Spongebob Token Price Prediction - Can the $SPONGE Token Match Pepe Coin's Growth?
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Meme coins have taken the crypto market by storm over the past few weeks, with projects like Pepe Coin (PEPE) and Turbo (TURBO) both producing enormous returns for investors.
Given the price explosions of these coins, many alternative projects have sprung up looking to match (or exceed) their growth.
One coin currently making waves in this regard is Sponge (SPONGE) – a brand-new, SpongeBob-themed meme coin that looks set to go viral in the coming days.
SPONGE was launched on May 4th with little to no fanfare, taking a different approach than most new cryptocurrencies. Rather than establish itself through a presale phase, SPONGE instead quietly became available on Uniswap.
According to CoinMarketCap, Uniswap is the world’s largest decentralized exchange (DEX), facilitating over $650 million in daily trading volume. Moreover, Uniswap controls nearly 20% of the DeFi trading market, making it the ideal platform for a SPONGE price pump.
In less than 12 hours of the SPONGE token being live on Uniswap, the price had soared over 320%. Since then, SPONGE's price has risen even higher, reaching the $0.0001253 level.
This means SPONGE is up an incredible 358% from its launch price in less than one day of trading.
Per blockchain data site DEXTools.io, over $2.5 million worth of SPONGE tokens has been traded since the token launched. Moreover, the project now boasts a market cap of $5.07 million.
Interestingly, the buy orders keep coming in for SPONGE tokens – with one high roller even investing $19,000 in the project in the last two hours.
The hype around SPONGE has even led to the token being
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