Last upgraded: March 14, 2024 18:31 EDT|1 minutes checked out
As its incredible run greater continues, dogwifhat (WIF) financiers are moving to a covert crypto ICO called Sponge (SPONGE) as they look for 100x gains.
Dogwifhat pumped up over 18% on Friday as it struck fresh all-time highs above $3.18 per token.
With a market cap of now more than $3.18 billion, some are worrying that the rally may be running out of steam.
Yes, possibly WIF can pump another 7-8x to reach Dogecoin's market cap over $25 billion.
In the meme coin world, traders tend to look down their noses at the possibility of 7-8x gains.
Meme coin traders frequently choose targeting coins that use possible gains in the area of 100x or more.
One such coin they are most likely having a look at consist of a surprise crypto ICO called Sponge (SPONGE).
Dogwifhat Investors Shift to Viral ICO Sponge (SPONGE)
Famous meme coin Sponge (SPONGE), which struck a market cap of $100 million back in 2023 to hand financiers 100x gains at the time, is as soon as again in the spotlight in wake of its migration to Polygon.
Last at $0.00337, $SPONGE is up over 400% considering that its February 5 Polygon launch.
DogWifHat Holders are Migrating To This Hidden Crypto ICO for 100x Gains
That provides the token an outstanding market cap of simply under $136 million, according to DEXTools.
Sponge isn't simply any old utility-lacking meme coin.
The brand-new ICO provides a passive earnings chance and likewise works as the native token of a play-to-earn (P2E) racing video game.
Sponge purchasers who stake their tokens can protect yields of as much as 175%, according to the main Sponge site.
The P2E video game will see gamers completing versus each other for ranks on an international leaderboard. Racing benefits are paid in SPONGE V2.
Possibly the most amazing thing about Sponge is that it's still incredibly early to get into the coin.
Meme coins like Bonk, Dogwifhat, and Pepe have actually demonstrated how an upstart meme coin can reach a multi-billion-dollar market cap.
The meme coin's site is likewise teasing that it will quickly release on larger and much better exchanges, which might bring a wave of brand-new purchasers to $SPONGE.
Offered its low market cap of $136 million, Sponge might be taking a look at 100x gains from here.
Purchase Sponge Here
Disclaimer: Crypto is a high-risk property class. This short article is offered educational functions and does not make up financial investment recommendations. You might lose all of your capital.
