Sponge

Honk

Polygon

HONK

Golden Goose

<p><span style="font-weight: 400;">The Honk price plunged 35% in the last 24 hours to trade at $0.004224 as of 05:59 a.m. EST on trading volume that dropped 19% to $5 million.</span></p>
<p><span style="font-weight: 400;">The sudden price drop is a blow to those who felt the new Solana meme coin HONK could possibly dethrone Bonk as its top performer.&nbsp;</span></p>
<p><span style="font-weight: 400;">The Honk community remains confident that it can make a comeback and reach its previous all-time high market cap of $25 million.</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24Honk&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$Honk</a> is looking good. Ath at 25m. Now sitting at 5m. Still active and the team is really good. Dont fade the goosecoin on <a href="https://twitter.com/hashtag/Solana?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Solana</a> <a href="https://t.co/YKBMoNeoNt" rel="noopener noreferrer nofollow">pic.twitter.com/YKBMoNeoNt</a></p>
 <p>— Golden Goose 🪿 $HONK (@Dobaggie) <a href="https://twitter.com/Dobaggie/status/1753376652443136453?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 2, 2024</a></p>
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<p><span style="font-weight: 400;">Yet, the question remains: can it still reach Bonk’s level of success?</span></p>
<h2 id="span-style-font-weight-400-the-honk-price-trades-within-a-bullish-pennant-pattern-span"><span style="font-weight: 400;">The Honk Price Trades Within A Bullish Pennant Pattern</span></h2>
<figure id="attachment_477515" aria-describedby="caption-attachment-477515" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="size-full wp-image-477515" src="https://insidebitcoins.com/wp-content/uploads/2024/02/HONK_2024-02-02_13-59-58.png" alt="Honk Price Chart Analysis Source: Geckoterminal.com&nbsp;" width="1115" height="476" srcset="https://insidebitcoins.com/wp-content/uploads/2024/02/HONK_2024-02-02_13-59-58.png 1115w, https://insidebitcoins.com/wp-content/uploads/2024/02/HONK_2024-02-02_13-59-58-300x128.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/02/HONK_2024-02-02_13-59-58-1024x437.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/02/HONK_2024-02-02_13-59-58-768x328.png 768w" sizes="(max-width: 1115px) 100vw, 1115px">
 <figcaption id="caption-attachment-477515" class="wp-caption-text">
  HONKUSD Chart Analysis Source: Geckoterminal.com
 </figcaption>
</figure>
<p><span style="font-weight: 400;">The Honk Price has gradually increased from the $0.00183 support level towards the $0.0274 resistance. However, bears seem to have taken control of the price at $0.0217, exerting pressure and causing the decline to $0.004224.</span></p>
<p><span style="font-weight: 400;">Despite the decline, the price seems to be trading within the bullish pennant, which signals a likely bullish trend reversal for traders.</span></p>
<p><span style="font-weight: 400;">The price has also dipped below the 50-day Simple Moving Average (SMA), coinciding with the downtrend pressure.</span></p>
<p><span style="font-weight: 400;">The Relative Strength Index (RSI) is on a downtrend below the 50-midline level at 28, indicating intense selling pressure for the Honk price.</span></p>
<h2 id="span-style-font-weight-400-honk-price-prediction-bulls-looking-for-a-support-span"><span style="font-weight: 400;">Honk Price Prediction: Bulls Looking For A Support&nbsp;</span></h2>
<p><span style="font-weight: 400;">The Honk price is currently on a downtrend but is still trading within the boundaries of the pennant.</span></p>
<p><span style="font-weight: 400;">If the bears continue to exert more pressure, the price may drop to the $0.002 support level, forming a double bottom. The double bottom pattern could signal a potential bullish trend reversal as traders look to this pattern to add more buy positions.</span></p>
<p><span style="font-weight: 400;">However, if the bulls could change the trend and gain control, they could drive the Honk price to $0.013, coinciding with the upper boundary of the pennant.</span></p>
<p><span style="font-weight: 400;">As traders search for an entry into Honk, investors in search of promising alternative cryptocurrencies with the potential for substantial returns may want to explore Sponge V2.&nbsp;</span></p>
<h2 id="span-style-font-weight-400-sponge-v2-set-to-launch-on-polygon-network-best-crypto-to-buy-span"><span style="font-weight: 400;">Sponge V2 Set To Launch On Polygon Network, Best Crypto To Buy</span></h2>
<p><span style="font-weight: 400;">Did you miss Sponge V1’s 100X surge last year? If so, there is still another opportunity for you to amass such returns in</span><a href="https://insidebitcoins.com/visit/sponge" rel="noopener noreferrer nofollow"><span style="font-weight: 400;"> Sponge V2</span></a><span style="font-weight: 400;">, which is set to launch soon on major exchanges.</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">🚨 Only 3 days left! 🚨</p>
 <p>Hurry and stake your <a href="https://twitter.com/search?q=%24SPONGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SPONGE</a> tokens now before <a href="https://twitter.com/hashtag/SPONGE?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SPONGE</a> V1 is discontinued!</p>
 <p>Withdraw your SPONGE V1 tokens from exchanges and stake them through our website before the 5th of February to be able to claim <a href="https://twitter.com/hashtag/SPONGEV2?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SPONGEV2</a>! 🧽<a href="https://twitter.com/hashtag/MemeCoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#MemeCoin</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Crypto</a> <a href="https://twitter.com/hashtag/Web3?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Web3</a> <a href="https://twitter.com/hashtag/Staking?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Staking</a> <a href="https://t.co/uMWnJ7JPY9" rel="noopener noreferrer nofollow">pic.twitter.com/uMWnJ7JPY9</a></p>
 <p>— $SPONGE (@spongeoneth) <a href="https://twitter.com/spongeoneth/status/1753342544455275001?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 2, 2024</a></p>
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<p><span style="font-weight: 400;">Sponge V2 is aiming to emulate the success of Sponge V1 and even more. Sponge V1 amassed over 13,000 holders and got listed on more than ten major exchanges, including Toobit, LBank, and BitMart.</span></p>
<p><span style="font-weight: 400;">Its market capitalization hit $100 million while attracting major players in the industry like Tron founder Justin Sun, who has shown interest in trading meme coins and bought $SPONGE that’s now worth about $90,000.&nbsp;</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">I've decided to begin actively trading meme coins and promising projects through my public address. Please note, I will personally bear all potential losses from these trades, and any profits made will be donated entirely to charity.</p>
 <p>— H.E. Justin Sun 孙宇晨 (@justinsuntron) <a href="https://twitter.com/justinsuntron/status/1656598894158159872?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 11, 2023</a></p>
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<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p><span style="font-weight: 400;">Furthermore, the Sponge team has announced the discontinuation of Sponge V1, and will migrate it to Sponge V2 on Polygon.&nbsp;</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">🚨 Important project update! 🚨</p>
 <p>Due to a malicious attack on the Sponge V1 token, we’ll be moving all holders to Sponge V2 on the 5th of February at 11:00 PM UTC.</p>
 <p>Please be aware the <a href="https://twitter.com/search?q=%24SPONGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SPONGE</a> V1 will be discontinued.</p>
 <p>We strongly advise all holders to withdraw their tokens from… <a href="https://t.co/itZelxAL9V" rel="noopener noreferrer nofollow">pic.twitter.com/itZelxAL9V</a></p>
 <p>— $SPONGE (@spongeoneth) <a href="https://twitter.com/spongeoneth/status/1752713327229505649?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 31, 2024</a></p>
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<p><span style="font-weight: 400;">All $SPONGE holders are now being moved to the more secure, efficient, and cheaper way to transact $SPONGE V2 on the Polygon network. This shift will be a big boost to the launch of Sponge V2.</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">🚨 Only 3 days left! 🚨</p>
 <p>Hurry and stake your <a href="https://twitter.com/search?q=%24SPONGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SPONGE</a> tokens now before <a href="https://twitter.com/hashtag/SPONGE?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SPONGE</a> V1 is discontinued!</p>
 <p>Withdraw your SPONGE V1 tokens from exchanges and stake them through our website before the 5th of February to be able to claim <a href="https://twitter.com/hashtag/SPONGEV2?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SPONGEV2</a>! 🧽<a href="https://twitter.com/hashtag/MemeCoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#MemeCoin</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Crypto</a> <a href="https://twitter.com/hashtag/Web3?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Web3</a> <a href="https://twitter.com/hashtag/Staking?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Staking</a> <a href="https://t.co/uMWnJ7JPY9" rel="noopener noreferrer nofollow">pic.twitter.com/uMWnJ7JPY9</a></p>
 <p>— $SPONGE (@spongeoneth) <a href="https://twitter.com/spongeoneth/status/1753342544455275001?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 2, 2024</a></p>
</blockquote>
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<h2 id="span-style-font-weight-400-buy-sponge-now-participate-in-their-games-and-get-rewarded-span"><span style="font-weight: 400;">Buy Sponge Now, Participate In Their Games And Get Rewarded</span></h2>
<p><span style="font-weight: 400;">SpongeV2 brings about new features, with</span><span style="font-weight: 400;"> play-to-earn (P2E) gaming</span><span style="font-weight: 400;"> as the outstanding one, aimed at attracting new investors and players.</span></p>
<p><span style="font-weight: 400;">The team is also anticipating the launch of “</span><i><span style="font-weight: 400;">Sponge Racer,” </span></i><span style="font-weight: 400;">a game that will feature both a free and paid version.</span></p>
<p><span style="font-weight: 400;">You can also stake and bridge your $SPONGE tokens to earn $SPONGEV2, with an annual percentage yield (APY) of 237%. Currently, over 6 billion $SPONGE tokens have already been staked and bridged.</span></p>
<p><span style="font-weight: 400;">YouTuber Alessandro De Crypto is optimistic about the growth of the project. He invested in it himself and believes that Sponge V2 is poised to replicate the successes of its predecessor.</span></p>
<p><iframe title="Sponge V2 Presale Update! Buy The Next Meme Now!" width="640" height="360" src="https://www.youtube.com/embed/IAQPhjZUcgE?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe></p>
<p><span style="font-weight: 400;">To join, visit the </span><a href="https://insidebitcoins.com/visit/sponge" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">official Sponge V2 website</span></a><span style="font-weight: 400;"> and link your digital wallet to swap your ETH or USDT for V2 tokens. You can also buy directly using your bank card.</span></p>
<h2 id="span-style-font-weight-400-related-news-span"><span style="font-weight: 400;">Related News</span></h2>
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Honk Price Prediction: Solana Meme Coin HONK Nosedives 35%, But Experts Say This Meme Coin May 100X As It Migrates To Polygon

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