Baby Doge Coin (ETH: $BABYDOGE) has a great fourth quarter of 2024. After going downhill for nearly 100 days, its price began rising in September. Overall, the fourth quarter of 2024 has been bullish for the crypto sector, especially for meme coins.
The History of Baby Doge Coin
Baby Doge Coin first came into prominence in July 2021 after a post on X by Elon Musk that referenced the meme coin. A year later in July 2022, the coin achieved its all-time high of $0.086355.
The Doge meme community created the project to connect via a fun meme community and spread awareness of animal welfare. It utilizes AI image generators to create baby doge characters on demand.
Thus far, it has been quite successful, donating thousands of dollars to animal welfare charities. Its biggest recipient to date is the North Shore Animal League America, which received $300 thousand.
It has over 110 integrations to date, giving its utility a massive boost. For instance, holders of the Baby Doge Coin can use it on NOW Payments, which lets users make payments and donations. The project has also integrated a Swap feature that allows users to trade their Baby Doge Coins for various other coins, including BNB, ETH, and USDT.
The project has a forum where BABYDOGE holders can express themselves. Additionally, it recently launched a voting mechanism where participants can vote on proposals for the community’s future development.
BABYDOGE Tokenomics
The project launched with 420,000,000,000,000,000 BABYDOGE tokens, of which, 51% have been burned. The project has no tax on transactions, and its smart contract has passed an audit by Certik. It exists on both the Binance smart chain, and Ethereum.
Baby Doge Coin (BABYDOGE) Surges
In the past 12 months, BABYDOGE’s price has increased 90.11%, while as of Thursday, it was up over 21%. In October, it reached a high of $0.083497, and soon after, the holder took profit, bringing the price to the current $0.082284 per token.
Social Media Following
Baby Doge Coin has one of the largest online followings for a meme coin, with 2.6 million followers on X, 309K followers on Facebook, 28 917 members on Discord, and 199,994 on Telegram.
Is Now The Time To Add Baby Doge Coin To Your Portfolio?
Unlike most meme coins, Baby Doge Coin has a well-established mission, and numerous charitable accomplishments over the past few years. Its team is highly motivated by their mission for better animal welfare and meme culture.
Amid the ongoing boom in meme coins, BABYDOGE, with its clear purpose and utility, is well-suited to ride the wave to new highs. It is currently trading at a 64.05% discount from its all-time high, which provides room for potential growth. Consequently, adding BABYDOGE to your portfolio could potentially pay off in the medium term.
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