Baby Doge Coin Lifts Off 80% Amid Listing On Binance: What's NexBaby Doge Coin Lifts Off 80% Amid Listing On Binance: What's Next?
Binance announced the listing of three new cryptocurrencies Baby Doge Coin, Turbo, and Neiro Ethereum
Baby Doge Coin price gained a massive 86% following the listing announcement.
Binance, the world's largest cryptocurrency exchange announced the listing of three meme coins Baby Doge Coin, Turbo, and Neiro Ethereum with an applied seed tag. The seed tag means over a cryptocurrency means that it will be monitored for 90 days.
Following the announcement, BabyDoge's price exploded and was currently up over 86% in intraday. Despite the meme coin market trading in with a bearish bias, still, these new listing coins seemed to be in the top trending ones.
Talking about the other two, Turbo has also benefited from being listed on Binance and was up over 23% at the time of writing. While the other two witnessed positive change in their price, NEIRO headed downwards losing 36% in intraday.
BABYDOGE: Twitter Chatter Skyrockets Amid Binance Listing
In a recent post on x (Formerly known as twitter), Binance posted listing of three tokens with an added seed tag. while trading of these tokens will start from today, however, the users will also be able to place withdrawal requests from Tuesday, 17th September.
x.com
The price as well as on-chain metrics of Baby Doge Coin noted a sharp growth following the announcement.
As per Santiment, an on-chain analytics provider, the social metrics have noted an exponential growth amid the listing news on Binance. The social metrics includes social dominance and social volume and measures the change in influence of asset among the users on various social media platforms.
Various social media platforms like X, Telegram etc. act as a medium for recent updates and developments going on in a cryptocurrency. An increased engagement of the users highlights a possible surge in demand which could fuel the asset price higher.
Additionally, the intraday trading volume has surged by a massive 2686.5%. As a result the daily transaction volume has reached nearly 60% of the market cap suggesting high volatility. The intraday transaction volume was $214.8 Million against a total market cap of $303 Million.
What’s next For Baby Doge Coin?
following a 86% surge in Intraday, Baby Doge Coin price has reached at a three month high in less than a day. The price has pumped totally on the basis of sentiments however, one good thing that happened with the token was the trend shift to bullish territory.
BABYDOGE price blasted in intraday leaving behind the 50 and 200 day Exponential moving average which were acting as a dynamic resistance earlier. The recent surge has flipped them turning into a support ones.
On the higher side, if BABYDOGE breaches $0.00000000209 which is the intraday high it may again show strong upside rally as the community sentiments are higher. whereas, if the price stalls near the resistance the price may head for a profit booking as the short term traders have got good in intraday itself.
The technical indicators RSI suggests a overbought condition at the moment which may trigger a profit booking among the investors.
