In the latest Solana memecoin pump, strange Hoppy token has pumped 100x on DEXTools, and HOPPY price analysis reveals a potential next leg. But crypto experts say this lesser known coin is next.
This comes as recent months have seen a huge trend in explosive DEX-traded token moves, with countless Solana memecoin moon-shots garnering significant attention, including 2024′, SOLAREUM, Joe on SOL, BINK, BONG, MUSK, FLUB and PUMA.
$HOPPY will follow $pepe.This will print in a good zone to get a bag. I’m in. Let’s see how it goes. . NFA. DYOR. #1000xgem #100xGems #Bullrun2024 #Altseason #memecoins #memeseason pic.twitter.com/EHBcamzOJz
— Tivo_Ke (@tivo_ke) January 18, 2024
Trader sentiment is return to bullish footing as HOPPY’s retracement move hits well-defended support levels, teasing the possibility of a second bounce.
HOPPY Price Analysis: Can Hoppy Token Mount A Second Rally Following Sensational Move?
As price action establishes lower support, Hoppy token is currently trading at a market price of $0.0004762 (representing a 24-hour change of -59.26%).
This comes in the midst of retracement from an all-time high at $0.00156, which came just 3-hours after a sensational pump, that saw price climb +94,530% in an almost instant move – as HOPPY gained immense traction.
However, a quick-sell off, as early-backer took fast profit on a stunning upside move, triggered a slow-grinding downside bleed-out.
Yet, in a well-defended move by traders, double-bottomed support has emerged above lower support at $0.00041 – presenting the opportunity for a second rally bounce.
However, some red flags emerge in the disjuncture between Hoppy token’s $450k market cap and its meagre liquidity pool of just $51k.
This not only leaves 2.75k holders exposed to an inability to sell, but also sees unlocked liquidity vulnerable to removal in a honeypot move by the developer.
Resultantly, a better play emerges in the SpongeV2 presale, which has gained significant traction as traders have raced to take part in a potential second-wind repeat of one of 2023’s biggest memecoin skyrockets.
Sponge V2 Launch ($SPONGEV2): A New Era in Meme Coin Evolution – Poised To Outperform Solana Memecoin Like HOPPY?
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 HOPPY 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.
The post Strange ‘Hoppy’ Token Pumps Up 100x on DEXTools and Crypto Experts Say This Lesser Known Coin is Next appeared first on Cryptonews.