BabeDoge2 and DOGE2.0 Coins Surge in Early Trading; Too Late to Get In?

Most coins in the meme coin ecosystem such as BabeDoge2.0 and Doge2.0 are making impressive price moves while the meme craze continues, leaving investors wondering which token to invest in. 

The viral coins with no intrinsic values have surprised investors with massive gains in the past months, transferring remarkable price behaviors to newcomers. As such, newly launched meme tokens like DOGE2.0 and BabeDoge2 found favor before investors, rapidly surging in price within hours of launch.

As of the time of writing, BABYDOGE2.0’s price has added a whooping 304% in its seven-day gain with an over 89% 24-hour price increase. 

DOGE2.0, on the other hand, has increased over 34% over the past 24 hours, a bullish recovery from the bearish outlook in the last seven days. 

BabyDoge2.0 Price Performance

BabyDoge2.0 is a Binance Smart Chain (BSC)-based meme project designed only for entertainment purposes like most meme coins. The developers made it clear that BabyDoge2.0 guarantees no value or investment returns.

However, the project has garnered massive investor attention since its launch in early July. According to CoinMarketCap data, BABYDOGE2’s price has increased by nearly 500% since its all-time low of $0.000000000001739 on July 6. 

The meme token price increased by over 1000% to an all-time high of $0.00000000002192 on July 7. But it later met a pullback that reduced its value to $0.000000000004 on July 11.

However, BabyDoge2.0 started recovering momentum on July 12 and now trades at $0.0000000000091, with an 89.5% 24-hour price increase. Moreover, its trading volume has surged by over 129%, suggesting increased buying demand and investor interest in the token.

BabyDoge2.0 is green today, trading with bullish momentum. Its Relative Strength Index (RSI) value is 100, in the overbought region. The RSI is moving sideways, indicating a drop in trading volume. It is also neutral, demonstrating reduced trading activity for BabyDoge2. 

The Moving Average Convergence/Divergence (MACD) is above the signal line, indicating bullish sentiment. But the MACD histogram bars are still green, suggesting a continuous bullish trend. BabyDoge2.0 will likely continue its bullish signal in the long term.

DOGE2.0 Price Performance

DOGE2.0 is another newly distributed meme token, touted as a DogeCoin killer. The token’s price action is bullish today, despite trading at losses over the past seven days.

DOGE2.0’s price reached an all-time high of $0.000000027094 on July 7, 2023, but later retraced by 54.8%. DOGE2.0 price is down 17.1% in the last seven days.

As of the time of writing, DOGE2.0’s price has increased by over 34.6% in the last 24 hours and trades at $0.00000001307. The token’s price is 58.9% higher than its all-time low of $0.000000007704, recorded on July 11, 2023.

In addition, DOGE2.0’s trading volume has increased, suggesting increased trading activity for the token.

Technical Indicators Signals Bullish Sentiment

As illustrated on the 15-Minue trading chart above, DOGE2.0/WETH trading pair is trading close to the upper band of the Bollinger Bands, suggesting that the asset’s price is approaching the upper limit of its recent price range. 

This could indicate a potentially overbought condition, suggesting a higher likelihood of a price correction or reversal in the near term.

The Relative Strength Index (RSI) is currently at 100 regions above the over-bought region, where the price may reverse. This setup reflects the massive bullish pressure in the DOGE2.0/WETH market. 

Traders and Investors may interpret this as a signal to enter long positions or expect further price appreciation before a potential trend reversal comes soon. Furthermore, the asset’s Moving Average Convergence Divergence (MACD) is above the signal line, suggesting a bullish sentiment.

In confirmation of the bullish pressure, the histogram bars bear green candles above the zero line. This indicates that the pressure from the bulls outweighs that of the bears.

It is important to utilize several analysis tools when analyzing any crypto asset, as the entire crypto industry is highly volatile.

DOGE2.0 and BabyDoge2 Selling Hot; Profitable Investments?

Meme coins, including BabyDoge2.0 and DOGE2.0, are purely community entertainment tokens with zero intrinsic value or utility. Therefore, the ongoing crazy meme trend and increased investor interest could be a vogue, lasting for a short while.

For instance, the forerunner meme coins DOGE and Shiba Inu enjoyed a wave of bullish momentum, with percentage price gains running into thousands. However, DOGE and SHIB prices have stalled with massive losses after giving early investors huge returns on investment. 

So, chances are high that newer meme tokens like DOGE2.0 and BabyDoge2 would follow the pawprint of their meme descendants. While their investment outlook may appear promising in the short term, most investors may choose projects like DeeLance with an underlying utility for long-term investment.

Top Trending Crypto Projects to Invest in 2023

The market is saturated with several crypto projects, some with massive gaining potential. DeeLance could be among the low market-cap coins to watch out for in 2023. 

DeeLance (DLANCE)

DeeLance is a newly launched crypto project that aims to revolutionize the freelancing and online recruitment industry through blockchain technology. It provides a decentralized and secure platform for freelancers and employers to connect and transact efficiently.

$DLANCE, DeeLance’s utility token, powers all activities on the platform, ensuring immutability, transparency, and security during transactions.$DLANCE is an ERC-20 token, which DeeLance users would use to purchase office space in the DeeLnace metaverse and pay freelancers. 

In addition, DeeLance’s platform uses smart contracts to automate and enforce contract terms between employers and freelancers, eliminating potential disputes that may arise. The platform runs an escrow payment system that holds money deposited by employers until the freelancer delivers the job according to the agreed terms and the client’s requirements.

As of the time of writing, DeeLance (DLANCE) token is about to round up its presale. The token currently trades at $0.043 and would increase to $0.048 in the next presale stage.

DeeLance has raised over $1.52 million in four presale stages, indicating bullish investor interest in the project. Early presale investors could gain massive returns as the token’s price will rise to $0.057 on exchange listing, a 32% increase from the current price.