was one of the top trending cryptocurrencies on X in the last 24 hours, and for good reason. The memecoin has extended the bullish uptick reignited by Elon Musk more than two days ago.
Baby Doge is on the verge of attaining a new all-time high. The memecoin rallied as high as $0.0000000067 in the last 24 hours at the time of observation.Baby Doge was only a 7% rally away from a new all-time high at its latest peak. However, the cryptocurrency demonstrated some profit-taking. But could this limit its ability to push to new highs?
However, the number of addresses at an all-time low have been growing rapidly over the last few months despite the rally.This observation signaled that new addresses have been driving the recent surge. It may also suggest that they may not be in deep enough profits to trigger a major sell-off.Speaking of demand, Baby Doge’s demand was backed by a surge in Open Interest. The latter rallied as high as $4.63 million in the last 24 hours.
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