Solana

Jupiter

Token

Polygon

<p><span style="font-weight: 400;">The Jupiter price has surged by 8% within the last 24 hours to hold a spot price of </span><span style="font-weight: 400;">$0.5614</span><span style="font-weight: 400;"> as of 9:00 a.m. EST.</span></p> 
<p>It’s providing some respite for the new Solana token JUP, which has plunged more than 63% since launch last week.</p> 
<h2 id="span-style-font-weight-400-jupiter-price-prediction-span"><span style="font-weight: 400;">Jupiter Price Prediction</span></h2> 
<p><span style="font-weight: 400;">Based on data from hourly JUP/USDT, we see the token displayed a downtrend earlier today, as evidenced by the consistent formation of lower highs and lower lows within the confines of a descending channel.</span></p> 
<p><span style="font-weight: 400;">However, the market seems to have reversed this trend with a strong upward movement, breaking past the upper boundary of the descending channel. This bullish breakout is further validated by a significant green candle that has surpassed previous highs.</span></p> 
<p><span style="font-weight: 400;">The Relative Volatility Index (RVI) is currently indicating a value of 73.10, which is above the midline of 50. This suggests that the future volatility is likely to be higher, and the current bullish momentum could continue in the short term.</span></p> 
<p><span style="font-weight: 400;">Additionally, the Klinger Oscillator shows a positive divergence, with the value at 804.717K against a signal line value of 364.794K. This divergence signals a continuation of the current bullish trend.</span></p> 
<h2 id="span-style-font-weight-400-jupiter-price-prediction-will-jup-keep-pumping-span"><span style="font-weight: 400;">Jupiter Price Prediction: Will JUP Keep Pumping?</span></h2> 
<p><span style="font-weight: 400;">The Pitchfork tool, which is set to ‘Auto’ and ‘Original,’ suggests that the price was previously consolidating within the lower half of the pitchfork, indicating bearish sentiment.&nbsp;</span></p> 
<p><span style="font-weight: 400;">However, the bullish breakout has carried the price into the upper half of the pitchfork, which is indicative of a trend reversal or a corrective move within a larger bearish trend, as bulls now regain control.</span></p> 
<p><img decoding="async" class="alignnone size-full wp-image-478818" src="https://insidebitcoins.com/wp-content/uploads/2024/02/Apex_1707314986647.png" alt="" width="2542" height="1218" srcset="https://insidebitcoins.com/wp-content/uploads/2024/02/Apex_1707314986647.png 2542w, https://insidebitcoins.com/wp-content/uploads/2024/02/Apex_1707314986647-300x144.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/02/Apex_1707314986647-1024x491.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/02/Apex_1707314986647-768x368.png 768w, https://insidebitcoins.com/wp-content/uploads/2024/02/Apex_1707314986647-130x63.png 130w, https://insidebitcoins.com/wp-content/uploads/2024/02/Apex_1707314986647-104x50.png 104w, https://insidebitcoins.com/wp-content/uploads/2024/02/Apex_1707314986647-83x40.png 83w, https://insidebitcoins.com/wp-content/uploads/2024/02/Apex_1707314986647-1536x736.png 1536w, https://insidebitcoins.com/wp-content/uploads/2024/02/Apex_1707314986647-2048x981.png 2048w" sizes="(max-width: 2542px) 100vw, 2542px"></p> 
<p style="text-align: center;">1-hour JUP/USDT chart | Source: <a href="https://www.tradingview.com/chart/mBPnB4WJ/?symbol=CRYPTO%3ABTCUSD">TradingView</a></p> 
<p><span style="font-weight: 400;">Meanwhile, meme coin Sponge V2 is rising to prominence as an enticing presale that promises to repeat the 100x surge on launch of its predecessor, $SPONGE.</span></p> 
<p><span style="font-weight: 400;">T</span><span style="font-weight: 400;">he Solana network outage on February 6 hit that blockchain’s meme coin projects with trading halted on various exchanges. The incident highlights the need to put money into tokens that are built on robust blockchains. SpongeV2, running on Ethereum, stands among these as investors now rank it among <a href="https://www.linkedin.com/pulse/best-meme-coins-invest-top-picks-exponential-gains-calsona-iorle">2024’s top meme coin picks</a>.</span></p> 
<h2 id="span-style-font-weight-400-a-lucrative-chance-for-100-times-gains-span"><span style="font-weight: 400;">A Lucrative Chance For 100 Times Gains!</span></h2> 
<p><span style="font-weight: 400;">Sponge V2 comes as the successor to Sponge V1, a token that saw early investors feast on gains of more than 100x in May 2023, coinciding with the explosion in value of PEPE.<br> </span></p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">Important Information 🌟</p> 
 <p>The exchanges are getting ready to transition from <a href="https://twitter.com/search?q=%24SPONGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SPONGE</a> V1 to V2! </p> 
 <p>Check out these articles below!</p> 
 <p>1️⃣ <a href="https://twitter.com/bitgetglobal?ref_src=twsrc%5Etfw">@bitgetglobal</a> <br>👉<a href="https://t.co/by2YqzvyUp">https://t.co/by2YqzvyUp</a></p> 
 <p>2️⃣ <a href="https://twitter.com/mex?ref_src=twsrc%5Etfw">@Mex</a><br>👉 <a href="https://t.co/dMbCUvVuG7">https://t.co/dMbCUvVuG7</a><a href="https://twitter.com/hashtag/SpongeV2?src=hash&amp;ref_src=twsrc%5Etfw">#SpongeV2</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://twitter.com/hashtag/Web3?src=hash&amp;ref_src=twsrc%5Etfw">#Web3</a> <a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw">#Altcoins</a> <a href="https://twitter.com/hashtag/MemeCoin?src=hash&amp;ref_src=twsrc%5Etfw">#MemeCoin</a> <a href="https://t.co/hHSWtAurPJ">pic.twitter.com/hHSWtAurPJ</a></p> 
 <p>— $SPONGE (@spongeoneth) <a href="https://twitter.com/spongeoneth/status/1754449834248192221?ref_src=twsrc%5Etfw">February 5, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p><span style="font-weight: 400;">A hundred million dollars in market capitalization and more than 13,000 holders later, Sponge V1 had attracted industry heavyweights like Justin Sun, founder of Tron, thanks to its meteoric rise. </span></p> 
<p><span style="font-weight: 400;">Sun had expressed interest in meme coins, and bought $SPONGE tokens that are currently worth about $90,000. This is the kind of success that <a href="https://insidebitcoins.com/visit/sponge" rel="nofollow">Sponge V2</a> hopes to achieve, presenting&nbsp;those who missed the entry into the Jupiter price pump with another opportunity to make profits.</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">May 11, 2023</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p><span style="font-weight: 400;">On February 5th, Sponge V1 was formally retired, and all $SPONGE holders were transferred to Sponge V2 on the safer Polygon network.&nbsp;</span></p> 
<h2 id="span-style-font-weight-400-earn-rewards-by-staking-sponge-span"><span style="font-weight: 400;">Earn Rewards By Staking $SPONGE</span></h2> 
<p><span style="font-weight: 400;"> Sponge V2 offers investors the chance to stake tokens for an astounding 3,438% APY. Sponge V2 also introduces additional features, the most prominent of which is play-to-earn (P2E) gaming.&nbsp;&nbsp;</span></p> 
<p><span style="font-weight: 400;">YouTuber Jacob Bury, who boasts over 27K subscribers on YouTube, believes the meme coin has the potential to return another 100x surge.</span></p> 
<p><iframe title="SPONGE Meme Coin Launched on POLYGON - Next 100X Crypto?!" width="640" height="360" src="https://www.youtube.com/embed/CTrDrQRdCC0?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;">Visit <a href="https://insidebitcoins.com/visit/sponge" rel="nofollow">the Sponge V2 website here</a> to connect your digital wallet and exchange your ETH or Tether for V2 tokens.&nbsp;</span></p> 
<h2 id="span-style-font-weight-400-related-news-span"><span style="font-weight: 400;">Related News</span></h2> 
<ul> 
 <li style="font-weight: 400;" aria-level="1"><a href="https://insidebitcoins.com/news/jupiter-price-prediction-solana-token-jup-still-in-a-funk-after-66-crash-but-sponge-v2-launch-on-polygon-sees-56-pump-as-buyers-stake-for-7183-returns"><span style="font-weight: 400;">Jupiter Price Prediction: Solana Token JUP Still In A Funk After 66% Crash, But Sponge V2 Launch On Polygon Sees 56% Pump As Buyers Stake For 7,183% Returns</span></a></li> 
 <li style="font-weight: 400;" aria-level="1"><a href="https://www.linkedin.com/pulse/best-crypto-buy-now-2024-top-picks-explosive-growth-calsona-6bnie/"><span style="font-weight: 400;">Best Crypto to Buy Now (2024): Top Picks for Explosive Growth!</span></a></li> 
 <li style="font-weight: 400;" aria-level="1"><a href="https://insidebitcoins.com/news/how-to-buy-sponge-v2-on-presale-alessandro-de-crypto-video-review"><span style="font-weight: 400;">How to Buy Sponge V2 On Presale – Alessandro De Crypto Video Review</span></a></li> 
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Jupiter Price Prediction: Solana Token JUP Bounces Back With 8% Surge, But Analysts Say Consider Meme Coin SpongeV2 On Polygon For 100X Gain...

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