Sponge Coin Surges 84% in 24 Hours on V2 Bridging Excitement
Meme coin Sponge experienced a significant spike, rising 84% in just 24 hours to reach $0.00114. This surge in price was driven by the excitement surrounding its V1 to V2 bridging.
Speculation Grows as SPONGE V2 Could See Massive Price Increase
There is now speculation about whether SPONGE V2 could replicate the success of Pepe Coin and potentially see a staggering 4,046% increase in its price.
YouTube Analyst Suggests More Gains Ahead for $SPONGE
A YouTube crypto analyst points out that $SPONGE has already advanced 10x from recent lows and looks well-positioned for even greater gains in the future.
Higher Price Highs Expected as SPONGE Breaks All-Time High
$SPONGE reached a new all-time high of $0.001248, surpassing its previous high of $0.001214. With buyers taking a breather but showing clear intent, further price increases are anticipated.
Staking Required to Claim SPONGE V2 Tokens
To claim the new SPONGE V2 tokens optimized for gaming, holders of the original V1 token must stake their tokens. So far, over 4 billion tokens have been deposited for bridging.
Keep an Eye on Project Socials for Bridging Event Announcement
The date of the bridging event is yet to be announced, so token holders are advised to stay updated by following the project’s social media accounts on Twitter and Telegram.
Purchase SPONGE V1 to Gain Exposure to SPONGE V2
For those who do not already own SPONGE V1, they will need to purchase it first and then stake it in the bridging contract to gain exposure to SPONGE V2. More information can be found on the Sponge.vip website.
Technical View Indicates Further Bullish Progress for SPONGE
The breach of resistance at the previous all-time high suggests that SPONGE is poised for further bullish progress from a technical perspective.
Earn 386% Annual Staking Reward Rate with SPONGE V2
Stakers are currently enjoying a reward rate of 387%, which helps explain the buying pressure behind the price appreciation. The new utility features of SPONGE V2 have attracted new investors.
Justin Sun’s Interest in SPONGE Raises Bullish Sentiment
The recent news of Tron founder Justin Sun potentially rotating out of Bitcoin and into meme coins like $SPONGE V2 has encouraged bullish traders. Sun owns $123,000 worth of SPONGE
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