How BabyDoge Violently Washes the Market:
First of all, BabyDoge is a MEME that was born in June 2021. It compares DOGE to a father, which is how it became famous. However, in the early days after its launch, BabyDoge once dipped below its opening price, but later it started to reverse and surged to a market value exceeding 100 million USD.
After surpassing 100 million, large holders continuously sold off, while retail investors kept buying in. Ultimately, after Musk tweeted: "babydoge doo doo doo", BabyDoge completely defeated the bears and welcomed a shining moment, with its market cap once exceeding 2 billion USD.
Then, until recently, BabyDoge was listed on Binance. Due to being in a sideways market for too long and having too many diamond hands, its performance was mediocre at first as there weren't many chips on the Binance address when it launched. As large holders gradually collected chips, BabyDoge's main upward trend began, and this wave of market washing was even more intense.
On December 9th, MOVE was launched and immediately dumped on BabyDoge. Even when there was a price difference for MOVE on the morning of December 10th, the large holders knew there would definitely be short-term hot funds moving in to arbitrage, so they immediately dumped the market with a single line, violently washing the market. Now, it has returned to new highs, fully controlled, full marks 💯!
In the same batch, FLOKI was early to go on Binance, with a market cap peaking around 3.3 billion USD.
In summary, I believe the reasonable price for BabyDoge is around 12 (with a market cap of 2.5 billion), the conservative price is in the 8 range (around 1.5 billion market cap), and I won't speculate on the FOMO price.