Huobi has announced that it is now offering support for Babydog Coin (BabyDog), Huobi users will now be able to buy and sell Mem Coin on one of the largest exchanges in the world. This is a huge development for BabyDog Coin and here is why.
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Meme coins gained around 14% after the news broke.
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BabyDoge has also reported an increase in adoption in recent months.
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The listing opens the door for other exchanges to do the same.
Data Source: Tradingview
BabyDoge Coin (BabyDoge) – Where does it go from here
The moment coins start listing on major exchange platforms like Huobi; So you can expect some positive movement in the price. When news of the listing broke, BabyDoge actually grew about 13%. The coin is going up and down. At press time, it had added an additional 6% of value over the past 24 hours.
In addition, Huobi is a major exchange. The fact that it is providing support for the meme coin means that other major exchanges will follow suit. We have also seen a lot of discussion on social media around this coin.
More recently, BabyDoge has garnered over 1 million followers on Twitter. It was also among the most purchased coins by the 1000 largest whales on the BSC series. There’s no doubt that something is brewing here, and it’s only a matter of time before it bursts.
Should you buy Babydoge?
Well, meme coins can make you rich very fast, but they carry a lot of risk. Remember that these are basically speculative assets with hardly any significant underlying fundamentals.
But so far, BabyDoge looks like the hottest meme coin right now. We expect the coin to move forward in the form of more exchange listings in the near future. Because of this, buying at this time is good.