$BAOBAO 109% Overnight Growth

Among the general chaos in the crypto market, the $BAOBAO memecoin showed dramatic growth — 109% overnight, and its capitalization reached $4.2 million. The overnight growth raised the interest of short-term profit-seeking investors and traders.
The main driver of $BAOBAO's growth is the activity of the community. Unlike most memecoins that grow on influencer or marketing budget-driven basis, this token is supported by grassroots players. They shill it out openly on social media, create memes and maintain the momentum. Relevance also helped — on the basis of growing interest in memecoins, $BAOBAO was at the right place at the right moment.
The project team is not segregated from other memecoins. There is no clear development roadmap, groundbreaking technologies or sizeable partnerships. So far, the popularity of $BAOBAO is based on sheer hype and community liking, and therefore it's a typical case of pump-and-dump trends.
In the near future, $BAOBAO will most likely face one of two scenarios:
Long development - if hype keeps piling up from the community, the token may find a position among the top memecoins.
Quick dump - when the hype fizzles out, investors will start selling, hence a quick price fall.
$BAOBAO is a mid-term memecoin which originated a classic case of a token that took flight because of the community. But we'll believe it when we see it - without fundamentals, we don't know what its future will be. Be careful, investors: great potential gains are accompanied by equally great risks. Further information regarding the token can be discovered within its contract - 4bXCaDUciWA5Qj1zmcZ9ryJsoqv4rahKD4r8zYYsbonk
We continue to monitor developments in $BAOBAO.
This article isn't financial advice!