Investors have grown fond of memecoins and dogs. The innovations and immediate advantages have attracted a lot of people.
Dogecoin and Shiba Inu [SHIB] may have been the two to kick off the memecoin movement, but a few more coins have gradually gained popularity. Due to recent developments, BabyDoge has drawn a lot of attention.
The team has been hard at work on the BabyDogeSwap main net launch, which went live on September 21, 2022. One of the most recent developments is that the team has received a noteworthy listing on the ONUS exchange. Elon Musk is quite famous for showing his support for memecoins and the DOGE coin.
BabyDoge team shows gratitude
Elon Musk, the CEO of Tesla, tweeted that “I will not let you down, no matter what it takes.” The official Twitter handle of BabyDoge replied to the tweet stating that “Forever grateful for people like Elon for leading innovation while also not being worried to speak out.”
The price of the memecoin spiked shortly after the exchange of communication. At the time of writing, BabyDoge was trading at $0.000000001199 as per the details from CoinMarketCap. It has risen 1.5% in the last 24 hours. The coin has risen by 7.4% in the last 30 days.
The crypto market is not in its best shape. The global crypto market cap, which regained $1 trillion, fell below the benchmark. Most of the top coins are trading 60-80% down from their all-time highs. However, the market is still in a prolonged bear market. The next bull run is likely to put on a great show as the memecoins are likely to put on a rally.