Shiba Inu, BabyDoge witness a sharp rise in the number of Holders

Vinod Dsouza
Shiba Inu BabyDoge Coin
Source: Pixabay

Shiba Inu and BabyDoge Coin are currently neck-to-neck in the race of gaining new holders. The meme-tokens experienced a sharp surge in the number of holders lately as investors jumped in on the bandwagon. At present Shiba Inu boasts of 1,145,539 holders while its counterpart BabyDoge Coin holders stand at an impressive 1,291,570. Both the tokens are seeing a surge of between 5,000 to 29,000 holders each day since the start of 2022.

Apart from gaining new holders, SHIB and BabyDoge are among the most talked-about cryptos on Twitter. Also, recent stats show that Bitcoin along with Shiba Inu was the only two top-100 ranked cryptos to appear on the most-viewed list on CoinMarketCap.

Coming to BabyDoge Coin, the meme-currency shot to the limelight again this month as it delivered phenomenal results. The meme-token got listed on CoinEx yesterday and opened an influx of new investors into its fold. It was also trending at the #1 position in the search bar of CoinGecko a few days ago.

Also Read: What is Shiba Inu’s Shibarium? Explained in simple terms

BabyDoge is up +278.5% since the last 30-days. In addition, the meme-token up +98.2% in the last 14-days, and is also up +47.3% in the last 7-days. In other words, BabyDoge Coin hardly dipped in price this month and remained brimming at the top.

It also touched an all-time high of $0.000000006345 on January 16. Therefore, this price movement is what attracted investors towards it and in return, saw a surge in the number of holders.

However, BabyDoge Coin is only down -11.3% from its ATH at present. Leaving aside its price movements, BabyDoge has surpassed 800,000 followers on Twitter yesterday. The community is growing and remains to be quite strong and interactive in the market.

The meme currency was also trending this month on Twitter in various different countries, thanks to its price surge.

Shiba Inu and BabyDoge Coin

Shiba Inu and BabyDoge Coin are currently the most sought-after meme-cryptos out it the market. The price is affordable and investors believe it’s a low-hanging fruit that could turn ripe in the coming years. Investors who missed buying Dogecoin before it hit 1 cent, are mostly buying meme-tokens in the hopes of it repeating Doge’s feat.

However, SHIB and BabyDoge breaching the 1 Cent mark remains far off and could take years to get there. At the time of publishing, Shiba Inu was trading at $0.00002795 and is down -3.15% in the days’ trade. BabyDoge Coin is trading at $0.000000005558 and is up +5.9% in the 24-hours day trade.