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Cilinix Crypto highlights the possibility of a post-launch surge for Sponge V2, with some speculating it could even match the impressive 100x return achieved by its predecessor.
Before we get into Sponge V2 details, let’s quickly go over $SPONGE’s journey so far. In 2023, $SPONGE, a standout meme coin, gained attention for its impressive launch on Uniswap, leading to a rapid 340% price surge within a week.
Despite a subsequent decline common to meme coins, SPONGE has shown resilience with over 11,600 unique holders and strong community support on Twitter with over 23,000 followers.
Its peak market cap exceeded $100 million, with substantial daily trading volumes on Gate.io and OKX, both listing it shortly after Uniswap. The recent introduction of SPONGE’s staking protocol in November reignited interest, causing the token’s price to surge by over 500%.
Sponge V2 – Reviving the 100x hype in the world of meme coins
In the midst of the meme coin craze in May 2023, a lesser-known meme coin unexpectedly reached a $100 million market cap, providing early investors with a 100x return on investment. This project, called Sponge, was once expected to surpass Pepe.
Its success was fueled by achievements like being listed on ten major exchanges, gathering over 13,000 holders, and gaining 30,000 social media followers in just a few days. Now, the Sponge team is making a comeback, offering the community another opportunity for 100x gains with Sponge V2.
The new version includes a Play-to-Earn racing game, allowing users to earn cryptocurrency while boosting demand for $SPONGEV2. This could create more buying interest than the original Sponge, leading to additional potential for profit.
Crypto Gains, a trader, is optimistic about Sponge V2, suggesting it could replicate the 100x success of its predecessor. However, Sponge V2 is not a typical meme coin; it is currently unavailable on exchanges, and the only way to acquire it is through the sponge.vip website using the buy and stake campaign.
Investors’ tokens will be locked in the project’s staking contract until the campaign concludes, earning an extra yield based on the variable staking APY. For more information, see our guide to the best staking platforms here.
Sponge V2: New features and excitement for 2024 meme coin craze
Sponge V2 introduces a new “Stake-to-Bridge” method that connects the fresh token to the thriving SPONGE V1 ecosystem. V1 holders can earn $SPONGEV2 tokens by staking their current supply, receiving equivalent V2 tokens at the official launch in 2024.
The website promotes Sponge V2 as the “Krabby Patty” of community-driven meme coins, returning in a bigger and better form. Unlike the original, Sponge V2 kicks off at the beginning of the next bull cycle and includes a play-to-earn racing game for added utility.
Anticipation for the upcoming token is high, with over $3.9 million worth of SPONGE already staked to earn $SPONGEV2 rewards. Sponge V2 introduces a new play-to-earn game, bringing fun and value to the ecosystem. Users can earn $SPONGEV2 by playing, ranking on the leaderboard, with both free and paid versions.
Paid credits enable players to potentially earn more tokens. By offering the ability to earn more $SPONGEV2 in-game, Sponge V2 provides unmatched value for the meme coin community. Further details about the game will be shared on social media soon.
The innovative features of the bridging process and play-to-earn gaming could generate widespread interest, similar to the original Sponge token last year. The additional utility and incentives make Sponge V2 one of the most eagerly anticipated meme coin launches for 2024.
Its community-driven approach gives it an edge over meme coins supported by VC funds and wealthy founders. With the right tokenomics and a bit of luck, Sponge V2 could stand out as next year’s top gainers as the crypto bull market gains momentum.
While the meme coin space moves quickly, Sponge has proven its ability to capture broad public interest. All indications suggest that Sponge V2 could surpass the original by a significant margin in the years to come.
Conclusion
In a deeper look, Cilinix Crypto compares recent presales, referring to the Bitcoin ETF Token presale and TG.Casino’s performance. Despite some small price changes, Sponge seems to be gaining attention and excitement.
The possibility of the Bitcoin ETF being accepted is seen as something that could boost positive momentum in the markets. The video ends by highlighting staking as an additional factor, mentioning the appealing yearly yield of 375%, which is more than 1% daily.
Attention, #SPONGERS! 🧽💦
We’re thrilled to announce that our liquidity is now locked! 🔐
With 4,270,902,045 tokens already staked valued at $3,497,953 with an impressive current 378% APY, $SPONGE is stronger than ever!
Visit our website to find out more! ⚡️#SpongeV2 #Web3 pic.twitter.com/1tYOhx3Lcb
— $SPONGE (@spongeoneth) January 8, 2024
This two-in-one staking method is viewed as something that could encourage holding more tokens and reduce selling pressure when Sponge V2 launches, increasing the chances of a successful debut.
Cilinix Crypto is optimistic about Sponge V2’s potential success, emphasizing the importance of careful consideration and risk awareness for potential investors. To buy and stake to earn Sponge V2, visit sponge.vip.
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