Binance Smart Chain Whales Switch from ETH to Baby Doge

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According to WhaleStats, an analytical resource that tracks the behavior of large cryptocurrency holders, on Monday, January 10, the volume of trading in the Baby Doge meme token (BABYDOGE) grew by almost 17% and exceeded the trading volume of the second largest cryptocurrency, Ethereum (ETH).

However, Baby Doge’s triumph was short-lived, and at the time of writing, Ethereum took over the leadership again.

Baby Doge Coin ranks 148th in the cryptocurrency rating. The market capitalization of the coin is approaching $ 618 million, and the average daily trading volume is around $ 37 million. In total, the project has issued 420 quadrillion coins, but slightly less than half is in circulation – 245.8 quadrillion. The project was originally built on top of Binance Smart Chain. The coin is also sold on various decentralized platforms including Uniswap.

The current price of Baby Doge Coin is $ 0.000000003722. Over the course of the day, the meme token has risen in price by 6.5%, and over the past 14 days, the growth rate has exceeded 85%. Despite the upward trend, BABYDOGE is still 36% below the all-time high reached on July 4, 2021 at $ 0.000000005890.

Earlier, the editorial staff of BeInCrypto reported that BABYDOGE has overtaken Shiba Inu (SHIB) in terms of the number of users. Fundamentally, this indicator helps to determine the pace of development of the project and the degree of its popularity.

Baby Doge Coin is a meme coin, so its value is directly related to popularity in the community. The more users, the more reliable the project support and the higher the chances of surviving unfavorable periods of high volatility.

Baby Doge Coin is currently listed on OKEx and Gate.io. However, holders are hoping to see the coin on Binance, as well as among the available products on Robinhood.

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