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BABYDOGE Price Up 4.9% to $0.000000001659 – How to Buy BABYDOGE

BABYDOGE Price Up 4.9% to $0.000000001659 – How to Buy BABYDOGE
BABYDOGE Price Up 4.9% to $0.000000001659 – How to Buy BABYDOGE

Baby doge coin is known as the cryptocurrency that entered the market a few weeks ago, and in just a short duration of time, it grew to become a viable investment with tremendous gains. BABYDOGE came into the limelight after gaining endorsement from Elon Musk, but the Tesla boss has never mentioned the token again.

The token is trading at $0.000000001659 at the time of writing after gaining 4.9%.

BABYDOGE Price Analysis

BABYDOGE Price Analysis `9 July
Source: CoinGecko

The coin has been on a downward trend since its upswing reached exhaustion towards the beginning of July after gaining endorsement from Elon Musk through a Twitter update.

While volatility has been mild, BABYDOGE should steer clear from a sharp downtrend because if this happens, the coin could gear up for a strong bear momentum that could push prices even lower.

The token has created support at $0.000000002, and with the current slight upswing, the token might clinch this support. BABYDOGE has become one of the viable investments by day traders; hence the current uptrend could continue if more investors jump in to buy during the dip.

Currently, support from the broader cryptocurrency market is low and going by this factor, BABYDOGE could be headed towards a downtrend. Besides, the hype surrounding the coin seems to be dying down; hence prices could consolidate at low levels of below $0.000000002.

Interest in Baby Doge is currently at its lowest level compared to the excitement the token had created at the beginning of July after Musk’s mention in a tweet. Last week’s data from Google Trends showed that search terms for BabyDoge were only 16% of its peak level.

Nevertheless, the coin is still showing resilience, given that it is very new to the market. If it revamped its model and gained adoption for real use cases other than speculation, its value could skyrocket.

Where to Buy BABYDOGE

If you want to buy BABYDOGE, you can create an account on the following crypto exchange platforms:

  • eToro

eToro is one of the leading crypto exchanges. The exchange offers a broad set of features that beginner traders can use, such as copy trading and a demo trading account. eToro’s trading fees are also favourable.

  • PancakeSwap

You can buy BABYDOGE from PancakeSwap. PancakeSwap is an exchange based on Binance Smart Chain that allows you to swap BNB with BABYDOGE. PancakeSwap supports a wide range of altcoins and has user-friendly features.

Looking to buy or trade Crypto now? Invest at eToro!

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