BabyDoge Coin is Now a Favorite Amongst BSC Whales

Binance Smart Chain (BSC) whales hold Ethereum in their wallets more than any cryptocurrency. However, BabyDoge has overtaken Ethereum to become the most traded cryptocurrency by the whales.

BabyDoge Coin Flips Ethereum in Terms of Trading Volume by BSC Whales

WhaleStats, a platform dedicated to tracking the trading activities of the richest BSC whales, has revealed that BabyDoge has surpassed Ethereum in terms of trading volume by the whales. This implies that the BSC whales now trade the BabyDoge coin more than Ethereum.

Ethereum was previously the most traded cryptocurrency by the BSC whales. However, ETH has relinquished this position to Baby Doge.

The Baby Doge coin was built on the Binance Smart Chain by unknown developers. The token has been around since June 2021 and has a community with thousands of token holders.

The project has an ambitious roadmap that includes further efforts for pet charity, nonfungible token (NFT) creation, GameFi, and more.

BabyDoge has added more than 10% to its value over the past 24 hours. At press time, BabyDoge is trading at $0.000000003421, with a market cap of $687 million.

BabyDoge Rallies While Ether Dips

BabyDoge has been performing excellently over the past 24 hours. The token’s value has increased by more than 10% so far today. Ether, on the other hand, has been underperforming during that period.

ETH’s RSI stands at 26. Source: FXEMPIRE

ETH’s technical indicators show that the second-largest cryptocurrency by market cap is facing selling pressure. ETH is currently trading at $2,998 per coin, below its 50-day moving average of $3,959.

The MACD line has been below the neutral zone since December 3rd, while the 14-day RSI of 26 shows that Ether is currently oversold.

Ether has already dropped below the $3,000 support level. If the current market condition persists, ETH could trade around $2,800 for the first time since September.

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