Over the last couple of years, the crypto-verse witnessed the arrival of an array of new assets. Meme coins like Shiba Inu [SHIB], BabyDoge Coin [BabyDoge], Floki Inu [FLOKI] have been residing under the crypto spotlight for quite some time now. While Shiba Inu remains undisputed in terms of popularity, another meme token was seen steering towards the top.
BabyDoge, an asset very similar to Elon Musk’s favorite cryptocurrency, Dogecoin [DOGE], was launched in June 2021. Despite being fairly new to the market, BabyDoge managed to amass increased adoption. The altcoin’s latest move of flipping prominent crypto asset, Ethereum [ETH] to become the most traded token among the top 1000 BSC wallets, justifies the fervor around the meme coin.
With a market cap of about $452 billion, ETH has been preceding the altcoin market. However, BabyDoge took over ETH’s spot to become the most traded token in the top 1000 BSC wallets. WhaleStats noted this movement and announced the same on Twitter. The tweet read,
BabyDoge the next Shiba Inu?
Shiba Inu’s growth has been lauded by many in the industry. Despite its current price rut, the meme coin continued to bag partnerships, deals, and listings. With the meme market flourishing, several coins have started to mirror the footsteps of SHIB. BabyDoge’s latest win against ETH has led to the community speculating if it was the next Shiba Inu.
Unlike SHIB, BabyDOGE did not endure a stagnancy in its price. Just today, the meme coin managed to soar over 40% within 24 hours. However, during the time of writing, the altcoin had dwindled back to 11%. This further pushed the price of the meme coin to $0.000000002671.
The meme coin’s chances of making it to the top were quite high considering its movement over the last couple of months. BabyDoge has been in the news for all the right reasons and its recent move of partnering with ASPCA to provide aid to homeless animals was a major highlight.