The Baby Doge Coin price surged over 38% in 24 hours, hitting a new weekly high of $0.000000002237.
The surge in BabyDoge’s price is attributed to its recent perpetual listing on Bybit.
While the global cryptocurrency market remains sluggish and is awaiting the release of the US May 2024 Consumer Price Index (CPI) report, which is scheduled for June 12 at 12 p.m. UTC, Baby Doge Coin (BabyDoge) has seen a significant rally, jumping over 38% in the past day from $0.000000001621 to $0.000000002237.
The price surge in BabyDoge follows its perpetual listing on Bybit, the world’s fourth-largest cryptocurrency exchange. Bybit now handles approximately $71.13 million in BabyDoge trading volume, playing a key role in its price increase. With an overall trading volume of 5.3 billion, Bybit maintains its position as one of the top exchanges globally.
Is Baby Doge Coin Set to Continue Its Rally?
According to CoinMarketCap, BabyDoge is currently priced at $0.000000001843 with a market cap of $264 million, marking a 12.12% rise in the last 24 hours. The trading volume also saw an increase of 383%, reaching $85.48 million and ranking it 97th in trading volume.
Baby Doge Coin (BabyDoge) Price Chart (Source: CoinMarketCap )
Over the past month, Baby Doge Coin has experienced a 15% rally and a 29% increase over the last six months. Since the start of the year, the memecoin has gained over 236%, quadrupling its market price.
Looking ahead, if the positive trend continues, experts predict an average price of $0.00000000257 for BabyDoge in June 2024, with potential minimum and maximum prices ranging from $0.000000001626 to $0.00000000352. However, if BabyDoge fails to maintain its position above $0.000000001534, it could potentially drop to a bearish range between $0.000000001095 and $0.000000001456.