Coinspeaker
Baby Doge Coin (BABYDOGE) Price Surges 15% after New DAO Proposal to Eliminate Transaction Tax
Baby Doge Coin (BABYDOGE), a fast-growing meme coin based on the BNB Chain and Ethereum network, has made several headlines amid a bearish crypto outlook. The small-cap meme coin, which thrived from a tweet by tech billionaire Elon Musk, rallied as much as 16 percent in the past 24 hours to trade around $0.000000002 on Thursday during the mid-London session.
The notable spike of BABYDOGE price against the US dollar is directly attributed to the new DAO proposal to eliminate transaction taxes. Remarkably, the BABYDOGE community overwhelmingly supported the DAO proposal with over 99 percent.
Furthermore, BABYDOGE meme coin has been charging crypto traders 10 percent as transaction fees to enable the monthly burns in addition to funding its ecosystem. The elimination of transaction tax will enable BABYDOGE to compete with other top-tier meme coins in the confirmed crypto
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