Will WOJAK Sustain Its Upward Trend

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Investors have grown curious in the memecoin WOJAK as a result of its market value rocketing by more than 1000% in just seven days.

But despite how amazing this is, financial analysts claim that there is a fresh face on the market that is a more profitable investment than Wojak.

WOJAK’s steady gains

The Wojak meme is the inspiration for the Wojak memecoin, which is a cryptocurrency based not on an animal mascot or meme but rather on a popular meme that depicts a human-looking character.

Trading memes, participating in a variety of community events, and making connections are all important aspects of the coin’s ultimate goal, which is to increase the use of decentralized platforms. This memecoin has experienced an extraordinary bull run, which has resulted in it reaching a market value of over $33,496,508 in a little over a month’s time.

Early investors have already made a profit that is 10 times larger than their initial investment, and they continue to hold out hope for even greater returns as a result of the recent listing of memecoin on centralized exchanges such as Gate.io and Bitget.

WOJAK price analysis

The latest price of Wojak, as determined by the technical analysis, is $0.000321 USD, and the current CoinMarketCap ranking is #2629. The value of the cryptocurrency has declined by a total of -37.49% in the last twenty-four hours.

When we compare today’s market value of the WOJAK to yesterday’s, we see that the market cap has decreased as well. The Wojak cryptocurrency is having a difficult time joining ranks with other cryptocurrencies. Visit and learn from our guide to the best meme coins to buy here.

The WOJAK has experienced a price decrease of roughly 49.7% over the past week. The currency has been displaying risky framing segments for the past few days. Although the coin might have solid fundamentals, we aren’t convinced that it would be a successful asset in the short run.

Alternative memecoin with massive returns

Everyone is on the lookout for the next Pepe coin, and other cryptocurrencies, such as Wojak (WOJAK), have recently seen an increase in the number of investors, which has caused their prices to rise. However, it seems that the SpongeBob token is about to experience a substantial rise in its price.

It follows logically, as you can see, that any achievement that the meme currencies have may be attributed to their phenomenon of virality. People are reminded of one of the earliest internet memes when they see Pepe currency, and this feeling of nostalgia helps spread the word about the coin and attract investors.

Once this begins, there is a domino effect that is similar to a snowball that results from the fear of missing out felt by other investors. Now, the use of this crypto coin holds the potential for huge returns for smart investors like yourself. On May 4th, the $SPONGE coin was introduced to the Uniswap decentralized trading platform.

Since then, it has soared almost 30 times at its high, prior to a wider market drop that followed the announcement that Binance had paused BTC withdrawals on May 8th. Trading volume has been spiking as well. There has been trading of $SPONGE worth more than one hundred million dollars.

Its fully diluted market cap was slightly over $40 million at the time of this writing, which is less than 5% of Pepe’s market cap. On May 4th, its fully diluted market cap was under $3 million. $SPONGE is currently being tracked by CoinMarketCap, one of the most renowned services that provides data on the cryptocurrency market.

Additionally, the project has been ranked as a top trending project on DexTools, reaching as high as the number one hot pair on multiple occasions while Pepe remained in the number two position. Given that the $SPONGE cryptocurrency did not undergo a presale and was immediately made available for trading on exchanges, the lightning-fast pace at which it has garnered attention is all the more astonishing.

In addition, the SpongeBob initiative did not have much in the way of social media promotion leading up to the introduction of the project. After the success of the rival token, it is obvious that traders are looking for more meme coins to invest in. The idea of purchasing a SpongeBob token intrigues many people.

In fact, several experts are already pointing to $SPONGE as the next meme coin that is going to explode. A market analyst has the view that, due to the widespread appeal of the SpongeBob Squarepants universe and the potential for memes, $SPONGE has the potential to deliver returns of 1,000 times its current value.

In order to maintain the highest possible level of liquidity, the quantity of $SPONGE tokens is capped at 40,400,000,000, and the platform is not charging any transaction fees.

SPONGE to join Binance trading platform?

Investors in SpongeBob’s $SPONGE token are encouraged by the recent Binance listings of rival tokens Pepe and Floki. The inclusion of $SPONGE on Binance would be hugely positive news for the cryptocurrency and almost probably lead to a reversal of the catastrophic downward trend that has been observed over the course of the previous 24 hours.

HUGE NEWS! 🔥

Tomorrow $SPONGE is getting listed on a top 10 exchange! 🚀🌙

Can you guess who it's going to be? 👀#Memecoin #CryptoCommunity $PEPE $TURBO $MONG $HER $JEFF $RIBBIT $POOH $BOB pic.twitter.com/wFkONmIdro

— $SPONGE (@spongeoneth) May 8, 2023

Popular exchanges like Binance and Coinbase are keeping an eye on the SpongeBob coin, however it is too soon to say whether they will sell $SPONGE. Despite the fact that $SPONGE is not yet available on Coinbase’s centralized exchange, the business has a comprehensive piece explaining how to purchase the cryptocurrency using Coinbase Wallet,

its self-custodial wallet. Investors in SpongeBob will first have to make do with listings on less well-known exchanges. But the project just hinted to a significant Top 10 placement for tomorrow on Twitter. See our guide on how to buy SPONGE token here.

Conclusion

You may find the next big meme currency by using Twitter and Dextools, which might be wonderful resources for investors. However there is a little doubt that meme currency will remain popular. People can’t stop talking about it because of the utility they provide and the fact that its value typically increases during market booms.

Forecasts for the cryptocurrency industry in the next months are optimistic, which bodes well for the rise of meme currencies like SPONGE.

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