Baby DogeCoin (BabyDoge) has reached another milestone by being listed by CoinMarketCap as the top 10 Binance Smart Chain (BSC) projects in 2022. How does the meme coin project achieve this, let’s take a look at the social data…
Here are the most popular BSC altcoins
The top 10 list is prepared after reviewing the thousands of projects and tokens currently deployed on BSC. The list recently released by CMC also includes the following cryptocurrencies.
- Binance Coin (BNB)
- PancakeSwap (CAKE)
- Chainlink (LINK)
- Venus (XVS)
- Swipe (SXP)
- Tranchess (CHESS)
- CryptoBlades (SKILL)
- MOBOX (MBOX)
- BSCPad (BSCPAD)
Dog-themed cryptocurrency BabyDoge seems surprising to make the list. Continuing in the article, let’s look at a few reasons that may have compelled CMC to include BabyDoge in its list of the top 10 Binance Smart Chain projects for 2022.
Twitter trends
Since the start of 2022, BabyDoge has been gaining immense popularity and the meme coin community in particular is happy to interact with the token. BabyDoge continues its trend line on Twitter as well. As a result, the follower count of BabyDoge’s official Twitter account is also gaining momentum. BabyDoge’s follower count increased from 907.3k to 914.2k in just 24 hours.
Additionally, BscScan data reveals that BabyDoge has recently reached an astonishing 1.3 million milestone. To be precise, 1,368,233 accounts currently hold BabyDoge.
The interest of breast coin whales
As quoted by Kriptokoin.com, WhaleStats reported that the largest 1,000 BNB whales hold 937,343,883,70,593 Baby Doge Coins worth $3,970,173.
Hyper-deflationary meme coin effect
BabyDoge, a hyper-deflationary meme coin, also runs large token burns from time to time. On Tuesday, BabyDoge’s official Twitter account announced that 4.8 quadrillion tokens worth $20 million had been burned, reducing the total circulating supply from 164 quadrillion to 159,278 quadrillion coins, according to data provided by CoinGecko. Earlier, on January 2, Baby DogeCoin confirmed the transaction of 5 quadrillion Baby Doge Coins, estimated at $11.50 million, to the burned wallet. From the above data, it can easily be concluded that Baby DogeCoin is the most popular meme-coin on Binance Smart Chain and the most widely distributed crypto on BSC.
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