Investors will then receive staking rewards in Sponge V2 tokens. V2 tokens earned through the purchase bonus will be available to claim as soon as $SPONGE V2 officially launches. Instead, simply visit the Sponge website and click ‘Staking V2’. Connect your crypto wallet and type in the number of Sponge V1 to stake. The V1 tokens will then be bridged, meaning your staking rewards will be paid in Sponge V2. One of the most effective ways to produce returns of 100x or more is to secure tier-one exchange listings.
In the P2E version, players who climb the game’s leaderboard will be rewarded with $SPONGE V2 tokens. The only way to get SPONGE V2 right now is by staking the V1 token and bridging to V2. In this guide, we’ll explain how to buy $SPONGE V2 and explain why this is a sale investors won’t want to miss.
- This is a high-risk investment and you should not expect to be protected if something goes wrong.
- Investors can increase their holdings over a 4-year period, starting at a minimum APY of 40%.
- Once you buy $SPONGE tokens, they will be automatically staked.
- After all, it helped early backers make a 100x return on their original investment.
- The Sponge V2 website accepts two cryptocurrencies; Ethereum and Tether.
- These are just a few examples of high-growth meme coins; there are many more.
It was released in May 2023 and went on to make 100x gains for early movers. Sponge V2 is the second coming of this project which bridges Sponge V1 to Sponge V2 and brings staking and gaming perks. However, Sponge V2 is not only planning to ride the wave of the upcoming bullish movement.
Is the second edition of Sponge; a popular meme coin that exploded in May 2023. To understand why Sponge V2 could be the next crypto to explode, let’s take a step back. For those who missed the action earlier this year, Sponge V1 went from a market capitalization of $1 million to $100 million in days. Sponge ($SPONGE) is a memecoin inspired by Spongebob Squarepants.
The new token sets the stage for additional development and the team behind $SPONGE has plotted out an aggressive roadmap, as we’ll discuss more below. The project was built around the already popular Spongebob Squarepants meme and it attracted more than 20,000 social media followers in just a few weeks. Visit the SPONGE project site and click ‘Connect Wallet.’ Follow the prompts to authorize the wallet connection. Transfer the purchased ETH or USDT to the wallet set up in Step 1.
Investors who buy new $SPONGE V1 and stake it now will earn a 100% purchase bonus in V2 tokens. After a fast presale, $SPONGE launched with a market cap of $1 million and quickly rocketed to a valuation of almost $100 million. In the process, early investors in $SPONGE saw 100x returns. The project now has more than 11,600 token holders according to DEXTools. SPONGE V2 is an updated version of the explosive $SPONGE meme coin, which skyrocketed more than 100x after its launch in the spring of 2023. The new V2 token promises to deliver even bigger returns for investors through major listing exchanges, a play-to-earn game, and more absorption.
Achieving this goal would put $SPONGE in the ranks of massively valuable meme coins like Dogecoin, Shiba Inu, and Pepe. Listings on either exchange would likely send the price of $SPONGE shooting higher. Binance recently listed the $ORDI meme coin and saw the token’s price spike 120% after how to start crowdfunding in bitcoin for free listing. The $SPONGE V2 sale is distinct from most other top crypto presales in that investors can’t simply buy $SPONGE V2 tokens. Instead, the only way to acquire $SPONGE V2 is by bridging from the V1 token. Set up a crypto wallet like MetaMask that’s compatible with ERC-20 tokens.
You need to set up a crypto wallet, and it’s important to chose a wallet that supports ERC-20 tokens as this is $SPONGE Standards. Sponge exploded by more than 3000% when it launched in May 2023. While the memecoin mania has gone, a new bullish wave is on the horizon. If Sponge is able to capitalize on the current macroeconomic conditions and stay true to its long-term goals, it can potentially explode this year.
With the announcement of stake-to-bridge, multiple investors are coming together to buy Sponge. There is an anticipation that the returns could be bigger this time. These are just a few examples of high-growth meme coins; there are many more. Nonetheless, some analysts believe asp net mvc developer job description template software development that Sponge V2 could be next. Not only is the broader crypto market bullish, but there are some key events lined up next year. The biggest goal on the $SPONGE V2 roadmap is to achieve listings on Binance and OKX, the world’s 2 largest crypto exchanges by trading volume.
How to Buy SPONGE V2 ($SPONGE) – A Step-By-Step Guide for Beginners
$SPONGE could be the biggest meme coin of the 2024 bull market and see similarly eye-popping gains. Investors will need to swap these tokens for $SPONGE on the project’s site. Most centralized exchanges accept fiat payments, including credit cards. At the time of writing, Sponge V2 token is available for cents guys – the lowest price that investors will be able to acquire them.
How do you feel about $SPONGE today?
For instance, we’re buying 1 ETH worth, which gets us 4,835,252 $SPONGEV2 tokens. This includes browser extensions for Chrome, Firefox, Edge, Brave, and Opera. We’d suggest opting for a browser extension, as the Sponge V2 investment process is a lot more seamless.
What is the fully diluted valuation of Sponge ($SPONGE)?
Investors can increase their holdings over a 4-year period, starting at a minimum APY of 40%. This is one of the reasons that Sponge V2 has become one of the most interesting staking tokens to invest in. With over 27k followers on Twitter, Sponge continues to maintain a respectable market capitalization to this day, hovering just above the $12 million mark. This result was surprising for most in the crypto space, considering the project didn’t advertise any utilities or had other fundamentals. However, one look at the project’s Twitter is enough to learn that the project continued to inspire confidence among the people.
The idea is simple; hype leads to FOMO, which results in significant upside potential. However, the only way to gain access is through a stake-to-bridge model. In order to get $SPONGE V2, investors must stake V1 tokens to the V2 smart contract.
The game can increase the appeal of $SPONGE to audiences like gamers who may not otherwise join the project. It can also build engagement within the $SPONGE community, which is good for the project’s long-term health. Investors will see an order box on-screen where they can either select ETH or USDT (or buy on BSC) to use for the exchange.
We also explore why Sponge V2 could be even more successful than Sponge V1 – which produced 100x gains early this year. So, investors effectively double their investment in $SPONGE just for being early to join the V2 launch. $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.
Players will then earn additional $SPONGEV2 tokens as they progress through the game. Although Bitcoin still trades below its former all-time high, there’s no denying that Meme Coin kubernetes vs docker Mania is back. Throughout 2023, we’ve seen many meme coins explode in value. During the last crypto bull market, Dogecoin—then the biggest meme coin—gained 23,000% in a single year.