Why is Baby Doge Coin (BabyDoge) Decreasing Value Despite Its Popularity Among Investors?

Despite the increase in the popularity of Baby Doge Coin (BabyDoge) on social media and the number of wallets, the approximately 70% decrease in its price is attributed to CoinMarketCap.

Russian cryptocurrency exchange Latoken, on Monday, December 27 meme token with his Twitter post Baby Doge Coin (BabyDoge) announced that it was listed.

Number of wallets with meme tokens shortly before the news of my listing 1,075,000while exceeding bscscan according to data 1,080,338 wallets contain Baby Doge Coins. The biggest 1000 Binance Smart Chain wallets following Whalestats data in these BNB wallets 42.36 million dollars worth 23.329.766.712.189.700 number Baby Doge Coin resides. Also, a picture of the meme token recently twitter number of followers of your account 650 thousand people exceeded.

Despite all these positive developments, Baby Doge Coin price was at the time of writing. July 4, 2021 reached on tFrom $0.00000001803 levels, 69.2% below the all-time high (ATH) of $0.000000005890 is being traded.

People are worried that Baby Doge Coin price is in a downtrend. 6 months before when it reaches ATH From CoinMarketCap’s supply verification issue thinks it’s caused. About the situation, Baby Doge Coin official Twitter account Monday, December 27 in the post on the day, CoinMarketCap team to fix the problem Although more than 6 months have passed no attempt and Crypto.com He stated that many projects and stock exchanges are also facing similar problems. “Centralized problemsEmphasizing that this situation After the acquisition of Coinmarketcap by Binance, it lost its objectivity. he sent.

In the continuation of the sharing, the Baby Doge Coin team CoinGeckoHe thanked for doing their job right.

Also recently CEO of Crypto.com Chris Marshall also reacted to CoinMarketCap, which gave false information about exchange trading volumes.

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