Baby Doge Coin Price Prediction: Can Babydoge Flip Mog Coin?
The post Baby Doge Coin Price Prediction: Can Babydoge Flip Mog Coin? appeared first on Coinpedia Fintech News
Fundamentally, Baby Doge Coin has all the tools to explode. The BSC-native meme coin has soared by over 46% this week. But will this momentum continue, and will it flip Ethereum’s Mog Coin next?
BABYDOGE to Flip MOG On Utility and Binance ListingThis would cause a huge stir, given that Mog Coin is one of Ethereum’s top five meme coins.
Baby Doge Coin’s bullish momentum began in September when Binance listed it for spot trading.
In the past month, its price is up 194%, underscoring the importance of tier-1 centralized exchange listings, which open cryptocurrencies to more investors and liquidity. This can be especially beneficial in a bull market.
Meanwhile, Binance has yet to list Mog Coin for spot trading. Should it remain as is, then it’s a big upper hand for Baby Doge Coin.
That said, we must also consider the possibility of Binance listing Mog Coin, which would level the playing field between the two.
Moving to on-chain metrics, Baby Doge Coin has a huge lead. According to BSCScan, it boasts a staggering 1.8 million holders. Meanwhile, Mog Coin has just 32K holders.
Similarly, the Baby Doge Coin X has 2.6 million followers, while the Mog Coin X has 83K followers.
Meme coins are primarily community tokens, so in practice, a meme coin’s price should reflect its community’s strength.
Based on that, it seems that Baby Doge Coin is significantly undervalued compared to Mog Coin, something which may change with the incursion of its Binance listing.
Baby Doge Coin also focuses on utility, with this week’s 46% pump occurring due to the forthcoming release of its new product Puppy.fun, a meme coin trading app similar to Solana’s Pump.fun.
Currently, Mog Coin’s market cap is around $100 million higher than Baby Doge Coin’s.
Based on fundamentals, there’s every chance that Baby Doge Coin flips Mog Coin – but where could its price end up?
Analyst Cryptoknight890 targets $0.0000000045, approximately a 2x from its current price of $0.0000000027.
Cryptoknight890 highlights that BabyDoge has reclaimed a support/resistance level, which signals a shift in momentum to bullish.
$babydoge will follow $neiro pic.twitter.com/Xw8am5kam9
— KNIGHT $INJ TO 100$ (@cryptoknight890) October 8, 2024Meanwhile, CCH Crypto Signals looks toward $0.0000000038, which is just shy of a 2x.
The analyst notes that BabyDoge is trading in an ascending wedge but anticipates a break to the upside on the next resistance retest.
#BABYDOGE #1MBABYDOGE is getting ready for a massive pump