Can Sponge V2 repeat that 100x surge in its upcoming launch? Oscar Ramos Video Review

Oscar Ramos gave some serious insight into this new meme coin, expressing his optimistic sentiments as it has surged more than 200% in value.

Large investors are accumulating Sponge tokens (SPONGEV2) in the hope that they will soon be listed on top exchanges. Sponge’s price analysis suggests significant price movement in the coming weeks.

This increased interest comes after the successful migration of the Sponge ecosystem to the relaunch of the respected $SPONGE token in 2023 on the Polygon network, now called $SPONGEV2.

What is $SPONGEV2 and can it replicate the success of $SPONGEV1?

Sponge V1 emerged during a difficult time during the May 2023 bear market. This fair launch token became an instant hit among meme coin enthusiasts thanks to its nostalgic name.

In a surprising turn of events, Sponge V1 has quickly established itself as one of the standout meme coin releases of the year. Its market capitalization has soared to over $100 million, and it has attracted a community of over 13,000 holders and 30,000 social media followers.

The rise in value was primarily driven by listings on more than 10 centralized exchanges, including LBank, Toobit, CoinW, and others. Crypto whales are now eyeing Sponge V2 as the next big investment move.

Sponge V2 took a unique approach to launch. Early adopters have two options: purchase Sponge V1 and stake through the Sponge website or stake existing Sponge V1 tokens. The distribution of Sponge V2 tokens was based on the amount and duration of staked V1 tokens.

Focusing on building a strong ecosystem, Sponge V2 introduces innovative “stake-to-bridge” functionality as its foundation. This will allow you to seamlessly convert and stake Sponge for Sponge V2 on the Polygon network.

The project has gained significant momentum, with over 9 billion $SPONGE tokens staked, exceeding $30 million across the staking and bridge platforms. Additionally, Sponge V2 offers impressive APY rates exceeding 430% on Polygon and 170% on Ethereum.

$SPONGE Price Analysis – Is 100X Repeatable?

Currently, $SPONGEV2 is trading at $0.0033, down -15% over the last 7 days. This decline follows the recent high on March 9, when the price reached $0.0042 and then experienced a minor retracement of around -26%.

Next time, $0.0045? 🙌🚀 $sponge

— $SPONGE (@spongeoneth) March 14, 2024

Currently, $SPONGEV2 is solidifying its position with strong support between $0.0029 and $0.0034 over the past week. This stability sets the stage for a potential upward move in the near future. Buying pressure remains high and accounts for 59% of trades, with the goal of breaking above the $0.0036 resistance level.

$SPONGE has a diluted market cap of $133 million, and its total token supply has an undiluted market cap of $497 million. The liquidity of the SPONGE/WMATIC pair is healthy, reaching $1 million.

In summary, $SPONGEV2 is currently in a bullish trading channel and is expected to rebound soon, especially with a major exchange listing imminent. With an entry point of $1.1 million, the project could potentially generate significant returns, up to 100 times its historical market cap, according to Crypto Whale.

Check out our price prediction for Sponge V2 to get some insight into the potential of this new project.

Sponge V2’s potential to strengthen the ecosystem through Play-to-Earn initiatives

The Sponge V2 team is creating a unique Play-to-Earn (P2E) game by adding exciting new features to the token. Players can earn $SPONGEV2 tokens by playing games and ranking on leaderboards.

The game has both free and paid versions, so users can play for fun or use $SPONGEV2 tokens to purchase game credits for extra revenue. The highly anticipated Sponge’s Play-to-Earn game hasn’t been released yet, but indications from the team suggest that development has moved beyond the planning stage.

Offered in both free and paid versions, users can play for fun or use Sponge V2 tokens to purchase game credits for additional passive income. The upcoming Play-to-Earn game is expected to play an important role in contributing to the growth of the project by expanding the utility of the token.

These developments are part of a broader strategy to increase momentum for the $SPONGEV2 token, following trends seen in other successful tokens. To earn $SPONGEV2 tokens, visit Spongetoken.vip.

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