BabyDoge Coin Price Prediction: BABYDOGE Grows By 14% But What May This New Meme Coin Hold For Investors?

Updated: 11 November 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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The BabyDoge price surged more than 14% to trade at $0.0000000014 as of 6:28 am EST as investors take their Bitcoin (BTC) profits and pump smaller-capped meme coins.

This surge in the meme coin’s price pushed BabyDoge’s weekly performance deeper into the green zone to 35%. Following this strong move up throughout the past day of trading, traders may soon engage in profit-taking activities.

Technical Overview

Daily chart for BabyDoge/USDT (Source: TradingVIew)

From a technical standpoint, BabyDoge broke above the $0.0000000013920 barrier following its latest price surge and continued to trade above this level. If the altcoin can close today’s trading session above this significant mark, then it could have the foundation needed to continue rising.

In this bullish scenario, BabyDoge may attempt to flip the subsequent resistance level at $0.0000000017070 into support in the short term. Bulls will then most likely inject another wave of liquidity into BabyDoge’s order book, as a break above $0.0000000017070 will open up a path for the meme coin to rise to $0.0000000022335.

Investors and traders will want to keep an eye on BabyDoge’s price in the next 48 hours, as a break below $0.0000000013920 within this period could invalidate the bullish thesis. This could prompt BabyDoge holders to sell some of their coins since the meme coin would be at risk of dropping to the next key support level at $0.0000000011715 through the course of the following week.

While BabyDoge could be on the verge of reaching a short-term peak, Meme Kombat is busy gaining ground to become the next best meme coin.

Bringing Utility to the Meme Coin Sector

Meme Kombat is a meme-inspired gaming platform that can be the next best project within the meme coin sector. Through the platform, holders of the project’s native token, MK, can place bets on battles that will take place within the ecosystem regularly. In return, holders stand to win big. There will also be more hyped battles, granting winning bets much more lucrative rewards.

Countdown to the Next Price Increase

According to Meme Kombat’s website, the price of MK is scheduled to increase within the next week. Buying into the meme coin now will mean that investors will already start seeing a return on their investment following this token increase. Currently, the altcoin is being sold at $0.1667 and will be adjusted to $0.1833 on Nov. 2.

🔥 #MemeKombat UPDATE 🔥

Staged Presale = ON

▪️ NOW: 0.1667 USD
▪️ Nov 2nd: JUMPS to 0.1833 USD

The timer is set! Secure your $MK before the rise! ⏰ pic.twitter.com/LMreT8M2Ce

— Meme Kombat (@Meme_Kombat) October 23, 2023

What sets MK apart from other popular meme coins is that it is entering the market with a fair degree of utility. This, coupled with the rapidly growing gaming sector, makes Meme Kombat an extremely undervalued project with a vast amount of growth potential.