BabyDoge Outperforms Dogecoin, Shiba Inu With 4% Jump Even As Elon Musk's X Induced Rally Cools Down

BabyDoge (CRYPTO: BABYDOGE), a meme cryptocurrency, has witnessed a 4% increase in the last 24 hours, outperforming popular rivals Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB). What Happened: At the time of reporting, BabyDoge was trading at $0.000000001166, while DOGE and SHIB experienced a slight downturn of 0.50% and 1.95%, respectively.

Timeline of Baby-doge-coin

The performance of the top meme coins in the space has mostly mirrored the broader market crash triggered by Bitcoin's decline toward the $25,000 level. However, while all of these digital assets have suffered losses during this time, some have held up better than others, leading to fewer losses on their part compared to their competitors.

Cryptocurrency exchange Hotbit has reportedly executed a significant rug pull, causing severe damage to the Defi project RichQuack, along with Baby Doge Coin (CRYPTO: BABYDOGE) and Dogelon Mars (CRYPTO: ELON) tokens. RichQuack, in a statement on Tuesday, stated Hotbit sold around 256 trillion QUACK tokens that belonged to QUACK holders on PancakeSwap.

Popular meme cryptocurrency BabyDoge suffered a major exploit resulting in a loss of approximately 442 Binance Coins (BNB), equivalent to $100,000. The incident was flagged by crypto security firm PeckShield earlier today.

Dubai-based cryptocurrency exchange CetoEX announced the listing of BabyDoge Coin, a token seen as a competitor to the meme-based cryptocurrencies of the likes of Dogecoin and Shiba Inu, adding more liquidity to this burgeoning cryptocurrency.

More memecoins are diversifying their focus from being just a pure fun token to those with defined utility. Drawing on this, Baby Doge Coin (BABYDOGE) a Shiba Inu rival has launched its Decentralized Exchange (DEX) platform dubbed BabyDogeSwap.

Baby Doge, a popular meme cryptocurrency has announced a groundbreaking proposal to burn 100 quadrillion tokens, through a tweet from its official Twitter account. Groundbreaking 100 Quadrillion Token Burn The initial proposal was submitted for voting by the decentralized autonomous organization (DAO) that governs the project.

BabyDoge, like other meme tokens, started off as a fun project with a loyal following, but it has evolved into a force to be reckoned with in the crypto space. With a strong community that is passionate about the project, BabyDoge has continued to push the boundaries of what is possible with meme tokens.

Many meme coins often explore new ways to introduce a new utility or feature and establish their community as a formidable one in the industry. BabyDoge is one of the prominent meme tokens out there, with an insatiable urge to bring new innovations that can benefit its users, and this time, it is set to launch a 0% transaction fee feature on Ethereum.

Pepe Coin contract has a burn functionality, which will reduce the circulating supply and boost the PEPE price. A project, which has been burning millions of Terra Classic (LUNC) in the last few months, revealed last week that it will burn PEPE and Baby Doge Coin (BabyDoge).

Tarmex, a popular digital asset exchange has announced the listing of two tokens on its platform: Bone ShibaSwap (BONE) and Baby Doge Coin (BABYDOGE). As of May 16th, 2023 at 08:00 UTC, users of the platform can deposit these tokens in preparation for trading.