Thanks to an unexpected listing on Binance, Baby Doge Coin has enjoyed a phenomenal week.
Its price has risen 136% – but can it sustain this momentum?
Baby Doge Bullish On Binance Listing and Untapped BSC Potential
At a $330 million market cap, there’s an incredible opportunity ahead of Baby Doge Coin.
It’s strategically placed within two powerhouse ecosystems, which could translate to significant capital inflows.
Notably, it recently listed on the Binance centralized exchange (CEX). Binance is the largest CEX by trading volume – just yesterday, it processed over $17 billion in transactions.
For reference, that was over 6x higher than its number one competitor, Coinbase.
And here’s why this is important: analysts say the crypto market is teetering on its next bullish rally.
This is because the historically bullish fourth fiscal quarter is aligning with interest rate cuts and the Bitcoin halving cycle.
Should the market perform as expected, a Binance listing could provide significant inflows that otherwise wouldn’t have been possible for BabyDoge. And given its relatively low market cap, this could translate to strong gains.
In addition to launching on Binance, Baby Doge Coin is a top meme coin on Binance Smart Chain (BSC). Given the scale of BSC’s liquidity, we must consider this.
BabyDoge is currently the third largest BSC meme coin, trailing behind Dogecoin and Floki, which have $15 billion and $1.2 billion market caps, respectively.
BSC’s native BNB coin is currently valued at $83 billion and there is also $119 billion in USDT and $35 billion in USDC. Just a fraction of this on-chain money could skyrocket the Baby Doge Coin price.
But what do the analysts think?
Currently, BabyDoge is trading at $0.000000002223. Analysts from Crypto.news think it could reach $0.000000007077 by the end of 2024. This would mark a 218% gain and place its market cap close to $1 billion.
Given the bullish market outlook and the fact that it is listed on Binance, this certainly seems attainable – especially given that the next largest BSC token (Floki) is worth $1.2 billion today.
In the shorter term, one trader on X notes that the next key level is $0.0000000028215.
Should its momentum continue, this could be the upcoming zone at which Baby Doge Coin finds support and resistance.
As traders look toward 3x gains for Baby Doge Coin, a meme coin is emerging and tipped by a respected analyst to 10x.
The project is called Pepe Unchained and is currently undergoing a presale.
Pepe Unchained Raises $14M for Meme Coin With L2 Utility – Next 10X Presale?
Pepe Unchained is causing a huge buzz in the market with its one-of-a-kind use case.
The project is undergoing a presale and raising capital to build the first Pepe-themed Ethereum layer 2 blockchain.
It’s already under development, and the mainnet is set to launch at the same time as the time $PEPU debuts on exchanges.
The ‘Pepe Chain’ is set to be much cheaper and 100x faster than Ethereum. Imagine placing a meme coin trade, and it’s settled before you let go of your mouse. That’s the kind of speed it’s offering.
Pepe Chain will launch with features such as staking, a block explorer, a dedicated Ethereum bridge, and a decentralized exchange.
It also recently announced a grants venture that will pay developers to launch tokens and applications in its ecosystem.
The market is taking serious notice. In addition to raising $14 million, top analysts have backed Pepe Unchained.
Jacob Bury from 99Bitcoins says it could 10x, referring to it as a “Pepe alternative.”
With a use case that tackles Ethereum’s pressing scalability issue, there’s an opportunity for Pepe Unchained to become a leading player in the meme coin space.
The current $PEPU price is $0.00981, but this will rise throughout the presale.
