In recent times, meme cash like $SHIB, $DOGE, and $SPONGE have produced sizeable features for some traders. The most recent addition to the meme area of interest gaining traction is $TSUKA, a brand new Solana-based token. TSUKA attracts inspiration from the Japanese legend of the Dejitaru Tsuka Dragon, stated to deliver luck. In a brief interval, TSUKA’s worth has surged, demonstrating the potential income meme cash can generate.
After skyrocketing over 2,500% seemingly in a single day, TSUKA subsequently crashed nearly 90% simply as quickly. For some fortunate early traders, TSUKA created great wealth. However for later entrants, the losses had been equally excessive. This excessive volatility demonstrates why timing is all the pieces relating to meme coin investing.
Getting in early, corresponding to throughout a crypto presale, can present a lot totally different risk-reward outcomes in comparison with becoming a member of at later phases. Crypto insiders and whales are predicting main potential in Sponge v2 ($SPONGE), for instance, the subsequent iteration of the favored Ethereum-based meme coin Sponge.
Meme Coin’s Explosive Debut
Sponge v2 affords a transparent instance of how early involvement in a crypto presale can present unique entry to future alternatives.
Sponge V1 launched in May 2023 and quickly amassed a peak market cap of almost $100 million. Over 13,000 holders jumped on board throughout its presale marketing campaign. The token additionally secured listings on over 10 centralized exchanges like LBank, CoinW, Poloniex, and Gate.io.
📣 We’re excited to announce that #Sponge is bridging from V1 to V2!
Stake your $SPONGE to earn #SpongeV2 tokens. 🧽💦
Purchase and stake now for a particular V2 token bonus! Don’t miss out 🔥#MemeCoin #Web3 #BullMarket pic.twitter.com/bYmkg1TNrU
— $SPONGE (@spongeoneth) December 18, 2023
Its advertising marketing campaign led to an X following of 30,000 and a profitable airdrop distribution of round $100,000 price of tokens.
Sponge is taking a singular strategy by using staking to airdrop the Sponge V2 token. There are two principal choices:
- Stake held Sponge V1 tokens by means of the sponge.vip staking portal.
- Buy and stake Sponge V1 by way of the purchase widget on sponge.vip.
Staking Sponge V1 will lock the tokens completely. The extra staked and the longer the stake, the upper the Sponge V2 rewards. As soon as the unique Sponge V1 provide runs out, Sponge V2 will turn out to be claimable. Conserving V1 staked may also generate a yield of as much as 40% APY over 4 years.
The primary enchantment of Sponge V2 is the event of a brand new Play-to-Earn game. Customers will earn $SPONGEV2 by enjoying and rating on the leaderboard. Each free and paid variations will permit informal gameplay or incomes credit to spice up in-game rewards. This utility seeks to make Sponge V2 extra sustainable long-term.
Three Stage Sponge V2 Roadmap
The Sponge V2 roadmap will roll out in three phases:
- Stage 1: Staking launch, buy-to-stake bonus, sport analysis
- Stage 2: V2 declare, sport improvement, 10,000 holder objective
- Stage 3: Main change listings, sport launch, $100M goal
Whereas retaining the viral meme standing of the unique, Sponge v2 has its sights set on mainstream adoption by means of real-world utility. As an ERC-20 token on Ethereum, the roadmap outlines change listings, a play-to-earn sport with profitable rewards, and different objectives.
As TSUKA has proven, timing is all the pieces relating to meme coin income. With the learnings from v1 and a mission to maneuver past memes into long-term viability, Sponge v2 could nicely turn out to be the subsequent viral hit for traders looking for the subsequent large meme coin wave.