The cryptocurrency market entered 2024 in an overall unstable state. Many existing cryptocurrencies are expected to continue to gain value, and Solana is one of the platforms with the highest growth potential. According to some experts, SOL tokens could skyrocket by up to 50x, similar to Ethereum’s rise in 2018.
Solana ended 2023 on a positive note, suggesting it can continue to gain ground in 2024. But it still faces several hurdles that could push price growth back down. Now, let’s take a look at what to expect from Solana and why it might be a better way to invest in the new SPONGE token, SPONGEV2.
Solana could repeat Ethereum’s historic 50x gain from 2018
Optimism surrounding Solana has been steadily increasing throughout 2023, and the SOL token is showing clear signs of growth in early 2024. Expectations for the platform are high, and many token holders agree that SOL can reflect back the massive gains of ETH. 2018.
According to some analysts, Solana could soar by up to 50 times in 2024. However, others expect to see a double increase in value at best, so it is essential to look at the broader picture before investing your money. Solana is currently ranked as the fifth largest cryptocurrency with a market capitalization of $53 billion. The token is selling for $94.28, but is entering a bullish phase that could double its value by the end of the month.
The most optimistic forecasts see the token price reaching around $900 by the end of the year, but there is no way to know if that is true. If the SOL token matches its previous all-time highs in 2021, the platform’s market capitalization will exceed $75 billion. Moreover, raising ATH above $260 would require a market capitalization of over $111 billion, which seems like a daunting task considering that Solana needs over $65 billion in inflows within 12 months.
Solana may attempt a lunar mission in the coming months, but there’s still a long way to go. Rising inflation could hamper growth, and even if not, the platform would need inflows of more than $60 billion to reach its previous ATH. Adding some SOLs to your portfolio now is a gamble that can pay off handsomely. However, if you want to invest in a cryptocurrency with high growth potential that will almost certainly deliver 100x returns, look no further than the new version of SOL. Most Popular Meme Coins of 2023 – SPONGEV2.
>>> Get $SPONGEV2 now <<
SPONGEV2 – Another opportunity for 100x gains for everyone who missed $SPONGE
The meme coin market is on fire in 2023, with numerous platforms reporting huge profits. This includes tokens like PEPE and COPIUM, as well as $SPONGE, an entertainment-only cryptocurrency that reported a 2,500% return. However, while $SPONGE has become a popular investment option, lack of token utilization and low long-term growth potential has caused the token to lose most of its value a few weeks after making large gains.
If you missed the opportunity to utilize this meme coin, you will love what SPONGEV2 has to offer. It is an upgraded version of the original token with excellent token utility and the opportunity to establish itself as one of the meme coin leaders. The Spongebob Token community has over 30,000 members, making the launch of the enhanced token version a success. But getting your hands on SPONGEV2 is more complicated than you might think, as there is no pre-sale event.
The only way to get new tokens is to invest in $SPONGEV1 and stake for a longer period of time. After that you will receive SPONGEV2 in return. The new version offers huge potential and high APY of at least 40% over the next four years.
>>> Get $SPONGEV2 now <<
SPONGEV2 Upgrade and Stake-to-Bridge Token Allocation System
In addition to providing higher token utility, the upgraded version of the SPONGE token offers high APY to all and offers significant growth potential over the long term. SPONGEV2 is an ERC-20 coin built on the Ethereum blockchain like the original token. This makes it highly compatible with all existing wallets, but there is one problem.
SPONGEV2 will serve as the base token for a new Play-2-Earn game inspired by Spongebob that will be released in the near future. Tokens will be used as payment methods and reward options within the gaming ecosystem, ensuring high utilization and stable price increases in the future.
The only way to get SPONGEV2 coins is to purchase the original $SPONGE tokens and stake them until the updated version is released. All holders who stake coins will receive the same amount of SPONGEV2 and an additional 40%. Plus, staking your tokens for a longer period of time will allow you to earn higher returns over the next four years. The platform’s Stake-to-Bridge rewards system ensures that only token holders receive rewards, providing another opportunity to earn 100x returns.
The original token had 11,500 holders and the platform was just $1 million shy of reaching a market capitalization of $100 million. SPONGEV2 can repeat the massive gains of its predecessor, and thanks to higher token utilization, it could actually surpass it and establish itself as one of the highest gains in 2024.
>>> Get $SPONGEV2 now <<
finish
2024 is gearing up to be the best year in the history of the cryptocurrency market. Almost all altcoins are in an upward trend, and platforms like Solana may finally break out and surpass previous highs after years of stagnation. While the SOL token is expected to see significant gains, its potential cannot even compare to the new version of $SPONGE, a meme coin that reported a 2,500% gain last year.
Investing and staking $SPONGE tokens now can help you get a head start as a SPONGEV2 token holder, and allow you to reap the biggest returns when the new version is released.
disclaimer: This article is sponsored content and does not constitute financial advice. CryptoNewsZ does not warrant or guarantee the accuracy of the content. Readers are urged to independently verify information and exercise caution when dealing with companies mentioned. Investing in cryptocurrency is risky and it is recommended that you seek advice from a qualified professional.