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The $SPONGE token is exhibiting bullish strength and upward momentum, showcasing a noteworthy 74% increase in performance over the past 30 days.
$SPONGE experienced an extraordinary journey last year in May 2023 following its launch on Uniswap. It surged by 340% within a week as interest surged for the SpongeBob-themed token. The success story continued with listings on various crypto exchanges, reaching a peak market cap exceeding $100 million.
Demonstrating resilience even in the bear market, $SPONGEV1 currently boasts over 12,000 holders according to Etherscan data. At the time of writing, the $SPONGE token has witnessed a significant drop of 10.99% in the past 24 hours, currently trading at $0.000755.
Nevertheless, indications of a recovery are evident, with expectations for the price to stabilize at a support level of $0.000804 and resistance at $0.000909. Looking ahead to 2024, the Sponge team announces the launch of Sponge V2 for those who missed the 100x surge of $SPONGE.
Now is the opportunity to acquire $SPONGEV2, set to debut on a larger and more prominent exchange. Sponge V2 aims to create connections between the thriving Sponge V1 community and a broader audience interested in meme coins.
Providing gamified utility and tailored incentives for cryptocurrency enthusiasts at the community level, Sponge V2 meets all the essential criteria to attract attention when altcoins regain momentum.
A Staking Revolution with Exclusive Play-to-Earn Opportunities in Sponge V2
Sponge V2 introduces a unique approach to its presale, requiring potential investors to stake existing Sponge V1 tokens in order to receive Sponge V2 tokens. This innovative stake-to-bridge method is designed to foster long-term commitment and establish a strong investor base leading up to the official launch.
Interested individuals can obtain $SPONGEV2 through two options: either by purchasing and staking Sponge V1 via the Sponge.vip website’s buy widget or by staking held Sponge V1 through the same platform. The quantity and duration of staked V1 tokens directly influence the accumulation of V2 tokens.
Once the remaining supply of Sponge V1 is depleted, claimable status for Sponge V2 will be initiated. All V1 tokens directed to the V2 staking pool will secure an equivalent amount of V2 tokens, earning returns based on the variable annual percentage yield (APY), currently standing at 340% with over 4 billion $SPONGE tokens already staked.
📢 Daily Staking Update!
Today, a staggering 4,705,172,778 $SPONGE tokens are staked, with a total value of $3,944,150.86! 🤯
Plus, our holders are enjoying an impressive 343% APY.
Don't miss out on these remarkable rewards! 🧽🧽🧽#AltSeason #SpongeV2 #Crypto pic.twitter.com/b4i7vD0uTY
— $SPONGE (@spongeoneth) January 12, 2024
It is important to note that staked V1 tokens will be permanently locked, signaling the shift away from supporting V1 post-Sponge V2 launch. Additionally, the Sponge V2 team is actively developing an exclusive Play-to-Earn (P2E) game, introducing a thrilling utility to the token.
Users can earn $SPONGEV2 tokens by participating in the game and ranking on the leaderboard. The game will offer both free and paid versions, providing users with the flexibility to play for leisure or utilize $SPONGEV2 tokens for purchasing game credits and enhancing in-game earnings.
To learn more about the Sponge token updates check out the video above, and subscribe to his YouTube channel for additional crypto-related content. Jacob Crypto Bury also oversees a Discord server with a community of 20,000 members, providing trading insights and information about upcoming crypto presales.
Sponge V2’s Roadmap to Mainstream Integration
While maintaining its viral meme appeal, Sponge V2 aspires to achieve widespread adoption by incorporating real-world utility. Functioning as an ERC-20 token on the Ethereum blockchain, Sponge V2’s roadmap articulates ambitious objectives.
Comprising three stages, Stage 1 emphasizes the launch of staking, buy-to-stake bonuses, and game research. In Stage 2, the focus shifts to V2 claims, game development, and the objective of attaining 10,000 holders.
The final stage, Stage 3, sets its sights on securing listings on major exchanges, unveiling the game, and reaching a substantial $100 million market cap.
Engage actively in the Sponge ecosystem by joining the Telegram channel and following social media platforms, such as X (formerly Twitter), where you’ll receive regular updates on exchange listings and development milestones. To take part in the $SPONGEV2 presale visit spongetoken.vip.
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- Crypto Gains Reviews Sponge V2 Presale – Could This New Meme Coin Be Poised for Another 100x Surge?
- Investors Flock to Sponge V2 Meme Crypto With the Launch of Its Unique Stake-to-Bridge Mechanism
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