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248% Weekly Gains — Baby Doge Coin Continues to Rally While Most Crypto Asset Markets Slump

Four days ago, the crypto community and mainstream audiences caught a whiff of a new meme-based crypto asset called baby doge. The coin got a lot more attention when Tesla’s Elon Musk tweeted about baby doge and almost immediately after the tweet, the asset’s value skyrocketed. Musk hasn’t said anything about baby doge since then, but the crypto asset has continued to climb higher in value.

Weekly Stats Show Baby Doge Outshines Most Crypto Asset Market Performances

Last week, Bitcoin.com News reported on the cryptocurrency called baby doge (BABYDOGE) after the CEO of Tesla tweeted about the coin. At that time, baby doge jumped 228.3% during a 24 hour period on July 1, and during the last few days, the digital currency continues to gather gains.

248% Weekly Gains — Baby Doge Coin Continues to Rally While Most Crypto Asset Markets Slump
Ever since the CEO of Tesla, Elon Musk, mentioned baby doge coin (BABYDOGE) on Twitter, the crypto asset has seen mainstream media report about it and the currency has doubled in value in four days. The picture above is a meme shared by the Twitter handle @babydogecoin which has 109,200 Twitter followers on July 5, 2021.

The following Monday morning (EDT), baby doge dropped a touch over 2% but seven-day statistics show BABYDOGE is still up 248.9%. Over the last two weeks, baby doge has captured a mammoth-sized 723% gain.

Baby doge has gathered mainstream media (MSM) attention after the Musk tweet, as many publications followed Bitcoin.com News’ lead and reported on the baby doge situation. Fool.com, a subsidiary publication owned by the Motley Fool asked: “Should You (or Anyone) Buy Baby Doge Coin?” Baby doge was also featured in articles published by newsdesks like the Indian Times, Futurism, Republic World, Benzinga, Gamerevolution, Techstory, Business Insider, Toysmatrix, and more.

Read more from our friends at Bitcoin.com