Other distinguishing features of the project include a 10% charge for selling the project tokens and a 5% incentive for long-term hodlers.
This encourages token retention and reduces sellouts. There are wide speculations about the Baby Doge price increase owing to its announcement on Friday.
The Baby Doge project took to its Twitter community to announce its listing in the coming days by a top 5 exchange.
Although no specific exchange would be adding this ERC-20 token to its lineup of crypto asset offerings, this portends great news for the Baby Doge community at large.
As usual, meme coin projects rely on community enthusiasts, and news pumps like Whale tweets and CEX Listings, and the Baby Doge has also enjoyed the benefits.
Whilst this is a welcome development for the meme coin, another such meme coin driving the whales crazy is the Tamadoge token, and this is why.
Tamadoge Set To List On One Of Top 5 Crypto Exchanges
Launched in 2022, Tamadoge is a meme cryptocurrency that also picked inspiration from the success of Dogecoin and Shiba Inu.
The dog-themed project has since broken away from the popular little utility-based approach most meme coins have become known for.
Instead, it is a play-to-earn (P2E) metaverse concept that allows users to play multiple games in its ecosystem using non-fungible tokens (NFTs) as avatars.
In return for interfacing with the project, high-ranking players are rewarded with the TAMA token.
The Tamadoge project is currently making waves following its announcement of a potential tier-1 exchange in the coming days.
According to a tweet, this could be any one of Binance, Coinbase, Bybit, Kraken, or any other of the top 5 cryptocurrency exchanges.
This expectedly has put the TAMA token on overdrive, with the digital asset trading at $0.0139 with a slight uptrend of 0.8% in the last couple of hours.
Already listed on 15 cryptocurrency exchanges and OKX, which is one of the top 10, a top-5 exchange support would significantly broaden the investor base of the meme coin, thereby piloting its price to a nice all-time high (ATH).
The trading volume stands at the $1.8M mark, with a 45% decrease in the past 24 hours.
The asset, however, since its announcement, has seen a surge over the past week with a 23% increase, and sources say this new listing would push the ERC-20 token to 234% in the coming weeks once the listing is done on April 24th.
The token has recorded a series of positive development and is showing signs of promise for the arcade game meme coin.
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Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com
