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The global crypto market is always coming up with new trends and situations that investors need to assess to stay safe.
But at present, the cryptocurrency market worldwide is pointing towards a new and exciting sensation that is actually a meme token of gigantic proportions.
We're talking about SpongeBob ($SPONGE) which bears resemblance to the old-school yet extremely popular cartoon character of the same name.
But the reason people are going crazy about $SPONGE is much more than its origins. It is the opportunity that is associated with a sensational meme token.
Like other immensely growing meme coins like PepeCoin, $SPONGE is also making strides to build a vast crypto community full of supporters and enthusiasts who see the bigger picture of SpongeBob.
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$SPONGE token is reaching new heights these days because of its uncontrollable popularity and buzz all over social media.
After Dogecoin and Shiba Inu, experts have never seen a meme token like $SPONGE which has grown 100x overnight. Being dubbed the "no. 1 community meme token", SpongeBob is only getting ready to reach for the stars and reward all who buy $SPONGE.
Seeing the progress of $SPONGE, it is no wonder that CoinMarketCap, the crypto industry's largest crypto information site, listed it. So now that $SPONGE is listed right next to the top 10 cryptos on CoinMarketCap, the question is, "What's next?"
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The official website of SpongeBob indicates an upcoming airdrop to encourage and reward the community. For a new coin like $SPONGE, being listed on CoinMarketCap is a huge deal.
Right off the bat, $SPONGE is showing signs of bullish behavior as its individual price is growing at 52% at the time of writing. Furthermore, its fully diluted market cap has reached above $45.3 million and is rising every single moment.
The 24hr volume of any crypto is a great indicator of how popular it is among crypto traders. A total of $101,844,394 worth of $SPONGE has exchanged hands in the past 24 hours.
These numbers are extraordinary for a growing meme token that secured a listing on CoinMarketCap only a couple of days ago.
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SpongeBob has already made it to the top crypto list on CoinMarketCap, and now 4,000 people have it in their watchlist. With so much going on with this project, the question one might come up with is: should I buy $SPONGE now or hold on for a while. Naturally, we are here to help you understand what you could be gaining if you bought $SPONGE now.
Let's take a look at the details and specific reasons why you should buy $SPONGE?
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The majority of crypto investors choose to put their hard-earned money into a project only if it seems profitable with high returns. That is exactly what $SPONGE's success is offering all crypto market participants. Data proves that $SPONGE is already up by 68% as we write this piece, which gives us enough insight into its parabolic returns.
One of the ways $SPONGE has been overtaking all that $PEPE has managed to gain is through extreme liquidity. Crypto traders and investors are always on the lookout for some liquid assets, and $SPONGE presents itself in that form. Though $SPONGE has a lower token supply, it is still far more attractive as an investment than $PEPE. Due to this, $SPONGE seems safer and a more profitable bid.
Availability has been a huge measure of success for crypto projects since the very beginning. $SPONGE proves to be no exception to this rule, as the project started off with a number of listings on various centralized exchanges. There is a lot of speculation around $SPONGE being listed on Binance in the next phase, but for now there has been no news. $SPONGE has been recently listed on one of the oldest crypto exchanges, Poloniex.
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The rate at which $SPONGE is making advancements in the crypto market is backed by its active community and fan following. At a time when other popular meme tokens like $PEPE are bleeding and the gas fee of Ethereum keeps rising, only $SPONGE seems to be on the right track. The community can sense the excitement and capability of $SPONGE and thus continues to support it.
The crypto market, as a whole, has never stayed still for more than a second in all of these years. For this reason, people tend to look for a crypto investment that shows stable signs of growth. This search for a stable-ish and progressive meme token has brought several to $SPONGE. Its growing influence, price, and volume show signs of resilience despite negative market sentiments.
$SPONGE is overtaking $PEPE in more than one way. First off, it is going bullish with a fresh increase in its 24hr volume and individual price, while $PEPE is down by several points. In the meantime, $SPONGE is preparing for its first phase of CEX listings, but there is no news about it from the $PEPE team. $SPONGE is growing at an exceptional rate, but $PEPE's liquidity is suffering. All of this outshines $PEPE and puts $SPONGE at the center stage.
$SPONGE is available to buy easily from its official website. The team has ensured that all popular crypto wallets can be utilized to buy $SPONGE in a few seconds. Thus, by simplifying the buying process, $SPONGE has made a significant jump recently. Investors are jumping on the $SPONGE bandwagon because they see its potential, maximized liquidity, and better ROI.
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It is safe to say that a meme token like SpongeBob has never made it so far in the crypto market before. Even though names like Dogecoin exist in the market, investors remember it as a hyped crypto project.
But $SPONGE has more to offer than meets the eye, and it can be explained through its extraordinary market cap, liquidity, and volume. If you're looking to make some serious money, then $SPONGE is the best way to do that.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
