Cryptocurrency

Sponge

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<p>The meme coin market witnessed a poor start in 2024, but not all meme coins faced a selloff, with the $SPONGE token price exploding over 108% in the past week.</p>
<p>In May 2023, the Sponge token emerged onto the cryptocurrency scene, rapidly achieving a market capitalization of nearly $100 million within days. During its initial surge, $SPONGE secured listings on 10 <a href="https://insidebitcoins.com/buy-cryptocurrency/what-is-a-cex" rel="noopener noreferrer nofollow">centralized crypto exchanges</a>, including MEXC, Poloniex, LBank, Bitget, among others.</p>
<p>By May 9, the token had reached its all-time high of $0.001061. While like many meme coins, the price of $SPONGE experienced a significant decline from its peak, it retained its popularity unlike others in its category.</p>
<p>With over 13,000 token holders, Sponge’s official <a href="https://t.me/Spongeoneth" rel="noopener noreferrer nofollow">Telegram channel</a> witnessed a surge in new members, engaging in active discussions about the token’s potential.</p>
<h2 id="the-transition-to-sponge-v2-with-enhanced-security-and-staking-rewards">The Transition to Sponge V2 with Enhanced Security and Staking Rewards</h2>
<p>The resurgence of interest in the original Sponge token is primarily driven by the imminent release of <a href="https://insidebitcoins.com/visit/sponge" rel="noopener noreferrer nofollow">Sponge V2.</a> The Sponge team has introduced a novel <a href="https://insidebitcoins.com/buy-cryptocurrency/best-staking-coins" rel="noopener noreferrer nofollow">staking</a> structure, rewarding holders of the original token with $SPONGEV2 upon its launch.</p>
<p>Sponge V2 aims to expand on the viral success of its predecessor by integrating real-world utility features. Recently, the Sponge team announced the discontinuation of Sponge V1 to expedite its transition to the $SPONGEV2 Polygon version, prompted by the need for enhanced security and efficiency following malicious attacks on its liquidity pool.</p>
<p><iframe title="SPONGE MEME COIN PUMPING | IS SPONGE STILL A 10X CRYPTO?!" width="640" height="360" src="https://www.youtube.com/embed/8yCDuN1VhJc?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe></p>
<p>With the move to Polygon, $SPONGEV2 tokens will gain access to a robust network known for its scalability and low transaction costs. New investors can purchase and stake Sponge V2 from the <a href="https://insidebitcoins.com/visit/sponge" rel="noopener noreferrer nofollow">spongetoken.vip</a> website, with tokens being locked and earning additional staking rewards until the campaign concludes.</p>
<p>Investors stand to earn <a href="https://insidebitcoins.com/investing/passive-income-ideas" rel="noopener noreferrer nofollow">passive income</a> through the Sponge V2 <a href="https://insidebitcoins.com/cryptocurrency/crypto-staking" rel="noopener noreferrer nofollow">staking</a> option, boasting an impressive 195% annual percentage yield (APY). At present, over 8 billion $SPONGE tokens have already been staked. Sponge V2 is poised to be the next 100x investment, building upon the success of its predecessor.</p>
<p>With a solid social media following and increased coverage in the crypto media, $SPONGEV2 is positioned to compete with the leading <a href="https://insidebitcoins.com/buy-cryptocurrency/best-meme-coins" rel="noopener noreferrer nofollow">meme coins in 2024</a>.</p>
<p>To stay informed about the latest updates on the Sponge token, watch the video above and subscribe to his <a href="https://www.youtube.com/@JacobCryptoBury" rel="noopener noreferrer nofollow">YouTube channel</a> for additional crypt content. Jacob Crypto Bury also runs a <a href="https://insidebitcoins.com/visit/jacob-crypto-bury-discord" rel="noopener noreferrer nofollow">Discord server</a> with 20,000 members, offering valuable trading insights and updates on <a href="https://insidebitcoins.com/buy-cryptocurrency/new-upcoming-icos" rel="noopener noreferrer nofollow">upcoming crypto presales.</a></p>
<h2 id="sponge-v2-play-to-earn-platform-driving-long-term-sustainability">Sponge V2 Play-to-Earn Platform – Driving Long-Term Sustainability</h2>
<p><a href="https://insidebitcoins.com/visit/sponge" rel="noopener noreferrer nofollow">Sponge V2</a> is geared towards achieving long-term sustainability through the introduction of a <a href="https://insidebitcoins.com/buy-cryptocurrency/buy-nft/best-nft-games" rel="noopener noreferrer nofollow">play-to-earn</a> (P2E) gaming platform. The team is set to launch Sponge Racer, a game offering both free and paid versions, where players can earn token rewards by participating in races.</p>
<p>To access the paid version, users will purchase credits using $SPONGEV2 tokens. This paid version will include a worldwide leaderboard, providing players with opportunities to earn extra $SPONGEV2 tokens.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Don't be stupid. Absord the damp 🧽<a href="https://twitter.com/search?q=%24SPONGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SPONGE</a> <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/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Crypto</a> <a href="https://twitter.com/hashtag/Alts?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Alts</a> <a href="https://t.co/uDm7qPo2rc" rel="noopener noreferrer nofollow">pic.twitter.com/uDm7qPo2rc</a></p>
 <p>— $SPONGE (@spongeoneth) <a href="https://twitter.com/spongeoneth/status/1757782000281202761?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 14, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>The integration of token utility ensures that its value is directly influenced by platform activity, distinguishing it from its predecessor and other meme coins primarily driven by hype and speculation. Checkout our <a href="https://insidebitcoins.com/cryptocurrency-price/sponge-price-prediction" rel="noopener noreferrer nofollow">Sponge v2 price prediction in 2024.</a></p>
<p>With a total supply of 150 billion $SPONGEV2 tokens, the team has allocated 26.93% for bridging $SPONGE, 43.09% for staking rewards, 10% for centralized exchange (CEX) liquidity, 7.5% for marketing, 8% for play-to-earn rewards, and 4.47% for game development. To acquire $SPONGEV2 token visit <a href="https://insidebitcoins.com/visit/sponge" rel="noopener noreferrer nofollow">spongetoken.vip.</a></p>
<h3 id="related">Related</h3>
<ul>
 <li><a href="https://insidebitcoins.com/news/sponge-staking-soars-to-five-billion-tokens-locked-as-markets-brace-for-explosive-launch-of-spongev2" rel="noopener noreferrer nofollow">SPONGE Staking Soars To Five Billion Tokens Locked As Markets Brace For Explosive Launch Of SPONGEV2</a></li>
 <li><a href="https://insidebitcoins.com/news/top-meme-coins-to-buy-for-the-upcoming-2024-bull-run-spongev2-smog-mk" rel="noopener noreferrer nofollow">Top Meme Coins to Buy For The Upcoming 2024 Bull Run – $SPONGEV2, $SMOG, $MK</a></li>
 <li><a href="https://insidebitcoins.com/news/best-meme-coins-to-buy-now-new-trending-meme-coins-in-2024" rel="noopener noreferrer nofollow">Best Meme Coins to Buy Now – New &amp;#038; Trending Meme Coins In 2024</a></li>
 <li><a href="https://insidebitcoins.com/news/100x-meme-coin-sponge-prepares-for-second-takeoff-with-launch-of-v2-is-spongev2-the-best-crypto-to-buy-now" rel="noopener noreferrer nofollow">100X Meme Coin Sponge Prepares For Second Takeoff With Launch of V2 – Is $SPONGEV2 The Best Crypto to Buy Now?</a></li>
</ul>
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$SPONGE Meme Coin Jumps 108% – Next Cryptocurrency to 10X Your Money?

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