Solana

FOMO

Sponge

In the latest DEX market pump, new Solana memecoin entrant BONKITA price has surged +22,000%, and with FOMO traders scrambling to identify the next big play – could this other meme coin be next.
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 <a href="https://cryptonews.com/news/it-too-late-buy-astropepex-apx-price-climbs-30-as-crypto-market-turns-bullish-tg-casino-set-100x-1.htm" rel="noopener noreferrer nofollow">APX</a>,&nbsp;<a href="https://cryptonews.com/news/samurai-bot-sambo-explodes-after-bitcoin-price-breakout.htm" target="_blank" rel="noopener noreferrer nofollow">SAMBO Bot</a>, alongside fellow Solana memecoins&nbsp;<a href="https://cryptonews.com/news/this-new-solana-coin-just-shot-up-50000-and-crypto-experts-say-this-other-coin-is-next-heres-why.htm" target="_blank" rel="noopener noreferrer nofollow">SOLAREUM</a>&nbsp;and&nbsp;<a href="https://cryptonews.com/news/as-strange-solana-memecoin-blasts-up-20000-billionaire-justin-sun-is-stacking-this-other-coin.htm" target="_blank" rel="noopener noreferrer nofollow">Joe on SOL</a>.
$BONKITA the ticker #1 in Dexscreener 6h <a href="https://t.co/sjLfktMgAU" rel="noopener noreferrer nofollow">pic.twitter.com/sjLfktMgAU</a>
— dgb_nft (@dgb_nft) <a href="https://twitter.com/dgb_nft/status/1743020745519669644?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 4, 2024</a>
Riding on the back of the popular BONK narrative, BONKITA is a masterful spin-off token, gaining quick traction due to a high influx of initial volume and DEXtools #6 hot coin status in the first 8 hours.
<h2 id="bonkita-price-analysis-is-bonkita-doomed-to-dump-after-huge-upside-pump">BONKITA Price Analysis: Is BONKITA Doomed to Dump After Huge Upside Pump?</h2>
 After a dramatic opening pump BONKITA has entered retracement, leaving BONKITA trading at a <a href="https://www.dextools.io/app/en/solana/pair-explorer/BKuxXDJv4EaznyeSHggzmNvcKk2SynqLfWxQ1pqwMVcD" target="_blank" rel="noopener noreferrer nofollow">market price of $0.0006379</a> (representing a 24-hour change of +23,684%).
This comes after BONKITA token launched at just 1PM UTC on January 4, in a move that gained immediate traction as the meme coin shot up +21,000% in the first 4 hours.
A brief retracement saw lower support established at $0.0004880, this has formed a critical level following the -74% retracement from the all-time high at $0.001717.
However, with well-defended support emerging at $0.0004880 the prospects of a second-bounce are not improbable.
Taking a closer look at buy-pressure over the past hour, it seems BONKITA bulls are holding on to their grip over price action, with a slim 50.9% of transactions representing buys.
Indeed, in a further bullish sign plenty of BONKITA growth potential rests in the charts, which sees the market cap stood at $762k – typically breakout Solana meme coins hit $5m market caps.
This suggests there is a much as a 6.5x move left in the chart for late-entrants, however, with price action stalling many are looking for alternative lucrative plays such as Sponge V2.
<h2 id="sponge-v2-launch-spongev2-a-new-era-in-meme-coin-evolution-poised-to-outperform-bonkita">Sponge V2 Launch ($SPONGEV2): A New Era in Meme Coin Evolution – Poised To Outperform BONKITA?</h2>
 
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.
<h2 id="how-to-acquire-sponge-v2">How to Acquire Sponge V2</h2>
 
Acquiring Sponge V2 is unique: Stake Sponge V1:&nbsp;Buy and stake V1 tokens via Sponge.vip or stake your existing V1 tokens. Earn More V2:&nbsp;The longer and more V1 tokens you stake, the more V2 tokens you earn. 
Read more:&nbsp;<a href="https://www.linkedin.com/pulse/best-crypto-buy-now-2024-top-picks-explosive-growth-calsona-6bnie" rel="noopener noreferrer nofollow">Best Crypto to Invest In 2024</a>
<h2 id="staking-mechanics-and-p2e-integration">Staking Mechanics and P2E Integration</h2>
 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.
This P2E game, a new utility in the Sponge ecosystem, will feature both free and paid versions for enhanced gaming and earning experiences.
<h2 id="unique-aspects-of-sponge-v2-over-bonkita-price-pump">Unique Aspects of Sponge V2 Over BONKITA Price Pump</h2> Exclusive Access:&nbsp;Earn $SPONGEV2 exclusively through $SPONGE staking. Bonus Rewards:&nbsp;Buying and staking $SPONGE offers special $SPONGEV2 bonuses. Passive Earnings:&nbsp;Staked $SPONGE tokens yield passive rewards, starting at a minimum 40% APY. Permanent Transition:&nbsp;Staked V1 tokens will be permanently locked, focusing on V2 post-launch. 
<h2 id="roadmap-and-future-prospects">Roadmap and Future Prospects</h2>
 
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.
<a href="https://cryptonews.com/ext/sponge" target="_blank" rel="noopener noreferrer nofollow">Get Sponge V2 Here</a>
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.

As BONKITA Token Surges 220x in 24 Hours, This Other Meme Coin is About to Launch – How to Buy Early?

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