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In Conor Kenny’s newest video, he discusses Sponge V2, an altcoin worth considering for those who want to earn big rewards.
If you missed Sponge’s amazing 100x growth in 2023, now is a good time to explore Sponge V2 and possibly gain similar rewards.
Sponge V2, backed by an unknown team, is getting ready to launch on bigger and more trusted exchanges, making it easier to access and more credible.
$SPONGEV2 price prediction
The current state of the crypto market holds particular intrigue due to the ongoing impact of the Bitcoin halving, which has already begun influencing the prices of numerous coins. Initially valued at $0.000025, $SPONGE has now reached $0.0027 with continued affordability.
In terms of price projection for $SPONGEV2, its potential to reach $0.003 positions it as a strong contender among the top cryptocurrencies to monitor in 2024. Should the anticipated bull run materialize, $SPONGE could ascend to even greater heights.
A bullish scenario could witness the token concluding the year with a price nearing $0.004, signaling a promising trajectory for investors. By 2028, the issuance of new V2 staking rewards from locked V1 tokens in $SPONGE will cease, marking the conclusion of the project’s inflationary tokenomics.
This transition will exert pressure on the existing $SPONGE supply, potentially catalyzing a surge in token prices if demand exceeds available trading supply. Analyzing Sponge V2’s tokenomics over the coming years suggests a potential significant increase in the $SPONGE price.
Expected sources of demand include the Play-to-Earn game associated with the project and any additional developments within the next six years. Considering these factors, $SPONGE demonstrates robust long-term potential.
Analysts predict a target price of $0.0100 by the end of 2030, with a corresponding market cap exceeding $400 million. This projection aligns $SPONGE with the market cap of other highly successful meme coins, such as $PEPE, signaling an opportune moment to secure your tokens.
To gain insight into the potential of this new project, check out our price prediction for Sponge V2.
Sponge V2 – Meme coin with high upside potential and rewards
The meme coin that’s getting a lot of attention from investors is Sponge V2 on Polygon. Some experts are really optimistic about this project, saying its recent performance shows huge potential in 2024. Even though it reached a peak of $0.00423 on March 9 and then dropped a bit, it’s bounced back by 6% in the last 24 hours.
Sponge V2 has been doing really well over the past month, with its value going up by 120%. It reached a high point of $0.004, with a market cap of $100 million, which makes it a strong player in the meme coin market.
Even though other meme coins had a small drop, Sponge’s price increase shows that more investors might be interested, suggesting Sponge could become a big deal in the crypto world. Since it started, the value of $SPONGE has gone up by a huge 6000%, showing it’s a smart investment in crypto.
People who sold $SPONGE be like: pic.twitter.com/lAOLRe3fy6
— $SPONGE (@spongeoneth) March 20, 2024
Buying $SPONGE tokens is easy – you just connect Trust Wallet or MetaMask, stake $SPONGE tokens, or buy them using USDT, MATIC, or ETH, and then enjoy the rewards. One big reason people like this crypto project is because of its staking feature.
The project has gained considerable momentum, with more than 9 billion $SPONGE tokens staked, crossing the $26 million mark on the Staked and Bridged platforms. You can still get and stake tokens to earn Sponge V2 and get a 172% ETH reward rate and a 407% Polygon token reward rate.
The project also lets new and old $SPONGE holders take part with a stake-to-bridge mechanism. This means everyone gets a chance to join and benefit from the project in a way that’s easy and fair.
Future of Sponge V2 with its tokenomics and upcoming Play-to-Earn game
The Sponge V2 team is creating a Play-to-Earn (P2E) game, where players can earn $SPONGEV2 tokens by achieving high rankings on the leaderboard. The game will have free and paid versions, providing users with the option to play for fun or use tokens to buy game credits for extra earnings.
Although the game isn’t available yet, progress suggests it’s beyond the planning stage. This game is expected to boost the token’s utility, aligning with the project’s growth strategy.
The tokenomics of Sponge V2 include a total of 150 billion tokens, carefully allocated across categories to support ecosystem growth. This distribution, with 43.09% for staking rewards, 26.93% for bridged $SPONGE, and 10% for CEX liquidity, enhances transparency and investor confidence.
The remaining tokens are designated for marketing, game development, and Play-to-Earn rewards, completing the comprehensive plan. To acquire $SPONGEV2 token visit spongetoken.vip.
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