Baby Doge Coin (CRYPTO: BabyDoge), perceived by many as the Dogecoin (CRYPTO: DOGE) killer, saw a major price downturn today despite the cryptocurrency making major announcements.
What Happened: According to CoinMarketCap data, Baby Doge Coin’s price decreased by nearly 39% from its 24-hour high of $0.000000003975 to a low of $0.000000002428, before settling at $0.000000002871 as of press time.
The coin’s price fell despite the fact that its team revealed that a NASCAR race car will feature Baby Doge Coin branding.
According to a recent report, the driver Brandon Brown appreciated that the coin donated $100,000 to help save dogs and noted that “being a dog owner and animal lover” he is “very excited” about the upcoming partnership and “the meaning behind Baby Doge Coin’s initiatives.”
“The car looks awesome and I can’t wait for everybody to see it on track this weekend.”
What Else: The Baby Doge Coin is not the first cryptocurrency to be featured on NASCAR cars.
Dogecoin recently made an appearance on a car at the offroad racing competition, while Shiba Inu (CRYPTO: SHIB) might also soon do the same.
Photo: Courtesy of Baby Doge Coin
For the latest in financial news, exclusive stories, memes follow Benzinga on Twitter, Facebook & Instagram. For the best interviews, stock market talk & videos, subscribe to our YouTube channel.
© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights
reserved.
This news is republished from another source. You can check the original article here.
Be the first to comment