$SPONGE Meme Coin Rises 108% – Will the Next Cryptocurrency Be 10X Your Money?

adminFebruary 17, 2024

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The meme coin market has had a sluggish start to 2024, but not all meme coins have faced a sell-off, with the $SPONGE token price soaring more than 108% in the past week.

In May 2023, the Sponge token appeared on the cryptocurrency scene and quickly achieved a market capitalization of nearly $100 million in a matter of days. During the initial surge, $SPONGE was listed on 10 centralized cryptocurrency exchanges, including MEXC, Poloniex, LBank, Bitget, and others.

By May 9, the token reached an all-time high of $0.001061. Like many meme coins, $SPONGE’s price has fallen significantly from its peak, but unlike other coins in its category, it has maintained its popularity.

Sponge’s official Telegram channel, which has over 13,000 token holders, has seen a surge in new members and lively discussions about the token’s potential.

Transition to Sponge V2 with enhanced security and staking rewards

The renewed interest in the original Sponge token is primarily due to the impending release of Sponge V2. The Sponge team has introduced a new staking structure that will reward original token holders $SPONGEV2 at launch.

Sponge V2 aims to build on the buzz of its predecessor by incorporating real utility features. Recently, the Sponge team announced the discontinuation of Sponge V1 in order to quickly transition to the $SPONGEV2 Polygon version. This was prompted by the need for improved security and efficiency following malicious attacks on liquidity pools.

Moving to Polygon will give $SPONGEV2 tokens access to a powerful network known for scalability and low transaction costs. New investors can purchase and stake Sponge V2 on the Spongetoken.vip website, where their tokens will be locked until the end of the campaign and receive additional staking rewards.

Investors can earn passive income through the Sponge V2 staking option, boasting an impressive Annual Percentage Yield (APY) of 195%. Currently, over 8 billion $SPONGE tokens have already been staked. Sponge V2 is poised to be the next 100x investment, building on the success of its predecessor.

With a solid social media following and increased coverage in cryptocurrency media, $SPONGEV2 is positioned to compete as the best meme coin of 2024.

Watch the video above to stay up to date on the latest updates on Sponge tokens and subscribe to his YouTube channel for additional crypto content. Jacob Crypto Bury also operates a Discord server with 20,000 members, providing valuable trading insights and updates on upcoming cryptocurrency presales.

Sponge V2 Play-to-Earn Platform – Driving Long-Term Sustainability

Sponge V2 is focused on achieving long-term sustainability by introducing a Play-to-Earn (P2E) gaming platform. The team plans to release Sponge Racer, a game that will offer both a free and paid version where players can participate in races to earn token rewards.

To access the paid version, users must purchase credits using $SPONGEV2 tokens. This paid version includes a worldwide leaderboard, giving players a chance to win additional $SPONGEV2 tokens.

Don’t do anything stupid. Absorb moisture 🧽$sponge #Sponge V2 #Cryptocurrency #how pic.twitter.com/uDm7qPo2rc
— $SPONGE (@spongeoneth) February 14, 2024

The integration of token utility ensures that its value is directly influenced by platform activity, distinguishing it from previous tokens and other meme coins that are primarily driven by hype and speculation. Check Sponge v2 price prediction for 2024.

With a total supply of 150 billion $SPONGEV2 tokens, the team has allocated 26.93% to $SPONGE bridging, 43.09% to staking rewards, 10% to centralized exchange (CEX) liquidity, 7.5% to marketing, and 8% to play-to-play. . Get rewarded and get 4.47% for game development. To earn $SPONGEV2 tokens, visit Spongetoken.vip.

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