SOHOTRN

2024

Sponge

Elon Musk

<p><span style="font-weight: 400;">The SOHOTRN price surged 18% in the last 24 hours </span><a href="https://coinmarketcap.com/currencies/sohotrn/" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">to trade at $0.0005066</span></a><span style="font-weight: 400;"> as of 00:12 a.m. EST on trading volume that soared 1,300% to $3.06 million.</span></p>
<p><span style="font-weight: 400;">Inspired by a tweet from Elon Musk that read ‘so hot rn (right now)’, the SOHOT token has skyrocketed 151% in the last seven days.&nbsp;</span></p>
<p><img decoding="async" class="alignnone size-full wp-image-482064" src="https://insidebitcoins.com/wp-content/uploads/2024/02/Elon.png" alt="ELON MUSK Tweet so hot" width="586" height="203" srcset="https://insidebitcoins.com/wp-content/uploads/2024/02/Elon.png 586w, https://insidebitcoins.com/wp-content/uploads/2024/02/Elon-300x104.png 300w" sizes="(max-width: 586px) 100vw, 586px"></p>
<p><span style="font-weight: 400;">The project earlier this month announced the development of an NFT marketplace exclusively for models.</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">🚀 <a href="https://twitter.com/search?q=%24SOHOT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SOHOT</a>: Where Models Become Masterpieces! 🎨💃<br>Join us in the evolution of NFTs – <a href="https://twitter.com/search?q=%24SOHOT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SOHOT</a> is not just a marketplace; it's a canvas for models to become iconic digital masterpieces. Don't miss the revolution!<a href="https://twitter.com/hashtag/SOHOT?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SOHOT</a> <a href="https://twitter.com/hashtag/SOHOTTOKEN?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SOHOTTOKEN</a> <a href="https://twitter.com/hashtag/ELON?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ELON</a> <a href="https://twitter.com/hashtag/CRYPTOCURRENCY?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#CRYPTOCURRENCY</a> <a href="https://twitter.com/hashtag/SOHOTSURGE?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SOHOTSURGE</a></p>
 <p>— SOHOT RN TOKEN (@SohotRNToken) <a href="https://twitter.com/SohotRNToken/status/1754193392928444843?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 4, 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;">Can SOHOT rise to emulate the success seen with other Musk-associated meme coins like GROK, DOGE, and MEMEAI?</span></p>
<h2 id="span-style-font-weight-400-sohotrn-price-bulls-looking-to-sustain-the-bullish-momentum-span"><span style="font-weight: 400;">SOHOTRN Price Bulls Looking To Sustain The Bullish Momentum</span></h2>
<figure id="attachment_482061" aria-describedby="caption-attachment-482061" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="size-full wp-image-482061" src="https://insidebitcoins.com/wp-content/uploads/2024/02/SOHOTUSDT_2024-02-20_08-12-36.png" alt="SOHOTRN Price Chart Analysis Source: Tradingview.com" width="1281" height="555" srcset="https://insidebitcoins.com/wp-content/uploads/2024/02/SOHOTUSDT_2024-02-20_08-12-36.png 1281w, https://insidebitcoins.com/wp-content/uploads/2024/02/SOHOTUSDT_2024-02-20_08-12-36-300x130.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/02/SOHOTUSDT_2024-02-20_08-12-36-1024x444.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/02/SOHOTUSDT_2024-02-20_08-12-36-768x333.png 768w" sizes="(max-width: 1281px) 100vw, 1281px">
 <figcaption id="caption-attachment-482061" class="wp-caption-text">
  SOHOTUSD Chart Analysis Source: Tradingview.com
 </figcaption>
</figure>
<p><span style="font-weight: 400;">The SOHOTRN price has been on a downturn since the token recorded its all-time high (ATH) of $0.0022 on Feb. 5. However, there was a struggle between the bears and the bulls around $0.0002, leading to a consolidation phase. This was also a footing that allowed the bulls to break out, rallying the price through a markup phase.</span></p>
<p><span style="font-weight: 400;">However, the bulls encountered some resistance around $0.0005845, which allowed the price to fluctuate within the pennant.</span></p>
<p><span style="font-weight: 400;">Today, SOHOT is trading above both the 50-day and 200-day Simple Moving Averages (SMAs), supporting the bullish prospects of the price. The 50-day SMA is also trending above the 200-day SMA, forming a golden cross at $0.000225, further supporting the incoming bullish rally.</span></p>
<p><span style="font-weight: 400;">Additionally, the Relative Strength Index (RSI) seems to be rebounding from the oversold levels toward the 70-overbought zone at 64, an indication of intense buying pressure.</span></p>
<p><img decoding="async" class="alignnone size-full wp-image-482063" src="https://insidebitcoins.com/wp-content/uploads/2024/02/SOHOTMACDADX.png" alt="SOHOTMACDADX" width="1264" height="257" srcset="https://insidebitcoins.com/wp-content/uploads/2024/02/SOHOTMACDADX.png 1264w, https://insidebitcoins.com/wp-content/uploads/2024/02/SOHOTMACDADX-300x61.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/02/SOHOTMACDADX-1024x208.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/02/SOHOTMACDADX-768x156.png 768w" sizes="(max-width: 1264px) 100vw, 1264px"></p>
<p><span style="font-weight: 400;">Furthermore, the Moving Average Convergence Divergence (MACD) indicator shows that the MACD line (blue) is trading above the signal line (orange), signifying a bullish crossover. This opens up a chance for more entry points, which could rally the price even higher. The green bars are also rebounding above the zero line, which shows positive momentum.</span></p>
<p><span style="font-weight: 400;">The Average Directional Index (ADX) is currently at 33, indicating a strong trend that appears to be on the verge of a breakout. This could serve as a buying signal, suggesting the beginning of a stronger bullish trend.</span></p>
<h2 id="span-style-font-weight-400-sohotrn-price-prediction-span"><span style="font-weight: 400;">SOHOTRN Price Prediction</span></h2>
<p><span style="font-weight: 400;">The short-term technical analysis of SOHOT’s price indicates a continuation of bullish momentum above the pennant. The bulls are aiming to reclaim the resistance level at $0.000545, a 15.41% increase from the current price.</span></p>
<p><span style="font-weight: 400;">However, an inverse scenario may allow the bears to influence a price retrace toward the support zone at $0.0004344, coinciding with the 50-day SMA.</span></p>
<p><span style="font-weight: 400;">As the SOHOT price bulls aim for a continued rally, investors are turning to Sponge V2, a meme coin set to emulate the success of its predecessor, Sponge V1.&nbsp;</span></p>
<h2 id="span-style-font-weight-400-buy-sponge-v2-with-100x-possible-returns-span"><span style="font-weight: 400;">Buy $SPONGE V2 With 100X Possible Returns</span></h2>
<p><span style="font-weight: 400;">If you missed $SPONGE’s 100X surge last year, there is still an opportunity for you to make huge returns with </span><a href="https://insidebitcoins.com/visit/sponge" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">Sponge V2</span></a><span style="font-weight: 400;"> — if you buy now before its imminent launch on major exchanges.</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">If you missed out on <a href="https://twitter.com/search?q=%24SPONGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SPONGE</a> V1, don't miss out on <a href="https://twitter.com/hashtag/SpongeV2?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SpongeV2</a>!</p>
 <p>Time to stake your <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/MemeCoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#MemeCoin</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/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Altcoins</a> <a href="https://twitter.com/hashtag/BullMarket?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BullMarket</a> <a href="https://twitter.com/hashtag/Bullish?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bullish</a> <a href="https://twitter.com/hashtag/Trade?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Trade</a> <a href="https://t.co/oNwatR7ihw" rel="noopener noreferrer nofollow">pic.twitter.com/oNwatR7ihw</a></p>
 <p>— $SPONGE (@spongeoneth) <a href="https://twitter.com/spongeoneth/status/1756332327150436674?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 10, 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;">After its launch last year, Sponge V1 soared to hit a $100 million market cap, accumulating over 13,000 holders. However, Sponge V1 was discontinued earlier this month, with $SPONGE holders being moved to the more secure Sponge V2 on the Polygon Network.</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">📣 Attention, <a href="https://twitter.com/hashtag/SPONGERS?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SPONGERS</a>!</p>
 <p>Here is some important information to remember about <a href="https://twitter.com/search?q=%24SPONGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SPONGE</a> V2!<a href="https://twitter.com/search?q=%24SPONGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SPONGE</a> V1 has officially been discontinued, and V2 has been launched on <a href="https://twitter.com/hashtag/Polygon?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Polygon</a>! 🔥</p>
 <p>Learn more about the token details below 👇<a href="https://t.co/TCdxgXx40w" rel="noopener noreferrer nofollow">https://t.co/TCdxgXx40w</a></p>
 <p>🧵1/3 <a href="https://t.co/YZzXOlKmHY" rel="noopener noreferrer nofollow">pic.twitter.com/YZzXOlKmHY</a></p>
 <p>— $SPONGE (@spongeoneth) <a href="https://twitter.com/spongeoneth/status/1754826966048657421?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 6, 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;">The transition has been drawing more interest from investors, with the token surging 38% in the last week.</span></p>
<h2 id="span-style-font-weight-400-stake-sponge-v2-get-rewarded-span"><span style="font-weight: 400;">Stake $SPONGE V2, Get Rewarded</span></h2>
<p><span style="font-weight: 400;">What’s more, by </span><a href="https://insidebitcoins.com/visit/sponge" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">buying and staking SPONGE V2 tokens</span></a><span style="font-weight: 400;">, you earn an impressive 190% annual percentage yield (APY).</span></p>
<p><span style="font-weight: 400;">The team is also planning on the launch of Sponge Racer, a game set to offer both free and paid versions. This game will allow players to engage in racing competitions and earn token rewards.</span></p>
<p><span style="font-weight: 400;">Jacob Bury, a crypto analyst and YouTuber, says Sponge V2 has the potential to 100X on launch, just like its predecessor.</span></p>
<p><iframe title="BEST MEME COIN TO BUY NOW!!!?? SPONGE Meme Coin Price | SPONGE V2 News" width="640" height="360" src="https://www.youtube.com/embed/7lV_0SpeuRs?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 the presale, visit </span><a href="https://insidebitcoins.com/visit/sponge" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">the 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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SOHOTRN Price Prediction: SOHOT Pumps 18%, But Traders Rush To Buy This Meme Coin With 100X Potential Before It’s Too Late

Obsah

Inside Bitcoins

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