As we enter February, the cryptocurrency market may seem to be heading down a precarious path; However, last month will remain in the minds of many investors as joyful – particularly those who took significant risks on meme coins like Floki, Shiba Inu, and Baby Doge Coin (BABYDOGE).
Baby Doge Coin Doubled, Up 116% in the Last Week
In 2021, Baby Doge Coin (BABYDOGE) joined the ranks of its meme coin cousins – Dogecoin and Shiba Inu. This comical currency is held in over 300,000 wallets worldwide that consider themselves part of a “community coin.” Boasting an impressive 420 quadrillion coins at the introduction and with an initial price tag hovering around $0.000000000175, this digital asset has been gaining traction ever since.
According to CoinMarketCap, the collective worth of all existing 420 quadrillion Baby Doge Coins is $691 million as of Feb. 6, 2023. That’s not all; Coingecko data reveals that BABYDOGE has risen by 116% over the past week and an extraordinary 22% in just 24 hours! Despite its relative obscurity compared to other digital currencies on the market today, this meme coin continues to soar!
BABYDOGE is a Meme Coin with a Purpose
The “Woof Paper” outlines the aim of Baby Doge Coin, which is to make cryptocurrency accessible to everyone and assist dogs in need. At one stage, the token posted a stunning return of more than 3,500%, with donations allocated by its organizers to various animal charities. Moreover, their mascot – an animated dog breed similar to Dogecoin’s Shiba Inu – has been highly praised as its “father” by dedicated Dogecoin enthusiasts.
Baby Doge Coin‘s enigmatic development team appears to be led by Christian Campisi, who previously created Save Lands and Pawz. In July 2021, Mr. Campisi released a video announcement in which he affirmed his role as the mastermind behind Baby Doge Coin. With limited information provided on their website or white paper, it is believed that “Christian Campisi” stands at the helm of this groundbreaking cryptocurrency project.