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The meme coin craze is hitting the crypto market and most established tokens are expected to grow steadily throughout the year. Leading platforms such as Dogecoin and Shiba Inu are doing everything they can to ensure future growth, and so far, their strategies are working great.
Even if the highest-ranked memes are expected to grow steadily, their potential is much lower than what emerging cryptos like Sponge V2 are likely to achieve. So, let’s see what’s going on with the most popular memes on the market and why your focus should be on the next 100x meme – Sponge V2.
Dogecoin is Growing Slowly but Surely
Dogecoin is selling for over $0.075 after staying below this important resistance line for a few days. However, it is still lower than its highest price point in January, at around $0.090. It has been slowly climbing the ladder in the past month, and if it manages to surpass the $0.0820 resistance zone, it could enter a bullish phase and stabilize again above the $0.090 price range.
After the gains in January, DOGE tokens stabilized above the $0.0780 range, an important feat that could define the coin’s value for the next few months. On the upscale, DOGE must surpass the $0.0820 level to reach the next significant resistance level of $0.0842. It’s nearing the 50% Fib retracement level of the downward move from the $0.0924 high to the $0.0760 low.
If the token surpasses the elusive $0.0845 level, it will likely enter a bullish phase if it gains enough support. If it fails, it could drop all the way down to $0.075 and that would spark a downtrend. We are optimistic about the next price movements, and with some luck, DOGE could finally hit the $0.1 price point within the next few months.
Shiba Inu is Surging Due to a Newly Introduced Token Burning Mechanism
Shiba Inu’s recent gains are based on real-world actions, as the platform introduced a new token-burning mechanism that increases scarcity and value. The world’s second-best meme coin is now attracting investors in mass, creating a massive buzz in the crypto community.
According to Shibarium’s latest reports, SHIB token burn rates increased by over 4250% in the past few days, deleting over 410,708 trillion SHIB tokens from circulation. The significant reduction of circulating tokens coupled with Shibarium’s movements will likely spark a bullish phase and potentially attract some of the biggest whales, resulting in some of the platform’s highest gains in years.
The number of daily transactions is relatively low, reaching just over 308 million, but it’s still enough to show a significant spark in overall activity.
Surprising for token holders, these positive developments are still followed by a slight downturn. The token lost 2.55% in the past 24 hours, but the decline is much lower than during the previous months when it reached as much as 17.43%. The new token-burning mechanism will likely result in a rally in the next few weeks, and SHIB tokens could gain as much as 500% moving forward.
Sponge V2 – The Next 100x Meme Coin as the Best Option Right Now
If you want to invest in a meme coin that is likely to explode soon, you must consider Sponge V2. It’s a new version of the $SPONGE token, which made some of the highest gains in the meme coin market in 2023. The token launched without a presale, gaining over 5,000% just weeks after going live.
However, as an actual meme coin, it was an entertainment-only platform with zero token utilization. So, it lost over half the value of its all-time highs in just a few months after going live. The developers decided to do something about it, so they developed a new, improved version, Sponge V2, giving the platform much-needed utility and long-term growth potential. Sponge V2 is the next 100x gain meme coin that will likely repeat and surpass its predecessor’s gains.
Stake-to-Bridge Reward System
Like the original token, Sponge V2 doesn’t have a classic presale event. Instead, you can only obtain the tokens through a Stake-to-Bridge reward system that requires you to buy the original $SPONGE and stake them to get the new version of the token. Once the platform goes live, $SPONGE tokens will be locked forever, and the holders will get Sponge V2 instead.
Moreover, if you invest and stake $SPONGE tokens, you will get 249% increased returns in Sponge V2. The system is unique and once the platform goes live later this year, you can expect to bring some of the highest returns on meme coin markets in 2024.
Utility From a Cart-Racer P2E Game
Unlike the original platform, Sponge V2 is built around a cart-racer game the likes of Crash Team Racing or Mario Kart, which gives it the utility it needs to keep growing in the future. Players can earn tokens by winning races and completing challenges. So, the token will have real-world use cases that will separate it from many other worthless memes.
Buy $SPONGE Tokens at the Official Website
You can go to the official $SPONGE token website right now and secure your spot among the 13,000 holders by staking the tokens you buy. Connect your wallet, exchange your ETH or USDT for $SPONGE, and watch your investment grow by 100x by the end of the year.
Wrapping Up
Meme coins are coming back with a bang and now is the perfect time to invest in Dogecoin and Shiba Inu if you want to get your money’s worth. While the two leading memes are likely to result in higher returns, their potential is nothing compared to Sponge V2, which is expected to explode by 100x by the end of the year. Visit the official Sponge V2 site and secure your spot among the earliest investors to get the highest APYs and enjoy the highest gains by the end of the year. Good luck!
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Serena James has worked as a writer for different media houses in the past. Currently, she is working as a fundamental writer for thecoinrepublic, covering decentralized finance. When she isn’t writing, she can be found skimming and scanning Twitter and other websites to produce mind blowing breaking stories.
