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Better Meme Coin Alternative to Consider – Sponge (SPONGE) Dogecoin could 5x or more this bull market. But many meme coin investors will be targeting higher upside of 50x or more. Such investors should search for exciting new meme coins with much lower market caps, and a lot of viral potential. A meme coin called Sponge ($SPONGE) fits this bill perfectly, after launching its V2 on Polygon earlier this year. The original Sponge token nearly hit a market cap high of $100 million last year. However, the token migrated to Polygon to make use of its lower fees and faster transactions a month ago. And the migration to Polygon has ignited a surge in the $SPONGE price. $SPONGE hit a market cap of as much as $160 million in March. It’s since fallen back to a market cap of around $80 million, offering investors the chance to buy the dip. Sponge isn’t just any old utility-lacking meme coin. The exciting new meme coin offers a passive income opportunity and also functions as the native token of a play-to-earn (P2E) racing game. Sponge buyers who stake their tokens can secure yields of up to 368%, as per the official Sponge website. Meanwhile, the P2E game will see players competing against each other for ranks on a global leaderboard. Racing rewards are paid out in SPONGE V2. But perhaps the most exciting thing about Sponge is that it’s still super early to get into the coin. Meme coins like Bonk, Dogwifhat, and Pepe have shown how an upstart meme coin can reach a multi-billion-dollar market cap. The exciting new meme coin’s website is also teasing that it will soon launch on bigger and better exchanges, which could bring a wave of new buyers to $SPONGE. At a market cap of just $80 million, Sponge investors could be looking at 50x gains. #cpi #bitcoinhalving #BullorBear #Memecoins #BinanceLaunchpool

Better Meme Coin Alternative to Consider – Sponge (SPONGE)

Dogecoin could 5x or more this bull market. But many meme coin investors will be targeting higher upside of 50x or more.

Such investors should search for exciting new meme coins with much lower market caps, and a lot of viral potential.

A meme coin called Sponge ($SPONGE) fits this bill perfectly, after launching its V2 on Polygon earlier this year.

The original Sponge token nearly hit a market cap high of $100 million last year.

However, the token migrated to Polygon to make use of its lower fees and faster transactions a month ago. And the migration to Polygon has ignited a surge in the $SPONGE price.

$SPONGE hit a market cap of as much as $160 million in March. It’s since fallen back to a market cap of around $80 million, offering investors the chance to buy the dip.

Sponge isn’t just any old utility-lacking meme coin.

The exciting new meme coin offers a passive income opportunity and also functions as the native token of a play-to-earn (P2E) racing game.

Sponge buyers who stake their tokens can secure yields of up to 368%, as per the official Sponge website.

Meanwhile, the P2E game will see players competing against each other for ranks on a global leaderboard. Racing rewards are paid out in SPONGE V2.

But perhaps the most exciting thing about Sponge is that it’s still super early to get into the coin.

Meme coins like Bonk, Dogwifhat, and Pepe have shown how an upstart meme coin can reach a multi-billion-dollar market cap.

The exciting new meme coin’s website is also teasing that it will soon launch on bigger and better exchanges, which could bring a wave of new buyers to $SPONGE.

At a market cap of just $80 million, Sponge investors could be looking at 50x gains.

#cpi #bitcoinhalving #BullorBear #Memecoins #BinanceLaunchpool

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💲 Shiba Inu Spotlight 💲 1,084 Days After Vitalik Buterin's Historic 410 Trillion SHIB Burn 🔥 A Historic Moment in Crypto History! 🔥 Nearly three years ago, Ethereum co-founder Vitalik Buterin shook the crypto world by executing a massive burn of Shiba Inu (SHIB) tokens, removing a staggering 410 trillion from circulation. This bold move, valued at $6.7 billion, marked a pivotal moment for SHIB and the broader market. On May 17, 2021, Buterin burnt 90% of his SHIB holdings, reducing the total supply by almost half, and donated the remaining 10% to charity. His act reflected a commitment to decentralization and community empowerment. Now, 1,084 days later, the impact of this historic burn continues to reverberate. While the immediate aftermath saw a mild price spike, the long-term effects have been nuanced, reflecting the complex interplay of technological advancements, market dynamics, and investor sentiment. With SHIB's current price reflecting a complex mix of factors, the Buterin burn remains a landmark event in crypto history, now valued at a whopping $10 billion. The Shiba Inu community has continued to advance SHIB burns, with recent burns totaling billions of tokens, alongside BONE and LEASH. In the last 24 hours alone, over 4.7 million SHIB tokens were burned in six transactions, underscoring the ongoing commitment to reducing supply and supporting the token's value. Stay tuned as the crypto landscape evolves, and let's continue to celebrate the milestones that shape our decentralized future! 🚀#SHIBBreakout #SHIBA🔥 #SHİB #CryptoWatchMay2024
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What Does the Halving Mean for Bitcoin's Price? Even though the general schedule of the halvings is known to the market beforehand, the 50% drop in the regular creation of new bitcoin is thought to lead to an alteration in the crypto asset's supply and demand dynamics. The bitcoin price has reached a new all-time high in the months following each of the previous three halving events. Analysts say that this bitcoin halving is different for a number of reasons and that a bitcoin rally may not ensue. The largest cryptocurrency by market capitalization hit a new all-time high this four-year cycle prior to the actual halving taking place for the first time in its history. Bitcoin demand from spot bitcoin exchange-traded funds (ETFs) was largely credited for the rally. Many analysts believe that a demand-supply mismatch thanks to greater demand from the ETFs and limited supply after the halving, could propel bitcoin prices higher. Analysts at Deutsche Bank say that the halving is "partially priced in" and that they do not "expect prices to increase significantly following the halving event." Other analysts are worried that higher-for-longer interest rates make riskier assets such as cryptocurrencies less attractive as Treasury yields remain elevated. "Whether BTC halving will next week turn out to be a 'buy the rumor, sell the news event' is arguably less impactful on BTC’s medium term outlook, as BTC price performance will likely continue to be driven by the said supply-demand dynamic and continued demand for BTC ETFs, which combined with the self-reflexive nature of crypto markets is the primary determinant for spot price action," Goldman Sachs analysts wrote in a note last week, according to Coindesk.2 Bitcoin is certainly suffering some pre-halving jitters. After creating multiple price records in March, the price of bitcoin has been in a more pronounced downtrend since April 8. #Megadrop #bitcoinhalving #BullorBear #Memecoins #Memecoins $BTC
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