The roadmap also sets a target of achieving a $100 million market capitalization. The team also strives for social domination by expanding its presence across various social media platforms and communication channels. This will amplify brand awareness, foster community engagement, and nurture a supportive network of token holders. Pepe, based on the cartoon frog Pepe the Frog, experienced a remarkable surge shortly after its launch, with its price increasing by over 7,000% in 17 days. The success of the Pepe coin proves that meme coins can generate substantial returns for early investors. Cryptocurrency analysts have predicted good market cap and more substantial growth in the market in 2024.
Investors also need to decide the amount of $SPONGE coin you want to buy; the minimum investment is 1,000 $SPONGE. After making sure that everything is accurate, confirm the trade. Go to SPONGE V2 website and click on the ‘Connect Wallet’ button.
What is $SPONGE?
SPONGE still has a market cap of over $10 million, which shows that the community is still strong. Building on the first version, $SPONGE already has name recognition and utility. Despite a crypto presale, these factors could contribute to significant price increases should market conditions continue to improve. Additionally, our price prediction analyzes macroeconomics and technical price charts.
A pop-up box will java 8 streams emerge, prompting for the preferred wallet selection. Everything related to the SPONGE token, its price, market volatility, and availability you can find on the Spongebob telegram channel. What is also very interesting for investors is SPONG’s partnership with Tamadoge, one of the leading Web3 gaming projects at the moment.
Step 1: Create crypto wallet
- However, the project has no association with the television network.
- The success of the Pepe coin proves that meme coins can generate substantial returns for early investors.
- Currently, the most popular exchange for SPONGE is SushiSwap V3 (Polygon).
- On the centralized exchanges the only pairing with SPONGE is USDT which means that users will need to either deposit or purchase USDT to make the swap.
The app provides users an interactive gaming experience and creates new avenues for engagement and adoption. Sponge V2 aims to generate a similar or even greater hype and FOMO (Fear Of Missing Out) than its predecessor. This strategy involves partnering with prominent crypto influencers and Reddit communities to create buzz around the project. At the time of writing, Sponge V2 token is available for cents guys – the lowest price that investors will be able to acquire them.
- Sponge first went live on Uniswap and is now available on multiple exchanges.
- What’s more, Sponge V1 has secured over 11,300 token holders, as per EtherScan.
- The information provided on Inside Bitcoins is for educational and informational purposes only and should not be considered financial, investment, or trading advice.
- A portion will be dedicated to staking income, allowing token holders to earn rewards through their participation in the network.
- Once the identity documents have been provided and validated, you can start investing.
Top Holders
This allows investors to actively participate in securing the network while earning rewards. Like any other investment, cryptocurrencies available on the best investment apps come with their own advantages and disadvantages. It is essential to ensure you have a secure wallet, such as MetaMask, ready to receive and store your Sponge V2 tokens. In this section, you will find a short and detailed guide that will walk you through the process of purchasing Sponge V2 tokens. We aim to provide an easy and accessible investment experience for all investors, regardless of expertise. Once you have found the official website, you will need to connect your crypto wallet.
Hence, investors will need a utility to fall back on or pull their resources off the token. Download the CMC mobile app to get the live price of SPONGE, BTC and other cryptocurrencies. The total supply of SPONGE is 4.4B SPONGE tokens, of which around 24.6B (61%) is currently circulating, according to the project.
The token was launched in May 2023 and has already generated hype amongst meme enthusiasts and crypto investors. The Spongebob meme token was created to recreate the success of Pepe coin and Tamadoge . The aim of the project is to generate excellent returns for investors and to build a community of investors who believe in the token’s ability to increase in value.
Sponge Price Live Data
Sponge V2 has no association with Nickelodeon or their creation SpongeBob SquarePants. Here, we have taken a look at how to buy $SPONGE buy connecting your wallet to the website and swapping ETH tokens for the meme coin. It is important to conduct research into new projects before investing.
This is mainly due to there still being a supportive community backing, with the project firmly holding over $10 million market cap and thousands of token holders. Unlike other meme coins, Sponge V2 has can you trade cryptocurrencies using a forex or cfd platform chosen not to hold a conventional presale. Early investors can secure a first-mover advantage by staking and bridging V1 tokens to buy V2 tokens. 26.93%, or 40.4 billion $SPONGEV2 tokens, will be available to early investors.
For instance, we’re buying 1 ETH worth, which gets us 4,835,252 $SPONGEV2 tokens. $SPONGE has recently unveiled its roadmap for 2024, outlining its plans to build upon its previous success and enhance the utility of Sponge V2. Expect significant fluctuations, the kind that suits day and swing trading. Get the latest crypto news and trading insights with the CoinMarketCap education portal.
Can I buy Sponge V2 tokens on Coinbase?
We also explore why Sponge V2 could be even more successful than Sponge V1 – which produced 100x gains early this year. Stockapps.com has no intention that any of the information it provides is used for illegal purposes. Contracts for Difference (“CFDs”) are leveraged products and carry a significant risk of loss to your capital.
The $SPONGE token claims its nature as a meme token, which is reminiscent of the $PEPE, $BONK and $TURBO tokens. When investing, you must, therefore, be fully aware that it has not yet demonstrated its real usefulness. It is, therefore, subject to high volatility and unpredictable price fluctuations. Once the staking period ends, investors can collect their earned V2 tokens through the website.
When you buy V1 tokens, they will automatically be sent to the staking pool. You will then receive regular V2 token payments as a reward for locking up your SPONGE. To stake your tokens, you must connect the same wallet to the Sponge website that you used to buy tokens from UniSwap. Make sure to regularly backup your MetaMask wallet and keep the seed phrase protected at all times. Our team of experienced financial experts, analysts, and journalists work tirelessly to create content that not only informs but also inspires and supports you.
Buying SpongeV2 before exchange listings allows you to stake the token and earn more tokens with 162% rewards. Those who swap with ETH will earn 325% rewards with more SpongeV2 tokens. buy ethereum in stock Even those with SpongeV1 tokens can stake to earn the new coins and claim them during launch. This token looks like the prominent xtb experience and user review in « brokercheck SpongeBob SquarePants from Nickelodeon.