Tuesday, January 16th, 2024 – Investors are flocking back to the Sponge token ecosystem, as market excitement grows for the launch of the next incarnation Sponge V2.
$SPONGE saw sensational success amid the meme coin hype of June 2023, as the nostalgic coin triggered a skyrocketing performance driving $SPONGE up to a jaw-dropping $100m market cap.
Yet, as with many moonshot meme coins, a resounding retracement gripped the chart following an all-time high of $0.002394, as early backers locked in big profits.
But now, the ecosystem is planning to ‘absorb the damp’ once again with the much-awaited launch of the Sponge V2 token.
The hype is real, as the $SPONGE price rallies aggressively into 2024, currently trading at an impressive +1,010% increase from its all-time low last year.
Price is now coiled up against resistance around $0.0008, leaving $SPONGE in a bullish pendant pattern, positioning the token to lose a zero on the next upside move.
With late entrants and visionary holders back in profit, the crypto community is once again taking note of Sponge token’s significant growth potential.
Sponge Staking Hits Huge Milestone As Investors Flock to Incredible Current 300%+ APY
In order to secure the new Sponge V2 tokens, holders and investors have two options available.
For new entrants, Sponge V2 tokens can be acquired with a simple purchase using ETH, USDT, or fiat via the Sponge.vip website.
Whilst for the 13,000 long-standing holders of the original $SPONGE token, these holdings must be bridged to Sponge V2 via the straight-forward staking mechanism.
In an added incentive, the staking mechanism is garnering significant interest due to a current market-defying 300%+ staking APY (which currently stands at 317%).
This is proving a hit with long-term holders and new investors alike, as supply has rushed into the staking mechanism, with a current 5,091,822,199 $SPONGE staked for bridging.
Huge Milestone Alert!
We’ve just surpassed an incredible 5,010,192,318 $SPONGE tokens staked, valued at $3,998,276.67!
With a current APY of over 300%, our community is thriving like never before.
Join us now and absorb the damp! #SpongeV2 #Crypto #Altcoins pic.twitter.com/KIVvh77dQZ
— $SPONGE (@spongeoneth) January 15, 2024
Representing almost $4m total value locked, the staking bridge is spotlighting a substantial market vote of confidence in the future of the Sponge project.
Indeed, with the strong performance of $SPONGE is 2023, it’s clear that Sponge V2 could emerge as one of the biggest meme coin launches of the year.
Early-2024 Sponge Meme Coin Potential Steals the Attention of Top Crypto Influencers
Fuelled by the promise of high-APY staking and second-round breakout returns, the Sponge token has stolen the attention of top crypto influencers across the world.
In one instance, popular crypto YouTuber Jacob Bury predicted a dramatic 10x return out-of-the-gate for $SPONGEV2 upon launch, with higher returns expected upon CEX listing.
While leading crypto YouTuber Michael Wrubel doubled-down and shared his Sponge token journey with his audience of more than 300k subscribers, spotlighting the huge 6-figure return he made on the original $SPONGE pump.
But growing Dutch YouTuber Corné Marchand defied other predictions to suggest that the Sponge V2 token could explode as much as 100x by the end of 2024.
With major players spotlighting Sponge V2’s skyrocketing potential, it’s not too late to absorb the damp and ride the rally.
Follow Sponge on X (formerly Twitter), Discord and Telegram to stay up to date with the latest project news.
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 SPONGE Staking Skyrockets to 5 Billion Tokens Locked as Markets Brace For Seismic Launch of SPONGEV2 appeared first on Cryptonews.