Although, past performance should never be indicative of future results, we feel that SPONGE V2 could follow the same suite as the likes of PEPE 2.0. This is mainly due to there still being a supportive community backing, with the project firmly holding over $10 million market cap and thousands of token holders. Meme coins tend to outperform other cryptos when there is a bullish sentiment in the markets. This is due to web3 communities coming how a 26-year-old college dropout makes $15000 a month with bitcoin and cryptocurrency without breaking a sweat together to support meme coins, speculating on the future price performance of a token. Although, past performance is not indicative of future results, many meme coins will go through cycles with the price fluctuating at any given times. Usually when a meme coin has flatlined, meme enthusiasts will flock to the token and create positive community engagement across crypto group chats and X (crypto Twitter).

SpongeBob (SPONGE) Exchanges

He is future thinker and global financial visionary, exploring how payments and money transfer are evolving with web3. When you buy V1 tokens, they will automatically be sent to the staking pool. You will then receive regular V2 token payments as a reward for locking up your SPONGE. The V2 payments will be distributed over 4 years to encourage long-term holding and prevent sell-offs. Update – $SPONGE has also now been listed on multiple centralized exchanges, including Gate.io, CoinW, Bitget, MEXC, Toobit, Poloneix, BingX, and Orange X. After the bridge is complete, you will get an equivalent number of $SPONGEV2 tokens.

You can tradeSpongeBob with many fiat currencies includingand many stablecoins such as USDT. For more information about the game readers will need to keep up to date with the SPONGE social channels as the team will release more details closer to the release date. For users who missed out on the 100x SPONGE price pump in the early part of 2023, there is now another potential opportunity to be a part of the SPONGE community. Readers may be wondering how to buy SPONGE V2 and how to participate in the presale.

SpongeBob Trading Volume

Some project allocate more tokens to the team, which will ultimately be sold when the project releases. Having a fair distribution of tokens is important to ensure that meme coin creates a liquid market where anyone is able to buy or sell the tokens without creating a dump effect. We cover various topics surrounding the cryptocurrency markets from exchanges, tokens across different categories, web3 innovations and some of the most sought after presales.

How To Buy Sponge Crypto Token – V1 And V2 Upgrade

The coin is focused entirely on the community, and its goal is to increase its market cap to $1 billion, have 100,000 holders and be listed on “tier 1” exchanges, amongst others. The memecoin launched directly on Uniswap and gained considerable momentum following its launch. Tokenomics are a big indicator of the potential behind the meme coin. Projects which do not fairly allocate the amount of tokens that are distributed to the public usually will have less price action.

Now that Sponge is bridging from V1 to V2, people have more than a few reasons to stay invested in this token. Unlike other memecoins that came out as spur-of-the-moment assets and disappeared fast, Sponge persisted. While Sponge V1 only had the community’s interest in memecoin and the inspiration from “Spongebob Squarepants” to count on, Sponge V2 is the token coming with a brand new format.

Here is the complete guide that explains how one can buy $SPONGE tokens. The team behind $SPONGE has set several ambitious goals for the V2 token. According to the $SPONGE whitepaper, $SPONGE V2 is designed to be “bigger, better, and more absorbent” than the original $SPONGE.

Where can I buy Sei with USDT?

You will be able to access your V2 tokens once the stale-to-bridge phase is over. Sponge V1 is an ERC20 token which means that it can be swapped for ETH. Make sure that your connected wallet is funded with enough ETH to buy SPONGE and cover network fees. To stake your tokens, you must connect the same wallet to the Sponge website that you used to buy tokens from UniSwap. Users will need to connect their compatible crypto wallet to the official SPONGE website. For optimum connectivity we suggest to use MetaMask or TrustWallet.

There is an anticipation that the returns could be bigger this time. The project’s May 2023 launch resulted in 100x returns, and the same could happen again if the current level of craze for this token is maintained in the days to come. To get $SPONGE V2, investors must buy V1 tokens and permanently stake them. Staked V1 tokens will yield rewards paid in V2 tokens at a variable APY. Investors who buy new $SPONGE V1 and stake it now will earn a 100% purchase bonus in V2 tokens.

They have also been engaging with the community and answering questions about the project. Despite the anonymity of the team, they have been actively promoting the memecoin on social media platforms such as Twitter, Telegram, and Discord. After its initial launch on the Ethereum blockchain, achieving 100x milestones and nearly reaching a $100 million market cap, $SPONGE is making a comeback with a vengeance. Crypto exchanges are where users can buy, sell, and convert different cryptocurrencies. Here you can find list of all SPONGE exchanges where you can buy and sell SpongeBob, trade SPONGE with other cryptocurrencies including stablecoins, and fiat currency.

1. $SPONGE almost hit a $100 million market cap in May 2023, peaking just shy of that milestone.
2. Visit the SPONGE project site and click ‘Connect Wallet.’ Follow the prompts to authorize the wallet connection.
3. Sponge, with its quirky look and whacky inspiration, was one of the key tokens that got people’s attention.
4. Users can also opt for a number of other centralized exchanges such as Gate.io, BitMart and Bitget in order to purchase SPONGE tokens.

We feel that with the rise of new meme coins that have attracted mainstream attention. SPONGE V2 is potentially setting the stage for explosive growth. With an already existing strong and supportive community, the SPONGE team seems to have taken the correct steps to increase the longevity of the project. The stake-to-bridge mechanism is quite attractive for both existing holders and new curious traders. The main aspect which contributes to the success of meme coins is the community.

It can also build engagement within the $SPONGE community, which is good for the project’s long-term health. Visit the SPONGE project site and click ‘Connect Wallet.’ Follow the prompts to authorize the wallet connection. One of the unique features of Sponge is its partnership with Tamadoge, a Web3 gaming project.

$SPONGE already delivered a 100x return for investors once, and it looks set to do it again. $SPONGE almost hit a $100 million market cap in May 2023, peaking just shy of that milestone. Now, the project wants to get back to $100 million and shoot even higher.