SPONGE V2 ($SPONGEV2) Price Prediction 2024, 2025, 2030

SPONGE V2 is a new token that’s replacing the original $SPONGE meme coin. $SPONGE exploded 100x when it first launched in May 2023, and the token still has a massive community around it.

Now, all eyes in the meme coin world are on $SPONGE to see if it can skyrocket 100x again. In our SPONGE V2 price prediction, we’ll share our forecast for the future of $SPONGE.

$SPONGE Price History

$SPONGE V1 launched in May 2023 after a short presale that sold out quickly. The token was an instant success, rocketing from an initial market cap of $1 million to a valuation of nearly $100 million within days of launching.

During this period of explosive growth, $SPONGE listed on 10 centralized crypto exchanges including LBank, MEXC, Poloniex, Bitget, and others. The project attracted more than 13,000 token holders and more than 30,000 followers on its social accounts, including X and Telegram.

The token hit an all-time high of $0.001061 on May 9.

Like many meme coins, the price of $SPONGE fell sharply from its peak. However, unlike other meme coins, $SPONGE never lost its popularity. The token traded around $0.0001 through much of the summer and fall and maintained more than 11,000 token holders.

The price of $SPONGE soared upwards in November after the project team announced it would be creating a V2 token. The coin hit a high of $0.00063, then settled into trading around $0.0045.

The price of $SPONGE has fallen since the beginning of the V2 sale as investors begin permanently locking their tokens and liquidity for the V1 token declines. Currently, $SPONGE is trading around $0.00017 and has a market cap of $6.85 million. Daily trading volume in $SPONGE is around $230,000.

SPONGE V2 Price Prediction 2024

$SPONGE V2 is expected to officially launch early in 2024, after the final remaining V1 tokens sell out. At that point, investors will be able to claim V2 tokens earned during the sale and start earning $SPONGE from their staked V1 tokens.

The supply of $SPONGE will be limited at first, meaning that demand could heavily outpace supply. We expect to see the token’s price shoot upwards to around $0.0006 to $0.0010 in the first days after V2 launches.

However, we predict $SPONGE has even more growth ahead of it in 2024. The token plans to list on Binance and OKX, the world’s 2 largest crypto exchanges. Listings on these sites could send $SPONGE skyrocketing. After the meme coin $ORDI recently listed on Binance, its price jumped 120%.

A similar gain for $SPONGE would push the coin to around $0.0020 or higher. More important for the long term, listing $SPONGE on these major exchanges would grow the token’s community and expose the project to new audiences.

$SPONGE could also benefit from the macroeconomic environment in 2024. Analysts widely predict that 2024 will see a crypto bull market, which is good news for altcoins and meme coins like $SPONGE. As more investors pile into crypto, the amount of money heading into $SPONGE is likely to increase and push the token’s price higher.

With all of this in mind, we’re highly bullish about $SPONGE in 2024. We predict the token could see a price of $0.0025, which means it will achieve a more than $100 million market cap. In fact, it could be one of the best cryptocurrencies to buy for 2024.

Depending on the strength of the crypto bull market, it’s possible that $SPONGE could go even higher. If all goes well for $SPONGE, the token could potentially end the year closer to a price of $0.0040.

SPONGE V2 Price Prediction 2025

We expect $SPONGE to keep growing into 2025 thanks to the play-to-earn game the project is planning to launch in late 2024.

According to the $SPONGE whitepaper, this game will enable players to race around as popular cartoon characters. The game will require players to pay $SPONGE to join, then offer token rewards to players who climb the game’s leaderboards.

The game will play an important role in keeping up demand for $SPONGE and ensuring the community remains engaged with the project. In addition, a free-to-play demo mode will help draw new audiences to the project and encourage them to become $SPONGE token holders.

During this time, token holders who staked V1 tokens will continue to earn V2 token rewards. While this means that there will be inflation in the $SPONGE price, that can ultimately be a good thing because it increases liquidity and enables more trading. The inflation rate is not fixed, so the $SPONGE team can adjust the staking APY to keep supply and demand in balance.

Another tailwind for $SPONGE is that the crypto bull market could last through 2025. According to some analysts, signals indicate that bullish trends will continue at least until November 2025. This means money could keep flowing into $SPONGE throughout the year.

Considering this, we expect $SPONGE could finish 2025 at a price around $0.0060. That’s a 35x gain from today’s price and a more than 100% gain from our predicted price at the end of 2024.

SPONGE V2 Price Prediction 2030

In 2028, $SPONGE will stop issuing new V2 staking rewards from locked V1 tokens. That will mark an end to the project’s inflationary tokenomics and begin to put pressure on the existing $SPONGE supply. Any increase in demand could rapidly outpace available trading supply, sending the price of the token sharply higher.

Over a period of several years, this dynamic has the potential to result in a significant increase in the price of $SPONGE. The project should continue to see demand for $SPONGE from its play-to-earn game, as well as additional demand from any developments the project undertakes in the next 6 years.

With that in mind, we think the long-term potential of $SPONGE is strong. We predict a price of $0.0100 by the end of 2030, which corresponds to a market cap of more than $400 million. That puts $SPONGE in line with the market cap of other hugely successful meme coins like $PEPE.

Potential Highs & Lows of SPONGE V2 Price

Here’s a recap of our SPONGE V2 price forecast for 2024-2030 along with potential highs and lows the token might hit in each forecast year:

What Do Other Analysts Predict for SPONGE V2?

The original $SPONGE caught the attention of several well-known crypto analysts such as Jacob “Crypto” Bury, who was one of the first to predict that the meme coin could deliver 100x gains after launch.

Now, with the announcement of the V2 token, crypto influencers are hyping $SPONGE once again. The token earned accolades as the best crypto to buy right now from Crypto Daily. Corné Marchand, who has more than 70,000 followers on YouTube, predicted that $SPONGE V2 could produce a 100x gain.

While it’s yet to be seen whether these predictions are borne out, it’s noteworthy that they’re even more bullish than our forecasts. Clearly, there’s a lot of excitement around $SPONGE V2 after the massive success of the V1 token.

What is SPONGE V2?

$SPONGE V2 is an update to the original $SPONGE meme coin. It has distinct tokenomics from the V1 token, but is otherwise very similar. Both tokens are meme and ERC-20 cryptos that transact on Ethereum.

Importantly, $SPONGE V2 is designed to replace V1 rather than exist alongside it. The only way for investors to get V2 tokens is by permanently locking their V1 tokens to the V2 smart contract.

Locking tokens in this way will entitle investors to staking rewards paid in $SPONGE V2 tokens at a variable APY for a period of 4 years.

To encourage investors to make the switch and bring more people into the V2 launch, the SPONGE project is offering a 100% purchase bonus in V2 tokens for a limited time. Investors who buy $SPONGE V1 tokens and stake them to bridge to V2 will earn V2 tokens that they can claim as soon as the new coin launches.

To learn more about the purchase bonus and get in on the $SPONGE V2 sale, check out our guide to how to buy $SPONGE V2.

SPONGE V2 Overview

Here’s an overview of everything investors need to know about SPONGE V2:

What Factors Influence the Price of SPONGE V2?

There are many factors that can influence the price of $SPONGE and especially the V2 token. Let’s take a closer look.

Exchange Listings

$SPONGE is already listed on more than 10 major exchanges, and those exchanges will offer trading on the V2 token once it launches. But the project aims to list on even bigger exchanges, including Binance and OKX.

Listing on these larger exchanges could send the price of $SPONGE shooting higher. These exchanges will make $SPONGE available to more crypto traders and investors, potentially increasing demand for the token.

Play-to-Earn Game

The team behind $SPONGE is working on a new play-to-earn game that will require players to spend $SPONGE to play. That should increase overall demand for $SPONGE, since players who want to join the game will need to have tokens in hand.

In the long run, the game can also increase demand for $SPONGE and prevent selling by keeping the community engaged.

Crypto Market Conditions

Meme coins like $SPONGE tend to perform well when the crypto market as a whole is going up. Traders and investors are more likely to buy top altcoins during bullish periods than they are during a bear market.

So, the widely predicted crypto bull run in 2024-2025 could have a significant positive effect on the price of $SPONGE.

Conclusion

$SPONGE V2 has the potential to explode more than 25x in the year ahead according to our $SPONGE price prediction. This token has enormous potential thanks to the community already built up around it and its plan to list on two of the world’s biggest exchanges. Looking further down the line, we forecast that $SPONGE could ultimately reach a market cap of more than $400 million.

Investors can get their hands on $SPONGE V2 now before it launches by buying V1 tokens and bridging to the V2 coin. Visit the $SPONGE project site to buy tokens and claim a 100% purchase bonus.

References

• https://www.dextools.io/app/en/ether/pair-explorer/0xf935f557e06a7d040dea4691f90c9a755301818b
• https://www.binance.com/en/feed/post/1671726
• https://www.coindesk.com/business/2023/12/20/tis-the-season-to-be-jolly-about-the-crypto-market-in-2024/
• https://dailyhodl.com/2023/11/22/pantera-capitals-dan-morehead-forecasts-bitcoin-bull-market-cycle-says-current-rally-should-last-till-november-2025/
• https://www.youtube.com/watch?v=DCatUf8iqko
• https://www.youtube.com/watch?v=Eo2vBNdwG-A
• https://www.youtube.com/watch?v=I8uiIcHdU9U&t=11s
• https://www.cnbc.com/2023/12/04/bitcoin-price-at-100000-in-2024-crypto-execs-say-bull-run-has-begun.html

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Michael Graw

Crypto Expert

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Michael Graw

Crypto Expert

Michael Graw is an experienced writer in the business and B2B tech fields. His articles can be found on Business Insider, Entrepreneur, Tom’s Guide, and TechRadar, and cover everything from corporate finance to crypto and international tech regulation. A prolific copywriter and entrepreneur, Michael has worked with a wide range of SaaS and tech companies and has his finger firmly on the pulse of B2B tech and finance.

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