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Crypto Boy provides updates on $SPONGE’s recent changes, from discontinuing $SPONGEV1 to transitioning to $SPONGEV2, offering insights for investors and traders.
A new meme coin, Sponge V2 (SPONGEV2), is making waves in the market. A crypto YouTuber suggests $SPONGEV2 could follow in the footsteps of Pepe (PEPE).
Additionally, there’s talk of significant price increases this year, fueled by online excitement and practical use.
$SPONGE migration to Polygon boosts price, sees rally on Uniswap DEX
$SPONGEV2 created a buzz last week by migrating from Ethereum to the Polygon network. This move aimed to utilize Polygon’s rapid transactions and low fees to enhance the token’s performance. Since the transition, $SPONGEV2 has experienced significant positive momentum on the Uniswap DEX.
In the nine days following the migration, its value surged by 90% to $0.001. According to DEXTools.io, the token’s market cap now surpasses $45 million, with a fully diluted market cap exceeding $167 million. This indicates that $SPONGE has ample room for growth if its fully diluted market cap is ever realized.
Following the price surge of $SPONGEV2, community discussions are now focusing on the future. The upcoming Play-to-Earn game and planned exchange listings could serve as substantial catalysts driving the token even higher in the coming months.
With meme coin excitement seemingly making a comeback in the crypto market, the future appears exceptionally promising for $SPONGEV2.
Play-to-Earn racing game and staking rewards give $SPONGEV2 utility beyond meme hype
Looking forward, much of the excitement about Sponge V2 revolves around its development of a Play-to-Earn (P2E) crypto game. While details are still scarce, rumors suggest the game will involve racing mechanics, offering opportunities to earn $SPONGEV2 tokens through gameplay and leaderboard rankings.
Alongside the token’s high staking rewards, currently at 1185% per year on Polygon, these features make $SPONGEV2 stand out in the crowded meme coin arena. According to Sponge V2’s whitepaper, over half of the token supply is allocated for staking and P2E rewards, showing the development team’s dedication to community involvement.
Individuals interested in acquiring $SPONGEV2 tokens can stake their original $SPONGE tokens in the Sponge V2 contract at spongetoken.vip. Although $SPONGE is no longer available on exchanges, token holders can still utilize them to generate yield.
Don't be stupid. Absord the damp 🧽$SPONGE #SpongeV2 #Crypto #Alts pic.twitter.com/uDm7qPo2rc
— $SPONGE (@spongeoneth) February 14, 2024
In just over two months, more than $8.7 million worth of value has been staked and bridged in this manner, with expectations of further growth. The creators of Sponge V2 plan to list the token on “bigger and better” exchanges than its predecessor.
The $SPONGE team now aims for another significant return with the $SPONGEV2 token, targeting listings on Tier-1 exchanges such as Binance and OKX. Some experts believe Sponge V2 could be a 100x investment in 2024.
The smooth transition from Sponge V1 to the new version, combined with added utility, suggests Sponge V2 could compete with top meme coins this year. To acquire $SPONGEV2 token visit spongetoken.vip.
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