In July, BABYDOGE rose to fame after Elon Musk included the coin in a tweet containing words of a famous children’s song. The mention by Musk created much buzz for the coin, where its value spiked massively. The coin that had launched barely a month before the tweet became a huge sensation in the crypto sector.
BABYDOGE is trading at $0.000000001608 after a 3.4% gain in 24 hours.
BABYDOGE Price Analysis
Baby doge’s volatility has slowed down this month. After reaching an all-time high on July 5 after Elon Musk’s tweet, the altcoin has failed to push to higher levels, and it has shown signs of stagnation.
The market has been making incredible gains over the past two weeks following a recent bullish sentiment. However, BABYDOGE has failed to register with these gains, and instead of creating new highs as most altcoins have done, its current value is an almost 30% decline weekly.
Nevertheless, baby doge has shown signs of recovery in the past 24 hours after making slight gains. If the uptrend maintains, we could see the altcoin heading to the next resistance of $0.0000000022 created on August 10. For the coin to reach and surpass its all-time high of $0.00000000589, it needs to make an uptrend of over 75%.
Baby dogecoin’s gains in the past 24 hours are attributed to the recent listing by OKEx. OKEx is one of the largest cryptocurrency exchange platforms, and listing baby doge slightly impacted the coin, as its price surged 25% shortly after. However, baby doge failed to maintain the uptrend and retreated shortly after.
Where to Buy BABYDOGE
If you want to buy baby doge, you can create an account on the following platforms:
One of the platforms where you can buy baby doge is eToro. eToro is a social copy trading platform, hence as a new trader, you can use eToro to gain trading strategies that will help you make profits.
OKEx recently listed baby doge for spot trading. As one of the largest exchange platforms, OKEx supports a wide range of cryptocurrencies and trading pairs. OKEx also charges low trading fees and commissions.
Credit: Source link
