Eagle-eyed watchers of emerging small market cap projects are pouring into Sponge (SPONGE), a new Web3 meme coin that comes with its own staking and video gaming community, ahead of the token’s listing on major exchanges.
SPONGE has jumped over 9,000% since the original iteration (SPONGE V1) launched back in May 2023. The V2 token is currently priced around $0.002416, or 9600% higher than its V1 launch price of $0.000025.
The current frantic buying activity around SPONGE is down to two upcoming major milestones: the token’s listing on major exchanges and the tbc release of an upcoming play-to-earn racing game, where players compete to earn SPONGE rewards.
So, in order to better brief you on the hottest meme coin in town is, here’s a brief explainer on Sponge’s history and its future.
From Obscurity To The Moon: Sponge
SPONGE V2: Bigger Staking Rewards And TBC Racing in Web3!
The team introduced a couple of key improvements with the V2 upgrade, including a new staking model that offers a minimum yield of 40% APY.
This yield currently sits at around 410%, varying according to the number of stakers and tokens locked up.
More stakers will be piling onto the project in the near-term too, if the project’s strategy goes according to plan.
In the coming weeks, the team hopes to list SPONGE on some of the world’s biggest crypto exchanges—including Binance and OKX. Doing so could exponentially catalyze further positive price action as the token becomes more accessible to everyday retail buyers.
You aint seen nothing yet $SPONGE #BullMarket #AltSeason pic.twitter.com/Vj4fLSW6M4
— $SPONGE (@spongeoneth) March 20, 2024
Alongside the exchange listings, the team is launching a new play-to-earn crypto game. Players commit SPONGE tokens to race Spongebob and friends around the fictional town of Bikini Bottom for SPONGE rewards.
With its dual revenue staking/gaming model, SPONGE is looking seriously disruptive next to larger market cap rivals with low utility, like PEPE, DOGE and WIF.
Meme coins have been both rallying hard and leading the dips throughout 2024 as the industry wonders if it’s on the verge of another bull run. In any case, longevity is ideal for every crypto project, so meme coins have to offer more than laughs to stick around.
Take advantage of this window of opportunity to stake $SPONGE and secure Sponge V2 tokens before exchange listings bring the project mainstream.
The post Crypto Experts Eye New Web3 Meme Coin, Racing to Invest Before It Hits Exchanges appeared first on Cryptonews.
