Dogecoin Investors Shift Focus to Exciting New Meme Coin, Hunting for 1000% Returns
As Dogecoin (DOGE) consolidates close to its 21DMA at $0.18 after having pulled back over 20% from last month’s highs, Dogecoin investors are shifting focus to an exciting new meme coin called Sponge (SPONGE) as they hunt for 1,000% returns.
Dogecoin remains the undisputed king of the crypto meme coins. But its monstrous market cap of last around $25.58 billion suggests the scope for further gains is somewhat limited.
Sure, Dogecoin could 5x still this bull market. But many meme coin investors will be targeting higher gains, of 1,000%, or 20x or more.
Such investors should search for exciting new meme coins with much lower market caps, and a lot of viral potential.
A meme coin called Sponge ($SPONGE) fits this bill perfectly, after launching its V2 on Polygon earlier this year.
The original Sponge token nearly hit a market cap high of $100 million last year.
However, the token migrated to Polygon to make use of its lower fees and faster transactions a month ago. And the migration to Polygon has ignited a surge in the $SPONGE price.
$SPONGE hit a market cap of as much as $160 million in March. It’s since fallen back to a market cap of around $80 million, offering investors the chance to buy the dip.
Buy Sponge Here
Sponge isn’t just any old utility-lacking meme coin.
The exciting new meme coin offers a passive income opportunity and also functions as the native token of a play-to-earn (P2E) racing game.
Sponge buyers who stake their tokens can secure yields of up to 368%, as per the official Sponge website.
Milestone alert, #SPONGERS!
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