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Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

SPONGE Lists On 2 Major Exchanges: Will It Beat Pepe’s Solid Price Performance?

Christian Encila
Christian Encila
2 years ago
3 mins read
SPONGE

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SPONGE, the latest addition to the world of meme coins, has been making waves since its launch. With recent listings on popular cryptocurrency exchanges like Poloniex and MEXC, the Spongebob coin has attracted the attention of traders and investors alike. 

But the question on everyone’s mind is: will it surpass the impressive price performance of meme coin darling, Pepe?

As the cryptocurrency market continues to grow, meme coins have emerged as a popular trend among traders and investors. These coins often feature fun and quirky designs that appeal to the younger demographic, making them a hit among social media users. 

And SPONGE is no exception. With its unique sponge-shaped logo and playful marketing, it has quickly gained a following in the crypto community.

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SPONGE: The Rising Star Among Meme Coins?

SPONGE, a brand new Ethereum-based ERC-20 meme token, has quickly become a rising star among the highly-stacked field of meme coins, with its unique branding and impressive price performance.

Currently priced at 0.000452, the token has already made a name for itself as one of the most successful meme coins this year, despite being down 43.53% in the last 24 hours.

The token made its debut on the decentralized exchange Uniswap on May 4, and within just 48 hours, it was listed on CoinW and Toobit. This lightning-fast listing process is in stark contrast to PepeCoin (PEPE), which took three weeks to list on its first centralized exchange. 

In fact, following its listings on various exchanges, SPONGE came incredibly close to reaching a $100 million market cap, and was ranked in the top 275 cryptocurrencies by market cap, according to CoinMarketCap data.

One impressive feat that SPONGE achieved was its trading volume on Uniswap. Within just four days of its launch, its 24-hour trading volume exceeded $100 million, outpacing the trading volume of PEPE by a significant margin.

This made SPONGE the most-traded coin on Uniswap, excluding wrapped Ethereum. With such impressive numbers, many are wondering if SPONGE will be able to surpass the success of its meme coin rival, Pepe Coin.

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Meme Coin Craze Sweeps The Crypto Market

SPONGE’s impressive price performance is part of a larger trend in the crypto market: the meme coin craze. In recent months, these tokens have gained immense popularity among traders and investors, with many hoping to strike it rich with the next big meme currency.

The success of meme coins like SPONGE and Pepe Coin is a reminder that the crypto market is not solely driven by technology and fundamental analysis. Rather, it is a reflection of human behavior and sentiment, which can be just as unpredictable and volatile as the market itself. 

As the meme coin mania continues to sweep the crypto market, it will be interesting to see which tokens rise to the top and which fall by the wayside.

-Featured image from Business 2 Community

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Christian Encila
Christian Encila

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Read more

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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