SPONGE V2 ($SPONGEV2) Price Prediction 2024 – 2030

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$SPONGE is an explosive meme coin that delivered a 100x return for early investors when it launched in May 2023. Now, $SPONGE is back with a new V2 token that promises to deliver even bigger gains and absorb more damp.

Could the $SPONGE V2 token pump 100x after launch? Keep reading our SPONGE V2 price prediction for the answer.

$SPONGE Token Price History

$SPONGE first launched in May 2023, seizing the hype around meme coins created by $PEPE. In its first week of trading, $SPONGE exploded 100x from an initial $1 million market cap to an almost $100 million market cap.

According to DEXTools, $SPONGE hit an all-time high of $0.001061 on May 9.

$SPONGE fell quickly from that peak, as many meme coins do, but it didn’t fall as far as a lot of other meme coins. For much of 2023, $SPONGE traded at around $0.00010 and maintained a market cap of around $5 million.

When $SPONGE announced its new V2 token, the price quickly spiked to $0.00063, a more than 6x gain for investors who were holding onto $SPONGE at the time. The token then fell slightly, but has quickly regained ground as investors began locking up V1 tokens.

Right now, $SPONGE is trading around $0.00050 and the project has a market cap of $20.2 million.

$SPONGE has several important advantages that new projects don’t have. First, the token has an enormous community built around it. $SPONGE has more than 11,700 token holders as well as more than 23,000 followers on X and 8,000 followers on Telegram.

In addition, $SPONGE is listed on more than 10 popular centralized exchanges, including MEXC, LBank, Poloniex, Bitget, Bitkan, and more. That makes it relatively easy for trading in $SPONGE to spike quickly.

$SPONGE Price Prediction 2024

$SPONGE V2 is expected to launch in early 2024 once the last remaining V1 tokens sell out. The launch could be a momentous event for this meme coin project, proving that it has the development muscle to roll out a new coin and retire an old one.

We expect to see high volatility and price gains for $SPONGE as soon as the V2 token launches because the circulating supply will be very limited. Tokens will only be in circulation from a purchase bonus (being offered now) and the first round of staking rewards from locked V1 tokens.

So, demand can outstrip supply and send the price of $SPONGE shooting higher.

We also expect to see new exchange listings as a major catalyst for $SPONGE. The project is aiming to list on Binance and OKX, the 2 largest crypto exchanges in the world. Listings on either or both of these exchanges would expose $SPONGE to new audiences and increase its mass appeal.

As an example of what could happen, just look at the $ORDI meme coin, which recently listed on Binance. In the days after the listing, the token’s price jumped 120%.

Another reason to be bullish on $SPONGE in 2024 is that many analysts expect the crypto market to go on an upward tear. Money could pour into the crypto market much like it did in 2021 and send the prices of all tokens—$SPONGE included—soaring.

In fact, a meme coin like $SPONGE stands to outperform the broader crypto market when conditions are bullish. In 2021, Dogecoin gained more than 23,000%. It’s possible something similar could happen to $SPONGE if it takes position as the dominant meme coin in the upcoming bull cycle.

With all these factors at play, we think $SPONGE could be one of the best cryptocurrencies to buy in 2024. We predict a potential price of $0.0035, which represents a roughly 25x gain from today’s $SPONGE price. That would put the market cap of $SPONGE at over $140 million.

$SPONGE Price Forecast 2025

We predict that $SPONGE will continue its upward trajectory into 2025. Many analysts predict that the bull market will continue through the year, with Bitcoin and other top altcoins hitting new all-time highs.

That continued momentum is good for $SPONGE, particularly as investors who have sat on the sidelines of the crypto market jump into the space. These new investors could be attracted by $SPONGE’s large and energetic community and choose to buy $SPONGE over other available meme coins.

Another reason new investors deciding what token to buy in 2025 will look to $SPONGE is its upcoming play-to-earn crypto game. This game, currently in development, will enable players to race around as popular cartoon characters.

According to the $SPONGE whitepaper, the game will offer both a free mode and a play-to-earn mode. The free mode can attract new players to $SPONGE, who may then be motivated to buy the token in order to unlock the full game. In the play-to-earn mode, players can climb the game’s leaderboard and earn $SPONGE token rewards.

Bringing more people into the $SPONGE ecosystem will increase demand for the token, community engagement, and trading activity. All of this is likely to boost the token’s price, so we predict that $SPONGE will see significant gains in 2025.

We predict a price of $0.0075 for $SPONGE by the end of 2025.

$SPONGE Price Prediction 2030

An important shift will take place in $SPONGE tokenomics in 2028. At that time, V1 tokens that investors stake today to bridge to $SPONGE V2 will stop emitting new token rewards.

This means that starting in 2028, $SPONGE will no longer be an inflationary cryptocurrency.

That’s crucial for the coin’s development heading into 2030. Since supply is no longer increasing, every increase in demand will have a direct impact on the token’s price. A surge in interest in $SPONGE trading could see the coin go through periods of high volatility and potentially end up higher at the end of each period.

We expect demand for $SPONGE to remain strong thanks to its large community and continued rewards from the play-to-earn game. So, we forecast a potential price of $0.0110 for $SPONGE at the end of the decade. That’s a 75x gain from today’s $SPONGE price.

Potential Highs & Lows of $SPONGE Price

The table below recaps our $SPONGE price prediction and shows the potential highs and lows the token might hit along the way.

What Do Other Analysts Predict for SPONGE V2?

We’re not the only ones bullish about $SPONGE V2. Several well-known crypto influencers have spoken up about the new token and predicted major gains for early investors.

For example, Jacob Crypto Bury predicted that $SPONGE V2 could produce a 100x gain in a video to his 26,000+ subscribers on YouTube.

In addition, Crypto Daily called $SPONGE V2 the best meme coin to buy right now.

The V2 token was just announced a few days ago, so expect more crypto analysts and influencers to weigh in on $SPONGE in the days ahead. Many of the influencers who predicted the success of $SPONGE last May have yet to give their predictions for the new V2 launch.

What is SPONGE V2?

$SPONGE V2 is a second-generation version of the $SPONGE meme coin.

Both V1 and V2 tokens are ERC-20 tokens that transact on the Ethereum blockchain. The V2 token has a larger total supply, reflecting the need for additional tokens for new exchange listings and play-to-earn game rewards.

The only way for investors to get $SPONGE V2 is to stake and permanently lock their V1 tokens. This ensures that V2 tokens replace V1 tokens rather than exist alongside them in the market.

Existing $SPONGE investors can lock their token to the new V2 smart contract and earn staking rewards in V2 tokens at a variable APY for the next 4 years.

New investors can buy $SPONGE V1 while tokens remain and stake the V1 tokens to bridge to V2. Investors who buy V1 tokens now will earn a 100% purchase bonus in V2 tokens that they can claim once V2 launches.

$SPONGE Overview

Here’s an overview of everything investors need to know about SPONGE V2:

What Factors Influence the Price of SPONGE V2?

The price of $SPONGE V2 is likely to be influenced by a wide range of factors. Here are some of the most important things that could shift the price of this top meme coin.

• Exchange listings: If $SPONGE is able to list on major centralized exchanges like Binance or OKX, that’s likely to send the price of the token sharply higher.
• Crypto market conditions: A crypto bull market is likely to provide a tailwind for $SPONGE and other altcoins. It could also push more investors into the crypto market, which would help enlarge the $SPONGE community.
• Play-to-earn game launch: The launch of a new play-to-earn game could increase demand for $SPONGE tokens and encourage the community to be more engaged with the project.
• Community engagement: The more engaged the $SPONGE community is, the more likely it is that token holders accumulate more $SPONGE and hold onto their tokens rather than sell.
• Staking rewards rate: The variable APY offered for $SPONGE staking is likely to impact how attractive $SPONGE is to investors compared to other altcoins.

Conclusion

The $SPONGE V2 release promises to be one of the biggest meme coin launches of 2024. This project already delivered a 100x return once, and based on our prediction it could shoot up 25x or more in 2024.

Right now, investors can get ahead of the $SPONGE V2 launch and claim a 100% purchase bonus in V2 tokens. Don’t miss this chance to buy this explosive new coin before the opportunity disappears.

References

• https://www.dextools.io/app/en/ether/pair-explorer/0xf935f557e06a7d040dea4691f90c9a755301818b
• https://www.binance.com/en/feed/post/1671726
• https://www.coindesk.com/business/2023/12/20/tis-the-season-to-be-jolly-about-the-crypto-market-in-2024/
• https://www.cnbc.com/2021/05/05/how-much-a-1000-dollar-investment-in-dogecoin-is-worth.html
• https://dailyhodl.com/2023/11/22/pantera-capitals-dan-morehead-forecasts-bitcoin-bull-market-cycle-says-current-rally-should-last-till-november-2025/
• https://www.youtube.com/watch?v=I8uiIcHdU9U&t=11s
• https://www.youtube.com/watch?v=Eo2vBNdwG-A

FAQs

Is SPONGE V2 a good buy?

Our price prediction suggests that $SPONGE V2 could explode 25x or more in 2024. Other crypto influencers see even bigger gains, up to 100x and beyond. Right now, investors who buy $SPONGE and bridge to V2 can double their investment with a 100% purchase bonus in V2 tokens.

How much will SPONGE V2 gain this year?

We predict that $SPONGE will rise to a price of $0.0035 by the end of 2024. That’s a 25x increase for early V2 investors and represents a more than $140 million market cap.

Will $SPONGE list on Binance?

The team behind $SPONGE plans to request to list the token on Binance and OKX. While there’s no guarantee that $SPONGE will be listed, it has a large community and similar meme coins have recently been listed on these exchanges.

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