BabyDoge is the latest trending dog-themed meme coin. It has surpassed Shiba Inu, and Floki Inu, which is viewed as its closest rivals, in terms of holders.
According to a tweet from BabyDoge On January 29, 2022, BabyDoge had surpassed 1.35 million holders and 888 thousand followers on Twitter.
On January 31, 2022, a day after a previous tweet set its followers at around 888K, Dogecoin again tweeted saying that it has surpassed 900K followers; showing how popular the meme coin is becoming among the crypto community within the social media platforms.
Main BabyDoge developments in recent days
We shall start on January 18, 2022, when BabyDoge was listed on CoinEx, a Hong Kong-based crypto exchange. The listing sent BabyDoge’s price up 11% within a few hours of the news.
The meme coin however did not sustain the Bull Run as it fell prey to the recent crypto market plunge leading to a sharp drop between January 20 and January 22. The drop is however over and the recent hype about the coin on social media is pushing the coin back up once more.
There is a specific BabyDoge trending tweet that is gathering the views of the BabyDoge community on which exchange they would want the coin listed with a choice between Kucoin, Binance, and Coinbase (all very popular crypto exchanges).
There is also a burn that just started some hours ago after Dogecoin asked its community whether they support the burning of BabyDoge Coin. It had anticipated burning about 4.8 quadrillion BabyDoge coins, which are worth about $20 million.
In the early hours of Wednesday, February 2, 2022, BabyDoge tweeted saying that it had reached its target of burning about 4.8 quadrillion BabyDoge coins.
Experts’ take on BabyDoge price prediction
With BabyDoge currently trading at around $0.000000004182, let us look at what various experts think of the future of BabyDoge.
With the completion of the 4.8 quadrillions BabyDoge burns, the supply of the meme coin will be reduced and going by the rising demand, the price is expected to skyrocket.
One popular Dogecoin follower on Twitter going by the name “Next X100 GEMS” said that they are expecting the meme coin to hit $ 0.00002.
Another tweet asking the crypto community whether they think BabyDoge shall get to $0.00005 next 3 months has received an overwhelming response with over 1.2K likes.
Analysts may not agree on the actual price target but it seems all is set for a major BabyDoge rally especially after the reduced supply and the increasing demand as the meme coin gains popularity in social media.