In the latest meme coin skyrocket, Poldo Token has undertaken a whopping +35,000% price explosion overnight. Now, this other meme coin could be next after red-flags emerge in Poldo price analysis.
This comes as recent months have seen a huge trend in explosive DEX-traded token moves, with countless moon-shots garnering significant attention, including the ever-popular BONKITA, SAMBOs Bot, alongside Solana meme coins SOLAREUM, Joe on SOL, BINK and BONG.
Bought $POLDO, mascot dog on polygon. pic.twitter.com/jaqHiQpdkW
— Rockey.Eth (@Rockey_crypt) January 12, 2024
Poldo is a Polygon memecoin playing on the viral potential of the mascot dog of Poldo (Polygon’s dog mascot).
POLDO Price Analysis: Can Unlikely Polygon Memecoin Poldo Token Sustain Skyrocket?
As price action retraces from the skyrocket rally, Poldo token is currently trading at a market price of $0.03856 (representing a 24-hour change of +35,089%).
This comes following a rapid ignition on launch, as POLDO price shot-up 57,139% in the first two-hours of trading from a listing price of $0.0000893.
A brief consolidation at now well-established lower support around $0.0314 set the stage for a second-rally leg, which drove Poldo token up to an all-time high at $0.06377.
With POLDO price atop +35,000% gains around the ATH, Poldo entered major retracement as early backers took profit on huge gains.
Over the past 11-hours this has seen Poldo token lose around -47%, however, a retest of lower support at $0.0314 has been well-defended by holders – priming the chart for further upside.
Indeed, with a lowly market cap of just $340k, POLDO could easily mount a 3-6x rally move from here suggesting it’s not too late to enter the chart.
Yet, with a lowly and unlocked liquidity pool of just $37.77k – this remains a high risk play, with every chance of turning into a honeypot.
For this reason, eagle-eyed traders are shifting their attention to an alternative memecoi play with safer project tokenomics.
Sponge V2 Launch ($SPONGEV2): A New Era in Meme Coin Evolution – Poised To Outperform POLDO Token?
Sponge V2, the latest iteration of the renowned Sponge ($SPONGE) meme coin, is making waves in the cryptocurrency market.
Following the phenomenal success of Sponge V1, which peaked at nearly $100 million in market cap and amassed over 13,000 holders, Sponge V2 arrives with promising innovations and opportunities for investors.
How to Acquire Sponge V2
Acquiring Sponge V2 is unique:
Stake Sponge V1: Buy and stake V1 tokens via Sponge.vip or stake your existing V1 tokens.
Earn More V2: The longer and more V1 tokens you stake, the more V2 tokens you earn.
Read more:Best Crypto to Invest In 2024
Staking Mechanics and P2E Integration
Sponge V2 introduces Play-to-Earn (P2E) utility, enhancing its ecosystem.
Stake your V1 tokens to earn V2, and engage in the upcoming P2E game to earn additional $SPONGEV2 tokens.
Moreover, this P2E game, a new utility in the Sponge ecosystem, will feature both free and paid versions for enhanced gaming and earning experiences.
Unique Aspects of Sponge V2 Over POLDO Token Price Pump
Exclusive Access: Earn $SPONGEV2 exclusively through $SPONGE staking.
Bonus Rewards: Buying and staking $SPONGE offers special $SPONGEV2 bonuses.
Passive Earnings: Staked $SPONGE tokens yield passive rewards, starting at a minimum 40% APY.
Permanent Transition: Staking V1 tokens will result in their permanent locking, shifting the focus to V2 post-launch.
Roadmap and Future Prospects
Sponge V2’s roadmap is ambitious, targeting 10,000 holders, Tier 1 CEX listings, and a $100M market cap.
The launch stages include the Sponge game’s development and the Sponge V2 claim and listing.
Sponge V2 is not just a sequel to its predecessor; it’s a reinvention with a focus on utility and community engagement.
The integration of P2E and exclusive staking mechanisms make it a standout project in the meme coin domain.
Stay updated on Sponge V2’s journey through social channels and witness its growth in the crypto world.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
The post POLDO Token Skyrockets 35,000% Overnight as New Memecoin Prepares to Launch on New Exchanges appeared first on Cryptonews.