{"id":90522,"date":"2024-04-12T00:15:42","date_gmt":"2024-04-12T04:15:42","guid":{"rendered":"https:\/\/ifintechworld.com\/?p=90522"},"modified":"2024-04-12T00:15:43","modified_gmt":"2024-04-12T04:15:43","slug":"this-exciting-new-meme-coin-is-attracting-shiba-inu-investors","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=90522","title":{"rendered":"This Exciting New Meme Coin Is Attracting Shiba Inu Investors"},"content":{"rendered":"
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Shiba Inu Investors Shift Focus to Exciting New Meme Coin, Targeting 1,000% Returns \/ Source: TradingView<\/figcaption><\/figure>\n

As Shiba Inu (SHIB) consolidates between its 21 and 50DMAs in the $0.000027s, having pulled back over 40% from last month\u2019s highs, Shiba Inu investors are shifting their focus to an exciting new meme coin called Sponge (SPONGE) as they target 1,000% returns.<\/p>\n

Shiba Inu\u00a0remains one of the leading crypto meme coins, second in market cap only to\u00a0Dogecoin.<\/p>\n

The Ethereum blockchain-issued meme coin first emerged in 2021 as an alternative to Dogecoin. At its market cap peak above $40 billion in late 2021, it even managed to briefly surpass Dogecoin.<\/p>\n

While SHIB might be 40% down from recent highs, it\u2019s still 3x above its mid-February levels.<\/p>\n

Its market cap has recovered to a monstrous $16.2 billion. That suggests the scope for further gains is somewhat limited.<\/p>\n

Sure,\u00a0Shiba Inu\u00a0could still 5x or more this bull market. But many meme coin investors will be targeting higher upside, of 1,000%, or 20x or more.<\/p>\n

Such investors should search for exciting new\u00a0meme coins\u00a0with much lower market caps, and a lot of viral potential.<\/p>\n

A meme coin called Sponge ($SPONGE) fits this bill perfectly. After the original Sponge token nearly hit a market cap high of $100 million last year, $SPONGE has since relaunched on the Polygon blockchain.<\/p>\n

Polygon\u00a0has much lower trading fees and faster transactions than Ethereum, where Sponge was originally issued. And the migration breathed a new lease of life into the meme coin.<\/p>\n

Exciting New Meme Coin Sponge (SPONGE) has fallen back 50% since its recent highs, offering investors a compelling opportunity to buy the dip \/ Source: DEXTools<\/figcaption><\/figure>\n

$SPONGE hit a market cap of as much as $160 million in March. It\u2019s since fallen back to a market cap of around $80 million, offering investors the chance to buy the dip.<\/p>\n

Buy Sponge Here<\/strong><\/p>\n

$SPONGE \u2013 Exciting New Meme Coin Targeting 1000% Returns<\/strong><\/h2>\n

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Sponge isn\u2019t just any old utility-lacking meme coin.<\/p>\n

The exciting new meme coin offers a passive income opportunity and also functions as the native token of a\u00a0play-to-earn (P2E)\u00a0racing game.<\/p>\n

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Don’t forget, #SPONGERS<\/a>! \ud83e\uddfd\ud83d\udca6#SpongeV2<\/a> is bringing exciting utility through our upcoming #P2E<\/a> game! \ud83d\udd25 <\/p>\n

Get ready to earn $SPONGE<\/a> tokens by playing the game and ranking on the leaderboard.<\/p>\n

Stay tuned for more info! \ud83d\ude80#MemeCoin<\/a> #Crypto<\/a> #Alts<\/a> #100x<\/a> pic.twitter.com\/5aaLxGz8N1<\/a><\/p>\n

\u2014 $SPONGE (@spongeoneth) March 22, 2024<\/a><\/p>\n<\/blockquote>\n

Sponge buyers who stake their tokens\u00a0can secure yields of up to 368%, as per the official Sponge website.<\/p>\n

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Milestone alert, #SPONGERS<\/a>! \ud83d\udd25<\/p>\n

There are now over 9.5 billion $SPONGE<\/a> tokens staked with a value of $20,333,984.53! \ud83e\udd2f<\/p>\n

Our holders are enjoying an impressive current APY of +150%. \ud83d\ude80<\/p>\n

Join us and absorb the damp!! \ud83e\uddfd\ud83e\uddfd\ud83d\udca6#SpongeV2<\/a> #Crypto<\/a> #Web3<\/a> #Alts<\/a> pic.twitter.com\/fIDwcuk26c<\/a><\/p>\n

\u2014 $SPONGE (@spongeoneth) April 2, 2024<\/a><\/p>\n<\/blockquote>\n

Meanwhile, the P2E game will see players competing against each other for ranks on a global leaderboard. Racing rewards are paid out in SPONGE V2.<\/p>\n

But perhaps the most exciting thing about Sponge is that it\u2019s still super early to get into the coin.<\/p>\n

Meme coins like\u00a0Bonk,\u00a0Dogwifhat,\u00a0and\u00a0Pepe\u00a0have shown how an upstart meme coin can reach a multi-billion-dollar market cap.<\/p>\n

The exciting new meme coin\u2019s website is also teasing that it will soon launch on bigger and better exchanges, which could bring a wave of new buyers to $SPONGE.<\/p>\n

At just $67 million, Sponge could be looking at a 1,000% ROI in terms of price upside.<\/p>\n

Buy Sponge Here<\/strong><\/p>\n

\t Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.<\/em> <\/p><\/div>\n