$SPONGE Token Rises 10x in One Month – Could This Be the Next $PEPE or $SNEK?

adminJanuary 14, 2024

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The $SPONGE token is showing strength and upward momentum, showing a notable 74% increase in performance over the past 30 days.

$SPONGE has experienced an extraordinary journey since its launch on Uniswap last year in May 2023. Interest in the SpongeBob-themed token soared, sending it soaring 340% in just one week. The success story continued as it was listed on various cryptocurrency exchanges, reaching a peak market capitalization of over $100 million.

Proving its resilience even during bear markets, $SPONGEV1 currently boasts over 12,000 holders according to Etherscan data. As of this writing, the $SPONGE token has seen a significant decline of 10.99% in the last 24 hours and is currently trading at $0.000755.

Nonetheless, signs of recovery are clear, with the price expected to stabilize around the support level of $0.000804 and resistance level of $0.000909. Looking ahead to 2024, the Sponge team announces the release of Sponge V2 for those who missed the 100x surge in $SPONGE.

Now is your chance to win $SPONGEV2 for its debut on bigger and more prominent exchanges. Sponge V2 aims to create a connection between the thriving Sponge V1 community and a wider audience interested in meme coins.

Offering gamified utilities and custom incentives for cryptocurrency enthusiasts at a community level, Sponge V2 meets all the necessary criteria to gain traction when altcoins gain momentum again.

Revolutionize staking with Sponge V2’s exclusive play-to-earn opportunity

Sponge V2 takes a unique approach to its presale, requiring potential investors to stake their existing Sponge V1 tokens to receive Sponge V2 tokens. This innovative stake-to-bridge approach is designed to foster long-term commitment and build a strong investor base ahead of official launch.

Interested individuals can purchase and stake Sponge V1 through the purchase widget on the Sponge.vip website or earn $SPONGEV2 by staking Sponge V1 through the same platform. The quantity and duration of staked V1 tokens directly affect the accumulation of V2 tokens.

Once the remaining supply of Sponge V1 is depleted, Sponge V2 will enter a billable state. Every V1 token destined for the V2 staking pool secures an equal amount of V2 tokens, earning returns based on Variable Annual Percentage Yield (APY). There are currently over 4 billion $SPONGE tokens staked, currently at 340%.

📢Daily staking updates!
Today, a whopping 4,705,172,778 people $sponge Tokens are staked and have a total value of $3,944,150.86! 🤯
Plus, our holders enjoy an impressive 343% APY.
Don’t miss out on these amazing rewards! 🧽🧽🧽#AltSeason #SpongeV2 #Cryptocurrency pic.twitter.com/b4i7vD0uTY
— $SPONGE (@spongeoneth) January 12, 2024

Staked V1 tokens will be permanently locked, signaling the end of V1 support following the release of Sponge V2. Additionally, the Sponge V2 team is actively developing exclusive Play-to-Earn (P2E) games that bring thrilling utility to the token.

Users can earn $SPONGEV2 tokens by participating in games and ranking on the leaderboard. The game offers both free and paid versions, giving users the flexibility to play at their leisure or utilize $SPONGEV2 tokens to purchase game credits and boost in-game earnings.

Check out the video above to learn more about Sponge token updates and subscribe to his YouTube channel for more cryptocurrency-related content. Jacob Crypto Bury also oversees a Discord server with a community of 20,000 members, providing trading insights and information on upcoming cryptocurrency presales.

Sponge V2’s roadmap for mainstream integration

Sponge V2 aspires to widespread adoption by incorporating real-world utility while retaining the appeal of the viral meme. Operating as an ERC-20 token on the Ethereum blockchain, Sponge V2’s roadmap sets out ambitious goals.

Consisting of three stages, Stage 1 emphasizes staking initiation, stake purchase bonuses and game research. Phase 2 focuses on V2 claims, game development, and the goal of reaching 10,000 holders.

In the final phase, Phase 3, the goal is to secure a listing on a major exchange, make the game public, and achieve a significant market capitalization of $100 million.

Be an active part of the Sponge ecosystem by joining our Telegram channel and following us on social media platforms such as: X (formerly Twitter)You can receive regular updates on exchange listings and development schedules here. To participate in the $SPONGEV2 presale, visit Spongetoken.vip.

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