In recent weeks, there have been several tokens in the crypto market experiencing significant growth, resulting in traders achieving substantial portfolio gains. These tokens include meme coins, which have a history of rapid growth. The era of traders solely profiting from DOGE or even the more recent PEPE meme coin is now over.
Newly introduced tokens such as SPONGE have the potential to experience a similar explosive rise as other meme coins. Investors are eagerly investing in the SpongeBob token, hoping to achieve the same level of price increase. Here, we discuss SPONGE and its potential in more detail.
What is SpongeBob?
The SpongeBob token is a meme coin, pure and simple. Like other meme coins, its focus is more on the hype nature and less on actual utility. Investors seem keen on this type of token in recent weeks, which explains the rise of other tokens like PEPE. Meme coins have a lot of potential to explode in value, which is why so many of them have added to traders’ portfolios in recent weeks.
Within the first hour of trading, $SPONGE has already generated trading volumes of almost $1 million, with three-quarters of the market participants being buyers. This indicates a strong upward momentum that is likely to continue. This is an impressive feat for a coin that has only been in existence for less than two hours. However, new coins often face liquidity issues unless they have the backing of investors with deep pockets.
There is a growing trend of launching coins directly to Decentralized Exchanges (DEX), which is partly due to crypto traders abandoning centralized exchanges after the FTX incident. As regulatory troubles plague exchanges like Coinbase, the largest US exchange, an increasing number of market players are turning to DEXs.
In addition, another factor contributing to the increasing number of coin launches is the convenience brought by artificial intelligence. A prime example is the creation of Turbo Toad Token ($TURBO) in just one week, using the OpenAI chatbot ChatGPT to build everything from the smart contract to the mascot with minimal human involvement.
Given that PEPE has experienced a significant surge in value, increasing by over 6,135% since its launch on April 17th, it is understandable why some may be enticed to invest in $SPONGE. PEPE has gone up by a significant amount in recent days, adding to the excitement surrounding the DEX-only meme coin.
But where do you get SPONGE? Fortunately, it’s quite easy to get your hands on it and we explain how to buy SPONGE this below.
SpongeBob is Available on Uniswap
Welcome to $SPONGE
The Krabby Patty 🍔 of #memecoins!
Absorb the damp! pic.twitter.com/I18I61qpM2
— $SPONGE (@spongeoneth) May 4, 2023
SPONGE was listed directly on Uniswap, which is where investors should go if they want to grab some of the tokens. Investors are continuing to pour funds into it, and it could result in massive gains for them if they get in at the right time. However, as always, individuals should do their own research and be wary of the risks associated with trading in the crypto market.
At the current price growth of over 100%, it looks like investors are clamoring for the token , which has a total supply of 40.4 billion. The number of transactions has been rapidly increasing, and this number is expected to grow rapidly as news of the latest meme coin spreads.
To learn more about the SpongeBob Token, check out the website. Trading is also available directly on the website, spongebobtoken.io, using the Uniswap widget. Additionally, $SPONGE has a Twitter account that may provide updates on future developments.
Given that the token is so new, there may be more room for growth yet for SPONGE. This could result in even more gains for traders of the SPONGE token. It is certainly making the rounds in the crypto community, as many are discussing the token and whether it can replicate or exceed the success of PEPE. At the current rate, it looks like this is going to happen.
Ecoterra Also Creating a Lot of Hype
Ecoterra is a blockchain-powered platform that aims to encourage both individuals and organizations to participate in the fight against climate change. The primary goal of the project is to create awareness about the importance of recycling and motivate people to actively recycle through green educational initiatives. Ecoterra achieves this by providing incentives to users of the platform’s app, such as Ecoterra tokens, which can increase in value over time. Additionally, these tokens can be staked to earn passive dividends from Ecoterra’s revenue streams.
The benefits of Ecoterra extend to companies as well, particularly those that produce recyclable materials or engage in recycling activities. When consumers dispose of their recyclable waste correctly, recycling companies collect it and transport it to recycling centers, where it undergoes various processes to become raw materials.
Ecoterra’s ultimate aim is to create a circular product life cycle by facilitating interaction between recycling and product companies. To accomplish this, the platform will provide a shared marketplace where recycling companies can sell their raw materials, and product companies can purchase them to produce new goods.
The Recycle2Earn app incorporates user profiles to track and store their environmental actions, while companies have their own “impact trackable profiles” to purchase impact packages that contain various material types from users. This enables stakeholders to offset the negative impact of their production processes and demonstrate their commitment to sustainability.
Ecoterra also provides two other key features: the carbon offset marketplace and the recycled materials marketplace. Through the carbon offset marketplace, users and companies can offset their carbon emissions using Ecoterra tokens and support verified projects worldwide. This offset can be translated into achievements, which can be converted into NFTs. In contrast, the recycled materials marketplace is a platform for companies to locate recycled materials, connect with recyclers, and engage in other relevant activities.
Ecoterra’s presale is a worthwhile opportunity to consider, as it offers Ecoterra tokens at a discounted price of $0.007 per token. These tokens can be acquired using ETH, USDT, or a card, and are ERC-20 compliant. The total token supply for Ecoterra is 2 billion. However, in the next stage, which is only a few days away, the token price will increase to $0.00775.
Conclusion
Meme coins have cemented their position in the market and are continuously talked about due to their ability to offer utility and their tendency to experience price surges during bull runs. With the crypto market appearing optimistic for the coming months, meme coins such as SPONGE have the potential to become significant tokens.
For those interested in collecting meme coins and seeking to add another one to their portfolio, it may be worthwhile to consider this token. Currently, the presale is ongoing, making it an ideal time to explore this opportunity.
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