Baby Doge Coin has enjoyed a tailwind from a new Binance listing, with its price surging by 95% in the past week.
But the question is, can it sustain this momentum and continue pumping in the forthcoming months? Let’s find out.
Baby Doge Coin Primed For Gains On New Binance Listing and Q4 Expectations
A Binance listing could prove pivotal for Baby Doge Coin.
According to CoinMarketCap data, Binance is the largest exchange by trading volume, meaning its tokens are exposed to vast amounts of liquidity.
For Baby Doge Coin, which has a market cap under $300 million, this opens the project to significant price appreciation potential.
If we look back to Binance meme coin listings like Bonk and Pepe, the usual pattern is an initial pump, a correction, and a more substantial long-term uptick. Take the Pepe chart below, for example.
But are there any other benchmarks we can use to predict BABYDOGE’s price?
Notably, we are just two weeks away from Q4, which Coinglass reports is the most bullish period for crypto.
This suggests we could see Baby Doge Coin begin its longer-term rally as soon as next week.
Bonk was listed on Binance on 15 December 2023 – just two weeks before Q1 2024 – which was also significantly bullish for crypto due to the hype surrounding Bitcoin ETFs.
Before the listing, BONK was trading at $0.000001292. But by its peak three months later, it reached $0.00004704 – a 3,540% gain.
We don’t expect Baby Doge Coin to mimic this exact price trajectory, although it does illustrate the parabolic potential of a Binance listing converging with bullish market conditions.
An analyst from Inside Bitcoins anticipates a pullback in the near term for Baby Doge Coin but says investing near the $0.0012 support level could prove “prudent,” potentially alluding to long-term growth.
However, a Baby Doge Coin community account points to a pennant chart pattern formation and suggests an upward rally of around 100% could follow soon.
In the short term, analysts are split on whether a correction or rally will ensue.
However, the Binance listing has opened Baby Doge Coin to a new world of liquidity, which could enable significant gains as the wider market picks up pace.
Considering Bonk’s 3,500% gain on its Binance listing – plus the forthcoming historically bullish Q4 – it would not be unreasonable to expect around 10x gains for Baby Doge Coin this cycle, placing its market cap around $2.8 billion.
Alongside Baby Doge Coin, Binance also listed First Neiro on Ethereum and Turbo.
This is huge news for meme coins, directing a lot of attention to the sector this week.
Pepe Unchained is another token in the limelight. It just surpassed the $13.5 million total raised at presale, showing massive community interest.
Will This Meme Coin Explode Next? Pepe Unchained Raises $13.5M in Viral Presale
Pepe Unchained has a one-of-one narrative in the meme coin domain.
The project is developing the first Pepe-themed Ethereum layer 2 blockchain, designed to scale Ethereum while carrying the light-hearted spirit of an iconic joke token.
The team promises that ‘Pepe Chain’ will be far cheaper and 100 times faster than Ethereum. It’ll have a dedicated Ethereum bridge, which makes moving funds on and off the network effortless.
Pepe Chain will also have a dedicated block explorer, which delivers the same level of transparency and openness as the Ethereum network. And like Ethereum, it will enable staking, but the rewards are far more lucrative.
Currently, they’re valued at a whopping 153%.
Analyst ClayBro says Pepe Unchained is “ready to soar.”
In the analysis, ClayBro notes that the crypto market sentiment is gradually rising in the lead-up to Q4, which could signal a return of retail and potential price gains for $PEPU.
And because Pepe Unchained remains in its presale, investors can get in at a fixed and discounted price.
However, the price will rise as the campaign advances, so they should act quickly to secure the most value for money.
