Sponge Token’s value rises 9% regardless of different meme cash falling

Because the meme coin market turns crimson, the SpongeBob token Sponge (SPONGE) has been swimming towards the tide, up 9% since Thursday.

This upward momentum comes because the venture prepares to launch Sponge V2 (SPONGEV2), its subsequent evolution, which goals to increase present performance and use circumstances.

SPONGE token pumps forward of V2 launch

Whereas the broader crypto market struggles, SPONGE continues to achieve floor.

SPONGE has risen to $0.00057 in latest days, regardless of high meme cash resembling Dogecoin (DOGE) and Shiba Inu (SHIB) seeing declines.

In line with CoinMarketCap, spot buying and selling volumes have additionally elevated by 12%, consistent with the token’s value enhance.

Trying on the technical information, Sponge noticed a spike on January 25 when it reached the $0.00050 stage, indicating a lot of shopping for orders within the space.

Nevertheless, SPONGE continues to be buying and selling under the 20-day exponential shifting common on a 4-hour time-frame – and the token might want to break again to the upside to solidify the uptrend.

The latest rise of SPONGE has led to elevated dialogue inside the official Telegram channel that retail buyers are beginning to present curiosity forward of the launch of SPONGEV2.

As of Could 2023, SPONGE generated almost 100x returns for early backers – and buyers appear hopeful that SPONGEV2 may replicate (and even beat) these returns.

In consequence, shopping for demand has elevated in latest weeks, resulting in hypothesis about SPONGE’s potential within the coming months.

Sponge V2 to unlock play-to-earn gaming and wagering rewards

Sponge V2 represents the “subsequent evolution” of the SPONGE token and goals so as to add additional worth for holders.

The principle draw that catches the eye of SPONGEV2 is the mixing of a play-to-earn (P2E) racing sport that permits holders to make use of their tokens productively.

SPONGEV2 additionally pioneered a novel ‘Stake-to-Bridge’ mechanism the place customers should stake the unique SPONGE token to achieve entry to the brand new token.

This revolutionary deployment mannequin helps keep provide and reward loyal group members.

For the reason that announcement of Stake-to-Bridge, a whopping 6.2 billion SPONGE tokens have been pledged, representing a complete worth of just about $3.7 million.

This additionally implies that nicely over 1 / 4 of all SPONGE tokens in circulation are locked into the mechanism.

Along with staking, the Sponge crew has plans to finally record SPONGEV2 on Uniswap, opening entry to a wider viewers.

In actual fact, Sponge’s crew has an bold purpose of reaching a market cap of $100 million, which is referenced on the venture’s roadmap.

As SPONGEV2’s launch attracts nearer, the unique token is gaining momentum as buyers stake their declare within the Sponge ecosystem.

Audits, rankings and influencers ship indicators resulting in the launch of SPONGEV2

As pleasure builds forward of SPONGEV2’s open market debut, the venture continues to achieve credibility within the crypto house.

Sponge V2’s good contracts underwent an in depth audit by the famend firm SolidProof and obtained a clear invoice of well being.

This verifies the legitimacy of the token’s code previous to the long-awaited migration from the unique SPONGE.

SPONGEV2 has additionally attracted buyers’ consideration by rating first on widespread ICO web site CoinSniper.web, indicating nice enthusiasm from the group.

In actual fact, the token is gaining consideration on YouTube, with influencers like Matthew Perry praising its revolutionary Stake-to-Bridge mechanism.

Given its devoted fanbase, in depth growth, and growing mainstream enchantment, SPONGEV2 appears poised to make waves within the meme coin house.

As such, all eyes shall be on the token’s change debut, which can happen within the coming weeks.

Go to the Sponge V2 web site

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