Meme coins like BabyDoge Coin, Floki Inu, and others have started taking over the crypto space. As a result, platforms from across the globe have been onboarding these assets. In a similar attempt, Simplex, a payments company, chose to back BabyDoge in a similar endeavor.
The BabyDoge network said last week on Twitter that an announcement will be made on Monday. Following up on it, the network announced that it had entered into a partnership with Simplex.
With this latest collaboration, the network would be able to allow users to purchase the meme coin with their debit or credit cards. Users can reportedly buy BabyDoge with their respective cards on the network’s official website.
The network tweeted,
Simplex currently hoards over 129 crypto assets and 99 fiat currencies. Therefore, the latest integration could open up new doors for the meme coin.
BabyDoge Coin among top crypto assets with highest social engagement
As the meme coin craze continues, BabyDoge has noticed a surge in terms of social media interaction. The meme coin’s community has often demonstrated its devotion to the network. BabyDoge Coin was now at the top of its game, competing with Bitcoin [BTC], Ethereum [ETH], Cardano [ADA], and other well-known cryptocurrencies.
Prominent on-chain analytics firm, LunarCrush took to Twitter and disclosed the top 10 coins by social engagement. The tweet read,
However, the weekly social engagement graph of the meme coin was painted in red. While the social volume was up 7.163 percent, the social engagement of BabyDoge was down by nearly 9 percent since the last week.
Additionally, during press time, the meme coin was down by 1.9 percent over the last 24-hours. The asset was trading for $0.000000003016 while its daily trading volume was at $12,406,624.
Despite all the partnerships and listing, BabyDoge has been on a downtrend. The asset has reportedly fallen by 52.5 percent since January 2022, when it hit an all-time high of $0.000000006345.