Cryptocurrency Q&A
Why is BABYDOGE not on Binance?
Why is BABYDOGE not on Binance?
Sara
Fri Jul 26 2024
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7 answers
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I've been hearing a lot about BABYDOGE lately, and I'm curious to know why it's not listed on Binance, one of the largest and most popular cryptocurrency exchanges in the world. Could it be due to a lack of liquidity or trading volume? Or is there some other reason why BABYDOGE hasn't made its way onto the platform yet? I'm interested in investing in BABYDOGE and would like to know if there are any plans for it to be listed on Binance in the future.
7 answers
CryptoQueenBee
Sun Jul 28 2024
The total supply refers to the maximum number of coins that can ever exist, whereas the circulating supply represents the number of coins currently in circulation and available for trading.
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Isabella
Sun Jul 28 2024
Understanding this difference is essential for predicting a coin's future price movements. For instance, the relationship between the supply and demand of a coin can significantly impact its market value.
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KiteFlyer
Sun Jul 28 2024
In the case of Baby Doge Coin, it's important to note that the increase in its price does not necessarily lead to a decrease in its supply. However, the opposite can occur: as the price rises, more coins may enter the market, increasing the circulating supply.
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CryptoNinja
Sun Jul 28 2024
This dynamic can create a situation where the increased supply puts downward pressure on the coin's price, leading to a decrease in its value. It's a delicate balance that investors must be aware of when trading cryptocurrencies.
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EchoChaser
Sun Jul 28 2024
Cryptocurrency markets are complex and dynamic, with various factors influencing their performance. One crucial aspect to consider is the distinction between the total supply and the circulating supply of a given coin.
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