Can Sponge V2 Repeat a 100x Surge In Its Upcoming Launch? Oscar Ramos Video Review

Oscar Ramos supplies his honest insights on this new meme coin, expressing bullish sentiment resulting from its exceptional surge of over 200% in worth.

Huge traders are gathering Sponge token (SPONGEV2) in hopes of it getting listed on prime exchanges quickly. Sponge’s worth evaluation hints at vital worth adjustments within the upcoming weeks.

This elevated curiosity comes after efficiently transferring the Sponge ecosystem, which concerned relaunching the revered 2023 $SPONGE token on the Polygon community, now referred to as $SPONGEV2.

What’s $SPONGEV2 and may it replicate the success of $SPONGEV1?

Sponge V1 burst onto the scene in the course of the robust instances of the Might 2023 bear market. This honest launch token gained instantaneous recognition amongst meme coin fans, due to its catchy title that introduced again nostalgic reminiscences.

In a exceptional flip of occasions, Sponge V1 rapidly grew to become one of many standout meme coin launches of the yr. Its market cap soared to over $100 million, attracting a neighborhood of over 13,000 holders, together with 30,000 followers on social media.

The surge in worth was largely pushed by listings on greater than 10 centralized exchanges, together with LBank, Toobit, CoinW, and others. Now, cryptocurrency whales are eyeing Sponge V2 for his or her subsequent huge funding transfer.

Sponge V2 took a novel strategy to its launch. Early adopters had two choices: both buy Sponge V1 and stake it by the Sponge web site or stake current Sponge V1 tokens. The distribution of Sponge V2 tokens occurred primarily based on the quantity and period of V1 tokens staked.

With a give attention to constructing a sturdy ecosystem, Sponge V2 introduces the modern “stake-to-bridge” characteristic as its basis. This permits for a easy transition and staking of Sponge for Sponge V2 on the Polygon community.

The undertaking has gained vital momentum, with over 9 billion $SPONGE tokens staked, surpassing the $30 million mark throughout the Staked and Bridged platforms. Moreover, Sponge V2 gives spectacular APY charges, exceeding 430% on Polygon and 170% on Ethereum.

$SPONGE worth evaluation – Is a 100x repeat doable?

As of now, $SPONGEV2 is buying and selling at $0.0033, displaying a lower of -15% over the previous 7 days. This decline follows a current peak on March 9, when the value reached $0.0042 earlier than present process a minor retracement of about -26%.

$0.0045 subsequent? 👀🚀 $SPONGE

— $SPONGE (@spongeoneth) March 14, 2024

At the moment, $SPONGEV2 is consolidating its place, discovering sturdy help between $0.0029 and $0.0034 previously week. This stability units the stage for a possible upward motion within the close to future. Purchase stress stays excessive, representing 59% of transactions, with the purpose to surpass the resistance stage at $0.0036.

The diluted market capitalization of $SPONGE is $133 million, whereas the full token provide brings the undiluted market cap to $497 million. Liquidity is wholesome within the SPONGE/WMATIC pair, amounting to $1 million.

In abstract, $SPONGEV2 is at present in a bullish buying and selling channel and is anticipated to rebound quickly, particularly with main alternate listings on the horizon. With an entry level at $1.1 million, this undertaking may probably yield a big return, presumably as much as 100x primarily based on historic market caps, based on crypto whales.

To achieve perception into the potential of this new undertaking, try our price prediction for Sponge V2.

Sponge V2’s potential to spice up ecosystem with Play-to-Earn initiative

The Sponge V2 workforce is creating a novel Play-to-Earn (P2E) sport, including an thrilling new characteristic to the token. Gamers can earn $SPONGEV2 tokens by taking part in the sport and rating on the leaderboard.

The sport may have each free and paid variations, giving customers the choice to play for enjoyable or use $SPONGEV2 tokens to purchase sport credit for additional earnings. Whereas the anticipated Play-to-Earn sport from Sponge shouldn’t be but obtainable, indicators from the workforce recommend that growth has moved past the strategy planning stage.

Providing each free and paid variations, customers can play for enjoyment or use Sponge V2 tokens to purchase sport credit for extra passive income. This upcoming Play-to-Earn sport is anticipated to play a big function in increasing the token’s utility, contributing to the undertaking’s progress.

These developments are a part of a broader technique geared toward boosting the momentum of the $SPONGEV2 token, following traits seen in different profitable tokens. To accumulate $SPONGEV2 token go to spongetoken.vip.

Associated

New Crypto Mining Platform – Bitcoin Minetrix

• Audited By Coinsult
• Decentralized, Safe Cloud Mining
• Earn Free Bitcoin Every day
• Native Token On Presale Now – BTCMTX
• Staking Rewards – Over 50% APY