- BabyDoge has launched its own meme token launchpad, Puppy.fun, allowing the community to create and distribute new tokens.
- When a token reaches 22 BNB liquidity, it moves to BabyDogeSwap DEX for decentralized trading.
The global cryptocurrency market continues to soar, with Bitcoin rising above the $100K zone, and the memecoin sector is making a significant impact in this bullish phase. Popular tokens like Dogecoin (DOGE) and Shiba Inu (SHIB) are leading the charge, but recently, Baby Doge Coin (BabyDoge) has entered as an exciting new player. Hitting an all-time high of $0.000000006604 on Dec 5, 2024, BabyDoge is now venturing further by launching its own meme token platform, “Puppy.fun.” This platform aims to allow the BabyDoge community to launch new tokens, following in the footsteps of Solana’s Pump.fun and Tron’s SunPump—launchpads.
Puppy.fun joins the growing list of meme token launchpads created to offer an easy and transparent process for creating and distributing new tokens. These platforms have become crucial in the memecoin ecosystem, helping tokens gain traction while ensuring fair access to all investors.
Pump.fun, which debuted in January 2024 on Solana, and SunPump, launched on Tron in August 2024, have gained substantial attention due to their lower fees and higher potential returns. BabyDoge’s addition to this space reflects the increasing growth of such platforms.
Additionally, BabyDoge has introduced a new feature for its token holders. When a token’s liquidity hits 22 BNB (approximately $15,455.22 in market cap), it automatically migrates to BabyDogeSwap DEX. This migration allows users to continue interacting with the token on a decentralized platform. After migration, holders can earn gems by keeping their tokens, which serve as a reward system. These gems can then be used for rewards and airdrops, further enhancing the community experience.
BabyDoge Price 24-Hour Overview
On the price front, BabyDoge has faced some fluctuations recently, experiencing a 5% drop in the last 24 hours amid broader market trends. At the time of writing, BabyDoge is priced at $0.000000003725 with a market cap of $602 million. Despite this, the coin has risen 60% in the past month and 170% since the start of the year. Its trading volume has also surged by over 12%, reaching $227 million in the past 24 hours.
Zooming in, BabyDoge’s price action shows mixed signals in the BabyDoge/USDT 4-hour trading pair with a small bull power of 2 and bear power at -11, suggesting some upward momentum but overall bearish pressure. Additionally, the MACD is below the signal line, validating a bearish trend in the market.
Looking ahead, if the downward pressure continues, it could dip to around $0.000000003207, potentially testing the $0.0000000025 level. However, a reversal above $0.000000004081 could see BabyDoge push back toward its all-time high, fueling further excitement in the memecoin market.
Highlighted Crypto News Today
