ZetaChain Price Prediction: ZETA Rises 66% on Pump Debut as Analysts Say This Meme Coin Presale Could Be the Next Cryptocurrency to Explode

ZetaChain price rapidly increase Over the past 24 hours, more than 66% of the shares were trading at $0.9156 as of 8:25 a.m. ET, with investors betting big on the newly launched cryptocurrency.

ZetaChain price prints higher lows

ZETA/USDT 15-minute chart (Source: TradingView)

ZetaChain price hit its second highest low in the past hour, forming a positive trendline. If this bullish momentum continues, the altcoin could overcome the $0.9885 threshold and start rising.

This bullish argument could be invalidated if ZETA falls below the immediate support level of $0.8815. In this alternative scenario, ZetaChain price could fall to the subsequent support level at $0.7645.

Momentum is currently in favor of the bulls. This can be seen through the 9 and 20 exponential moving average (EMA) lines. The 9 EMA is located above the 20 EMA line, indicating that buyers have been more active over the last 9 candles on the 15-minute chart than over the previous 20 candles.

If this positive momentum continues, ZetaChain price may surpass $0.9885 before the end of today’s trading session.

While ZetaChain price prepares for a potential explosion, Sponge V2 is positioning itself to repeat the 100x gain it recorded during the 2023 bear market.

Working to build on previous successes

Sponge V1 achieved a 100x return for early-stage investors in mid-2023. It was also able to reach a peak market capitalization of $100 million. Now, the Sponge team is back and looking to give investors another opportunity to reap significant profits with its next launch. Sponge V2.

Turn up the volume, #SpongeV2 There’s a noise! 🎶🧽

It’s time to invest your stake $sponge! 💪#bull market #sponge #Cryptocurrency #SpongeV2 #altcoin #100x #Binance #pepe #Floki #viceroy pic.twitter.com/rqVG1ev1Vh

— $SPONGE (@spongeoneth) February 1, 2024

To ensure the success of Sponge V2, the team has prepared a list of a number of major centralized exchanges. In addition to this, the project will enter the fast-growing blockchain gaming industry by introducing a play-to-earn racer game.

This game is available in two versions: a paid version and a free version. In the paid version, players will have the opportunity to earn Sponge V2 tokens. This will introduce some level of utility to the ecosystem of meme coins.

Migrate to polygon networks

🚨 Important project update! 🚨

Due to a malicious attack on the Sponge V1 token, we will be moving all holders to Sponge V2 on February 5th at 11:00 PM UTC.

Please note $sponge V1 breaks.

We strongly advise all holders to withdraw their tokens… pic.twitter.com/itZelxAL9V

— $SPONGE (@spongeoneth) January 31, 2024

Following the attack on the liquidity pool, the Sponge team decided to migrate Sponge V2 to the highly scalable and fast-growing Polygon network. Migration to the network was always part of the project roadmap, but the team decided to expedite the transition for security reasons.

The expected date for the move to Polygon is set for Monday, February 5th and will take place at 11:00 PM UTC. This transition releases Sponge V2 and discontinues Sponge V1.

This not only improves the security and scalability of the project, but also significantly reduces transaction fees. The project is currently housed on the Ethereum blockchain, with average transaction fees ranging from $2.5 to $20.

Switching to Polygon will reduce the cost of these transactions to $0.38-$0.77. Sponge gamers can expect huge savings on-chain.

You can obtain Sponge V2 here.

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