Shiba Inu Investors Eyeing 1000% ROI in Sponge
As Shiba Inu (SHIB) consolidates close to its 21DMA at $0.000029 after having pulled back nearly 40% from last month’s highs, Shiba Inu investors redirecting funds to a fresh ICO called Sponge (SPONGE) as they target 1,000% upside.
Shiba Inu remains one of the leading crypto meme coins, second in market cap only to Shiba Inu. But its monstrous market cap of last around $17 billion suggests the scope for further gains is somewhat limited.
Sure, Shiba Inu could still 5x or more this bull market. But many meme coin investors will be targeting higher upside, of 1,000%, or 20x or more.
Such investors should search for exciting new meme coins with much lower market caps, and a lot of viral potential.
A meme coin called Sponge ($SPONGE) fits this bill perfectly, after launching its V2 on Polygon earlier this year.
The original Sponge token nearly hit a market cap high of $100 million last year.
However, the token migrated to Polygon to make use of its lower fees and faster transactions a month ago. And the migration to Polygon has ignited a surge in the $SPONGE price.
$SPONGE hit a market cap of as much as $160 million in March. It’s since fallen back to a market cap of around $80 million, offering investors the chance to buy the dip.
Sponge – A Fresh ICO Targeting 1000% Upside
Sponge isn’t just any old utility-lacking meme coin.
The exciting new meme coin offers a passive income opportunity and also functions as the native token of a racing game.
Sponge buyers who stake their tokens can secure yields of up to 368%, as per the official Sponge website.
Meanwhile, the P2E game will see players competing against each other for ranks on a global leaderboard. Racing rewards are paid out in SPONGE V2.
But perhaps the most exciting thing about Sponge is that it’s still super early to get into the coin.
Meme coins like Dogecoin, Shiba Inu, and SafeMoon have shown how an upstart meme coin can reach a multi-billion-dollar market cap.
The exciting new meme coin’s website is also teasing that it will soon launch on bigger and better exchanges, which could bring a wave of new buyers to $SPONGE.
At just $67 million, Sponge could be looking at 1000% ROI in terms of price upside.
Hot Take: The Potential of Sponge in the Meme Coin Market
With opportunities for passive income, a unique utility as a gaming token, and the potential for explosive growth, Sponge (SPONGE) emerges as a compelling option for meme coin investors seeking substantial returns.
Investors interested in high-risk, high-reward assets may find Sponge’s 1000% upside projection appealing, especially considering its relatively low market cap compared to established meme coins.
By offering staking rewards and incorporating a play-to-earn model, Sponge sets itself apart from traditional meme coins, positioning itself as a dynamic player in the evolving cryptocurrency landscape.
By
By
By