SpongeBob (SPONGE) is making waves within the crypto world as the most recent meme coin to maintain your eye on, following within the footsteps of Pepecoin’s (PEPE) latest value explosion.
With its cheerful and kooky mascot, this cryptocurrency is capturing the eye of traders and meme fans alike, bringing a little bit of enjoyable to the often-serious world of digital property.
SPONGE has struck a chord with quite a few crypto merchants, tapping right into a cultural phenomenon that has remained widespread for many years. It’s no shock that the token has quickly climbed the ranks and at the moment holds the coveted prime spot on the DEXTools scorching pairs listing.
SpongeBob Token Positive aspects Traction Regardless of Current Worth Dip
The SpongeBob token, created to capitalize on the success of Pepecoin, has been gaining traction within the cryptocurrency market. Crypto market tracker CoinMarketCap is now monitoring the worth of SPONGE.
SPONGE value has largely been up within the 1-day chart. Supply: CoinMarketCap
Though the worth of SPONGE has not too long ago taken a somber dip, lowering by 15.04% previously 24 hours to $0.000924, it has additionally been listed as one of many prime trending tasks on DexTools. At occasions, it has even claimed the primary spot for warm pairs alongside PEPE within the quantity two spot.
Moreover, buying and selling quantity for SPONGE has been spiking, with greater than $100 million price of the token being traded. On the time of writing, its totally diluted market cap stands at simply over $40 million, up from $3 million on Might 4, however nonetheless underneath 5% of Pepe’s market cap.
Crypto complete market cap at the moment at $1.113 trillion. Chart at TradingView.com
SPONGE launched on the Uniswap decentralized change on Might 4 and skilled a pump of over 30x at its peak. Nevertheless, following the information of Binance pausing BTC withdrawals on Might 8, the broader market skilled a correction, inflicting the worth of SPONGE to dip.
Regardless of this setback, the SpongeBob token continues to make waves within the crypto world.
SPONGE: Momentum Regardless of Lack Of Presale, Social Media Marketing campaign
The https://sponge.vip/$SPONGE token has caught the eye of the cryptocurrency neighborhood, regardless of being launched straight to change buying and selling and not using a presale and with little social media promotion main as much as its launch. Its velocity of gaining consideration is a notable feat for the SpongeBob mission.
Some analysts have already recognized SPONGE because the potential subsequent explosive meme coin. One analyst predicts that the SpongeBob SquarePants universe’s recognition and meme potential may generate returns of as much as 1,000 occasions.
It’s evident that merchants are maintaining a watch out for brand spanking new meme cash within the aftermath of the success of Pepe token. To many, the SpongeBob token seems to be an thrilling alternative.
-Featured picture from Spongebob Squarepants/Viacom
