SpongeBob SquarePants-themed meme coin $SPONGE reignites hype with upcoming airdrop
If you’re a fan of SpongeBob SquarePants and meme coins, you’ll be excited to know that $SPONGE is hosting an exciting airdrop competition. The first season of the competition is ending soon, with up to 10% of the token supply allocated for the airdrop. To participate, you must submit your entry by October 30th, and the winner will be chosen on November 1st. You can find instructions on how to enter on $SPONGE’s official Discord channel.
The team behind $SPONGE has also teased an upcoming announcement following the conclusion of the airdrop competition. While they haven’t provided any details, this announcement has sparked speculation among observers.
Is it the Right Moment to Dive Back into $SPONGE?
According to DEXTools, $SPONGE currently has a market cap of $2.3 million, which is relatively low considering its liquidity of $2.9 million and over 11,400 holders. Despite its modest market cap, many HODLers and liquidity miners believe that $SPONGE still has significant potential.
As the airdrop competition comes to an end and investors anticipate potential gains from the airdrop, there may be increased interest in $SPONGE due to its low valuation. Furthermore, if the upcoming announcement adds utility to the token, it could attract even more attention and potentially drive up the token price.
Hot Take: $SPONGE Could See Impressive Gains in the Future
If everything goes well for $SPONGE and it rallies back to its all-time high price of around $0.002, investors could see gains of over 20x. While this may be ambitious in the near term, a market cap of $10 million is within reach for $SPONGE, which would translate to a 4-5x gain for traders who take the risk.
If you’re interested in participating in the $SPONGE airdrop or want to keep an eye on its progress, be sure to follow their official Twitter account and join their Discord channel for updates.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.