A meme cryptocurrency that grew by 100% of its value is named

Cryptocurrency industry analysts say that the last few days have been turbulent on the meme coin market. The Baby Doge 2.0 rate has increased by more than 100%. At the same time, Dogecoin (DOGE) has risen by only 3.5%.

Baby Doge 2.0 (BABYDOGE2.0) is a new token that mimics the original Baby Doge Coin, inspired by Dogecoin. Like many other «2.0 tokens» that have flooded the market, Baby Doge 2.0 has seen an impressive start to its life cycle.

According to DEXTools, in the first few hours of trading, the meme coin’s market capitalization reached $ 1.41 million, with more than $ 100,000 locked in the liquidity pool.

As the token continues to gain momentum, traders and investors are eagerly watching its performance and discussing whether Baby Doge 2.0 will be able to match or even surpass the profits generated by trading the original Baby Doge Coin.

At the time of writing, Baby Doge 2.0 is trading for $ 0.1 103 with a market capitalization of just $ 76,094. Traders have made daily trading deals worth $ 12,433.

As for Elon Musk’s favorite meme-coin, Dogecoin (DOGE) has grown by more than 5% over the past two days to return to $ 0.07. The coin’s market capitalization amounted to $ 10 billion. Traders made daily trading deals worth $ 652.9 million. The unexpected rally of the digital asset comes after a turbulent period for Dogecoin, which last week dropped to a low of $ 0.0636.

ApeWisdom’s data shows that the number of mentions of DOGE on social media has increased by 27% in the past 24 hours, which indicates the growing excitement around the meme coin as it shows signs of a steady upward trend.

As Baby Doge 2.0 and Dogecoin continue to attract attention, investors are already looking for other meme coins that could «explode.» The most suitable candidates, according to crypto enthusiasts, are Evil Pepe Coin and Burn Kenny.