With the meme coin sector surging, experts are now looking for the next meme coin with the potential to produce the first 100x return in 2024.
The BTC ETF narrative that’s driven the price of $BTC higher over the past few months is also helping the meme coin sector.
Top meme coins like $DOGE and $SHIB have exploded over the past month, climbing 21% and 35%, respectively.
Now, experts suggest $SPONGE V2 as the first 100x meme coin in 2024 as it seeks to re-launch through its stake-to-bridge utility.
What you'll learn 👉
Meme Coin Season Flourishes With $DOGE and $SHIB Climbing.
Meme coin season is flourishing, with heavyweights like $DOGE and $SHIB starting to climb.
$DOGE bounced by an impressive 5% over the past 24 hours after finding support at the $0.09 level yesterday.
The cryptocurrency started its bullish move toward mid-October, climbing from a low beneath $0.06 to reach as high as $0.1 by mid-December.
It has since pulled back but has established solid support at $0.09.
Looking ahead, the first level of resistance lies at $0.095. This is followed by resistance at $0.1 and $0.105.
If the buyers continue to push to set fresh 2023 highs, added resistance is found at $0.11, $0.117 (1.272 Fib Extension), $0.12, and $9.122 (1.414 Fib Extension).
$SHIB is also seeing a similarly bullish episode after bouncing by 6.2% over the past 24 hours.
$SHIB started surging from $0.00000750 in mid-November to reach as high as $0.000011 at the start of December.
The cryptocurrency pulled back during the month but has now established solid support at the 21-day EMA level.
Looking ahead, the first strong resistance ahead of $SHIB lies at $0.0000116. This is followed by resistance at $0.0000118 (bearish .618 Fib), $0.000012, and $0.00001288 (October 2022 highs).
Lower Meme Coins Also On The Move
The recently ignited meme coin season has also given birth to a slew of newly emerging meme coins.
One in particular shined above everything as $BONK exploded higher to reach a $2 billion market cap level.
Smaller market cap projects like $PEPE and $BABYDOGE are also climbing, as they surged 16% and 9% this week, respectively.
A Perfect Time For $SPONGE To Come Back?
With the meme coin season officially starting, investors are stating this is the perfect time for $SPONGE to come back with its V2 Upgrade.\
$SPONGE was one of 2023’s biggest meme coin stories after launching in the May 2023 bear market through a fair launch and becoming the first meme coin to surge by 100x that season.
The meme coin launched with a small $1 million market cap level and quickly surged beyond 100 million dollars to provide early adopters with 100x returns.
The popularity of the token was unprecedented as exchanges like Gate.io, MEXC, and Poloniex rushed to list the token.
Now, the team has announced that the meme coin is returning with its V2 launch. The next incarnation of the project is ready to absorb the damp and will be bigger and better than ever.
Best of all, the V2 token will ensure a fair launch through its stake-to-bridge utility.
Intuitive Satke-to-Bridge Utility For Fair V2 Launch
$SPONGE V2 is no standard presale. To get ahold of the V2 version of the token, users will need to stake-to-bridge.
There are two ways to get involved;
1. Buy and stake Sponge V1 through the Sponge.vip website’s buy widget.
2. Stake held Sponge V1 through the Sponge.vip website.
The more V1 $SPONGE staked and the longer the period, the more V2 $SPONGE rewards are earned.
Once the V1 tokens are locked in the staking contract, they will be locked forever to support the transition from the V1 version.
This presale method provides the fairest launch method for those currently holding $SPONGE and those sitting on the sidelines.
$SPONGE plans on producing the next 100x return through a series of utilities, starting with stake-to-bridge and play-to-earn.
The team will create a bespoke P2E game that will bring an addictive nature to the ecosystem, providing utility through access credits.
Overall, it’s no wonder that experts are predicting $SPONGE as the first 100x token in 2024. The team has proven its competency of delivering 100x gains in 2023 and is looking forward to 2024 being their best year yet.
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