💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Baby Doge Army Keeps Growing While Shiba Inu Lags Behind By 500K Holders

Published 13/12/2022, 12:00
© Reuters.  Baby Doge Army Keeps Growing While Shiba Inu Lags Behind By 500K Holders

Benzinga - Baby Doge (CRYPTO: BABYDOGE) has continued to outpace Shiba Inu (CRYPTO: SHIB) in terms of the number of holders, with a growing and passionate community dedicated to its success.

What Happened: According to a recent tweet by BabyDoge burn transactions have seen an increase in new holders. The total number of holders of Baby Doge stands at 1.64 million.

See More: Best Crypto Day Trading Strategies

The number of SHIB holders is rising, but not as quickly as BabyDoge. SHIB has 23% fewer holders, 1.26 million in total, lagging BabyDoge by nearly 500,000.

According to Etherscan data, in December, SHIB saw an average of 643 new holders added daily. This stands in stark contrast to the situation at the end of November when SHIB lost almost 9,000 holders.

Price Action: At the time of writing, Baby Doge was trading at $0.000000001037 down 3.97% in the last 24 hours, according to Benzinga Pro.

Read Next: Bitcoin, Ethereum, Dogecoin Mixed Amid Possible Trouble For Binance: Analyst Says Crypto Traders More Concerned About Insolvency Risk

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.