The post Baby Doge Coin Pumps 23% After Elon Musk Tweet – New ATH Incoming? appeared first on Coinpedia Fintech News
Baby DogeCoin has surged 23% in the past day following two Doge-related tweets from the world’s richest man, Elon Musk.
Currently, BabyDoge is trading at $0.00000000539, which is just 16% from its 2022 all-time high (ATH). Will we see a breakout soon?
Musk Sparks BabyDoge Mania
Elon Musk, the business mogul and meme coin fanatic, sent two tweets this week that helped bolster the BabyDoge price.
First, he tweeted an image depicting a doge dog heading a sandstorm that is sweeping across a city.
This is likely a reference to his position as co-head of the Department of Government Efficiency (D.O.G.E for short) once President-elect Trump takes office.
The department aims to cut U.S. government spending but has drawn a lot of buzz among crypto fans because its ticker symbol resembles Dogecoin’s.
Unsurprisingly, Musk was unable to resist playing on this. He’s posted countless memes about it since the position was first proposed.
Musk then tweeted a second image of him and his son captioned “The Dogefather” and “The Dogeson.”
Although Musk didn’t address Baby Doge Coin directly, the resemblance was enough to cause a buying frenzy.
Based on its current price of $0.00000000539, BabyDoge is up 23% today, 119% this week, and 105% this month. It holds an $851 million market cap and a $1.73 billion 24-hour trading volume.
Traders Eye New ATH
Top traders favor BabyDoge hitting a new ATH soon, with Solberg Invest saying it could occur early in 2025.
The analyst noted that the price broke above a trendline resistance level and even broke above a key macro mid-range level.
He suggests that BabyDoge will retest this mid-range support before pressing to a new ATH.
Analyst Tryrex also notes that Baby Doge Coin is approaching its ATH, dubbing its recent performance an “incredible comeback.”
Based on the analyst’s chart, BabyDoge could rally to highs of $0.0000000121044 in early 2021.
The project’s 119% weekly pump underlines why meme coins are so popular. And while some traders target new highs, others are now seeking the next project that could provide big gains.
Analysts Think These Meme Coins Could Explode Next
One of the newest projects getting a lot of attention is Crypto All-Stars. It’s building a meme coin staking platform that lets users stake Dogecoin, Shiba Inu, Pepe, Bonk, and more from one app.
Users can maximize their staking rewards by holding $STARS, which unifies meme coin fans industry-wide under one token.
It’s a concept that could attract huge demand, which analysts say could translate to strong price growth.
For instance, ClayBro says it could 10x. He also notes that the project shows huge early demand, which adds to its growth potential.
Crypto All-Stars is conducting a presale that has raised over $11 million so far. However, as ClayBro highlights, the presale ends in 10 days, so prospective buyers must act quickly.
Flockerz is another promising presale project. It’s creating a new form of governance called “Vote-to-Earn.”
This is where all holders of the $FLOCK meme coin get to vote on every decision relating to the project’s future and get paid for it.
By placing control in the community’s hands, it ensures decentralization while creating token utility, which could uplift buying pressure.
Investors can also stake their $FLOCK tokens for more rewards.
Analyst Austin Hilton hailed this as a “great meme coin presale” and urged investors not to miss out.
The presale is ongoing and has raised $5.4 million so far.
Fartcoin is another meme coin showing huge potential. While it’s not in its presale phase like Crypto All-Stars and Flockerz, it’s in the AI-agent narrative, which is trending and could have much more room for growth.
The project uses Andy Ayrey’s Terminal of Truth platform, allowing users to watch an unrestricted conversation between two AI agents unfold in real-time. The idea is to test AI’s boundaries and limitations and find whether it can produce unexpected applications in the crypto space.
Indeed, the project’s name instils comedic value, which meme coins are renowned for. This synergy of disruptive technology and memetic humour has made it a fan favourite, with Fartcoin trending on social media this week.
Analyst yh_0x noted Fartcoin’s recent strength and suggests it will push toward new highs in the coming weeks.
