As the recent meme coin rally accelerates, Shiba Inu investing are shifting to a new ICO called Sponge V2 that is aiming to deliver a 1000% return on investment (ROI).
Shiba Inu (SHIB) is up 180% in the last seven days, CoinMarketCap data shows, with its market cap back above $15 billion.
SHIB bulls are targeting a retest of record highs a further more than 200% higher versus current levels.
While 200% returns are a great target, a newly launched coin called Sponge V2 potentially offers much greater upside.
Sponge V2 ($SPONGE) is the reincarnation of the legendary Sponge meme coin on the Polygon network.
The original Sponge token nearly hit a market cap high of $100 million last year.
But the token migrated to Polygon to make use of its lower fees and faster transactions a month ago.
Read more on cryptonews.com