• As Dogecoin, SafeMoon, and SHIB Slip, the Meme Coin Pack flocks to Baby Doge

  • Baby Doge’s price has risen over 300 percent in a week as a result of Elon Musk’s Twitter mention, whereas other meme currencies have struggled.

    a brand-new meme coin After a tweet from Tesla CEO Elon Musk, Baby Doge (BABYDOGE) has seen a stratospheric increase, while other meme-themed cryptocurrencies like Dogecoin (DOGE), SafeMoon, and Shiba Inu (SHIB) are slowly sinking with the rest of the crypto ship today.

    Last Friday, Elon Musk, the CEO of Tesla and SpaceX, tweeted about Baby Doge, a new Dogecoin counterfeit. Whether he meant to mention the cryptocurrency or was just making a Doge-themed joke about the popular Baby Shark song, his “endorsement” saw Baby Doge rise by about 130 percent right after.

    In terms of gains, Baby Doge is still far ahead of the crypto curve at the time of publication. According to crypto monitoring portal CoinGecko, the coin is currently trading at $0.000000005584, up 57.4 percent in the last 24 hours and over 300 percent in the last week. At the same time, the daily trading volume of Baby Doge has surpassed $150 million.

    Afternoon on Doge Day Other meme coins haven’t followed in Baby Doge’s footsteps. The granddaddy of them all, Dogecoin (DOGE), is currently trading at $0.244862, down 2.1 percent on the day. SafeMoon (-6.5%) and Shiba Inu Coin (SHIB) (-2.3%) are also falling in value, selling at $0.00000300 and $0.00000865, respectively.

    However, it doesn’t appear that this has discouraged crypto innovators wanting to cash in on the latest fad. Someone just released a knockoff of a knockoff in the form of “Baby Doge Cash” yesterday. It’s already increased by 432 percent in a single day, demonstrating that the demand for meme coins is seemingly unquenchable.

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