Meme coins have been among the biggest gainers in the cryptocurrency markets throughout the year. Many traders expected that most meme coins wouldn’t be able to break out of stagnation, but things turned around quickly, and some of them made gains of up to 2.500% in 2023.
PEPE, for example, was on a downtrend for over six months before it entered a bullish phase in late October 2023. It gained over 400% in the past two months, which is impressive, but it can’t compare to the massive potential of the new meme on the block – SpongeV2.
PEPE Bullish While Pushing Through Critical Resistance Zones
PEPE had an impressive run in the past few months. It entered December 2023 at a price point of $0.000001085, about 200% higher than the token’s value at the end of October. The significant gains surprised everyone, but the gains didn’t stop there. PEPE continued to grow throughout December, gaining over 21% in the past few weeks.
Even with all this growth, PEPE is at the 75% mark of its all-time high of $0.000004354, which occurred on May 5, 2023. The latest predictions made by experts say that the token will keep gaining value in the next few weeks, climbing to as much as $0.0000044 in early 2024. However, the token is expected to pull back to $0.00000082 before exploding by up to 500%. Such price movements are normal in crypto markets, and many platforms go through a consolidation period before experiencing massive gains.
The risk-reward ratio keeps growing and could increase in case of liquidation or invalidation. That said, PEPE is generally sold by smaller traders, which means that it will likely go up once the whales buy out all of the tokens.
All this growth is great, but PEPE was outperformed by newer meme coins in the same period. For example, BONK and Dogwifhatboth experienced massive gains in the past month. BONK gained over 37,000% in the past year, beating almost all Solana and Ethereum projects in one swoop.
The next big meme coin expected to explode in the upcoming period is SpongeV2, a new version of the $SPONGE token that gained over 2,500% in Q2 of 2023. The new version offers better utility, and you can only get them through a Stake-to-Bridge reward system. So, let’s see why you should join the community ASAP.
SpongeV2 – New and Improved Version of the $SPONGE Token
SpongeV2 is the second coming of $SPONGE, one of the rare 100x community meme coins 2023. The initial $SPONGE token was released without a presale event, and it practically exploded immediately, gaining over 2,500% in the first week. The Sponge Token community quickly grew to over 30,000 members, and the token became a popular investment option, especially among meme coin enthusiasts.
However, the original coin was made for entertainment purposes only, so it didn’t offer any utility or long-term growth potential. That’s why the developers developed SPONGEV2, the utility token for a Play-to-Earn crypto game. The newly gained utility will result in better exchange listings, faster growth, and long-term potential.
The release of the new version will likely repeat and surpass the gains of $SPONGEV1, as the team dedicated many more resources to a marketing campaign that should help spread awareness and the token’s adoption. So, let’s see what makes SPONGEV2 unique and why it should be on top of your investing list.
SPONGEV2 Upgraded Features
Sponge V2 tokens are an upgraded version of Sponge V1. The new tokens are built on the Ethereum blockchain, making ERC-20 coins easily compatible with all crypto wallets. Tokens will be given out via the Stake-to-Bridge reward system, which will not only repeat the massive gains of V1 but surpass them in the next few months.
After all, $SPONGE was one of the biggest meme coins in 2023, as it was only $1 million short of the $100 million market cap goal at its peak. All early investors made over 100x in returns, and the platform still has a $16 million market cap and over 11.500 token holders. The new version will likely upgrade the existing features, reaching more exchanges and resulting in swift growth, similar to BONK.
How to Get Sponge V2 Tokens
The only way to get your hands on the new SPONGE token version is to buy $SPONGE coins and stake them on the official website. SPONGEV2 can only be obtained through a Stake-to-Bridge mechanism that requires holders to stake their V1 tokens to get the same amount of V2 in return. Moreover, the staking has a 40% APY, as V2 coins will be given out over the next four years, allowing users to earn more V2 tokens by waiting longer to get them.
The more V1 you stake, the more Sponge V2 you can claim. All staked V1 tokens will stay permanently locked after the event and will no longer be supported once V2 goes live. The new version will launch just as the crypto markets enter the next bullish phase, along with the P2E game that will allow users to earn extra Sponge V2 for playing and completing challenges.
Final Words
2023 was an excellent year for meme coins, but 2024 will be even better. All memes will keep growing steadily, but emerging platforms like SPONGEV2 will likely outperform the rest and result in some of the highest gains in crypto markets moving forward.
If you want to get your hands on SPONGEV2 tokens, you must buy and stake $SPONGE V1 and wait until the staking period is over. Alternatively, you can stake your $SPONGE for up to four years to get 40% APY, so SPONGEV2 is a great short and long-term investment option you want to take advantage of.
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