The price of Baby Doge Coin has surged by more than 38% within a 24-hour period, achieving a new weekly peak of $0.000000002237. This notable increase is mainly credited to BabyDoge's recent addition to the perpetual listing on Bybit, one of the world's leading cryptocurrency exchanges. As the global cryptocurrency market appears lethargic in anticipation of the US May 2024 Consumer Price Index report scheduled for release on June 12 at 12 p.m. UTC, Baby Doge Coin has defied the trend with a substantial rally, escalating from $0.000000001621 to $0.000000002237 in a single day.

The surge in BabyDoge's value can be directly associated with its perpetual listing on Bybit, which now manages an impressive $71.13 million in BabyDoge trading volume, attributing significantly to the observed price surge. Bybit has maintained its position as one of the world's major exchanges with an overall trading volume of 5.3 billion.

Presently, BabyDoge is priced at $0.000000001843 with a market cap of $264 million, showcasing a 12.12% surge in the past 24 hours. The trading volume recorded a striking surge of 383% to $85.48 million, ranking BabyDoge at 97th in trading volume.

Baby Doge Coin has experienced a 15% increase over the past month and a 29% rise in the last six months, demonstrating significant growth. Since the beginning of the year, this memecoin has witnessed a remarkable surge of over 236%, quadrupling its market value.

Analysts foresee BabyDoge's price to average around $0.00000000257 in June 2024 if the ongoing positive trend persists. Predictions indicate potential price fluctuations ranging between $0.000000001626 to $0.00000000352. However, a fall below $0.000000001534 might lead BabyDoge into a bearish phase with prices dropping between $0.000000001095 and $0.000000001456.