In a sensational overnight skyrocket, ZKsync-based ZKGROK token ($ZKGROK) has exploded 130x, but as early backers take profit could this new SPONGEV2 meme coin be next?
Indeed, ZKGROK’s huge pump over the past 24-hours has seen the unlikely token explode into prominence on DEX markets, with the new token now sat at #3 on DEXtool’s hot pairs.
Steady Pumps this month𝙂𝙍𝙀𝙀𝙉𝘾𝙀𝙈𝘽𝙀𝙍#AI narrative based Token have been running w!ld. As usual i found you guys another @zkgrok ( $ZKGROK) by @memecoin_labs
-Their previous project made me solid $
– it’s a memetoken based on the 𝙂𝙍𝙊𝙆 𝙗𝙮 𝙀𝙇𝙊𝙉 hype.
-The… pic.twitter.com/zQwfRLcqGc
— Wale (@TweetByWale) December 19, 2023
ZKGROK’s success appears to have been fuelled by the promise of a second-wind for November’s breakout GROK token, replicated on the low-cost ZKsync blockchain.
ZKGROK Price Analysis: Can ZKGROK Sustain Sensational 130X Price Explosion?
As ZKGROK token consolidates new-found gains, ZKGROK is currently trading at a market price of $0.0000891 (representing a 24-hour change of +6.78%).
This comes after ZKGROK undertook a mesmerising launch, gaining instant traction that saw price erupt +3,797% in the first two hours.
In the day since, ZKGROK price has continued to steadily climb – with price moving an additional +10% in a gradual and well-defended continuation of the rally.
However, questions are emerging over whether ZKGROK is now over-extended.
Indeed, the skyrocket overnight move has left ZKGROK with an incredibly high market cap for a new coin at $8.91m.
Similar pumps generally stall around $5m market caps, and this suggests that there could be only very limited growth potential left remaining in the chart.
Yet, with 85% of transactions still representing purchase swaps, buy pressure clearly remains strong.
A critical issue is also emerging around ZKGROK’s liquidity pool, which stands alluringly high at $442k, yet, remains unlocked – exposing traders to undue risk.
Overall, ZKGROK appears to be in the top-phase of its rally cycle, with a retracement move seemingly more likely than further upside.
With that said, a new second-incarnation meme coin is sending waves through markets this morning, that could offer better returns.
Sponge V2 Launch ($SPONGEV2): A New Era in Meme Coin Evolution
Sponge V2, the latest iteration of the renowned Sponge ($SPONGE) meme coin, is making waves in the cryptocurrency market.
Following the phenomenal success of Sponge V1, which peaked at nearly $100 million in market cap and amassed over 13,000 holders, Sponge V2 arrives with promising innovations and opportunities for investors.
How to Acquire Sponge V2
Acquiring Sponge V2 is unique:
Stake Sponge V1: Buy and stake V1 tokens via Sponge.vip or stake your existing V1 tokens.
Earn More V2: The longer and more V1 tokens you stake, the more V2 tokens you earn.
Staking Mechanics and P2E Integration
Sponge V2 introduces Play-to-Earn (P2E) utility, enhancing its ecosystem.
Stake your V1 tokens to earn V2, and engage in the upcoming P2E game to earn additional $SPONGEV2 tokens.
This P2E game, a new utility in the Sponge ecosystem, will feature both free and paid versions for enhanced gaming and earning experiences.
Unique Aspects of Sponge V2
Exclusive Access: Earn $SPONGEV2 exclusively through $SPONGE staking.
Bonus Rewards: Buying and staking $SPONGE offers special $SPONGEV2 bonuses.
Passive Earnings: Staked $SPONGE tokens yield passive rewards, starting at a minimum 40% APY.
Permanent Transition: Staked V1 tokens will be permanently locked, focusing on V2 post-launch.
Roadmap and Future Prospects
Sponge V2’s roadmap is ambitious, targeting 10,000 holders, Tier 1 CEX listings, and a $100M market cap.
The launch stages include the Sponge game’s development and the Sponge V2 claim and listing.
Sponge V2 is not just a sequel to its predecessor; it’s a reinvention with a focus on utility and community engagement.
The integration of P2E and exclusive staking mechanisms make it a standout project in the meme coin domain.
Stay updated on Sponge V2’s journey through social channels and witness its growth in the crypto world.
Get Sponge V2 Here
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.
The post ZKGROK Token is up 130x in 24 Hours and This New Meme Coin SPONGEV2 is Going Viral appeared first on Cryptonews.