Baby Doge Coin has experienced a significant surge in value, increasing by over 160% in the past week and reaching an all-time high on December 10. This rally began on December 7 and has resulted in the memecoin trading near $0.000000006179, with a market capitalization of approximately $965 million.

The recent spike in Baby Doge Coin's value can be attributed to a tweet from Elon Musk, which has reignited interest in the memecoin sector. With a trading volume of over $1.4 billion in the last 24 hours, Baby Doge Coin has become one of the most actively traded memecoins and currently ranks as the 11th largest in the market.

Additionally, Baby Doge Coin has surpassed the $1 billion market cap threshold, a milestone often associated with bullish trends in the memecoin space. This resurgence coincides with Bitcoin stabilizing around the $90,000 mark after reaching a recent peak of $100,000, leading to significant gains in various altcoins and memecoins.