A new cryptocurrency launched in 2022 has captured a market cap of USD 1.6 billion. With its growing popularity, will it be able to replace existing premium digital coins like Dogecoin, Shiba Inu and Bitcoin?
The New Year 2022 witnessed the creation of a Dog coin, or, more accurately, a puppy coin known as BabyDoge. It is similar to Shiba Inu (SHIB) and Dogecoin (DOGE). The pup currency is acquiring a massive following and its popularity is rising.
According to whale statistics, BabyDoge has achieved a new record for followers’ count. The charming puppy currency has surpassed 1.3 million holders. In addition, the coin has grown by 10 per cent in the previous 24 hours. In the recent developments, Baby DogeCoin hit an all-time high price of USD 0.000000006345 on January 16.
The market cap has also increased to USD 1.6 billion. According to Coinmarketcap, the coin is presently trading at USD 0.000000006116. According to Whalestats, the top 1000 BNB accounts contain 976 trillion BabyDoge Coins, which are presently worth USD 5.8 million.
Another cryptocurrency exchange, CoinEx also announced its listing and made the BABYDOGE/USDT pair live for trade.
The popularity of the new token may be figured out from its official Twitter account which has 802.7K followers within a short time. It is also the most trending subject on Twitter in the tech industry, with 183K tweets.