Economy

What is a SpongeBob coin?

What is a SpongeBob coin?

The world of cryptocurrency is witnessing a sudden spike in the market for meme-centric tokens such as Pepe, Wojak, and more, bringing great profits to early investors in recent times. Gaining widespread attention quickly, Spongebob coin is a meme coin using the decentralized structure of the Ethereum blockchain. 

Spongebob coin price

The price of SpongeBob today is $ 0.000518.The SpongeBob price prediction sentiment is bearish, while the Fear & Greed Index is 50. SpongeBob’s current circulating supply is 36.36B SPONGE out of the max supply of 40.40B SPONGE. The spongeBob coin is currently ranked as the #6035 crypto by market capitalization. In the last 24 hours, SPONGS price is up 14.60%. SpongeBob Squarepants coin is trading on 1 exchange, with a 24hr trade volume of $23.

The cryptocurrency $SPONGE has recently seen a huge surge in popularity since its listing on Uniswap last month, becoming a leading token on CoinMarketCap and CoinGecko. With more established exchanges about to list it and a relatively low capitalization of only $15 million, it looks like $SPONGE will experience another price increase.

Spongebob coin is available on Gate.io and Bitget from May 12, 2023. The coin has climbed from $2 million to a $90 million market cap in only four days. Also, demand is rising after a brief pull-back. The Spongebob coin is not yet listed on the Binance marketplace.

Tamadoge and Spongebob partnership

Tamadoge, a leading Web3 business, has partnered with the popular SpongeBob meme coin. This collaboration grants Tamadoge’s community access to their exclusive airdropped token, SPONGE, which was released on Bitget. The token has seen impressive gains, reaching more than 70%, and additionally has been featured on many CEX platforms. Tamadoge is a recently launched project that enables gamers to mint and grow non-fungible tokens (NFTs) known as Tamadoge pets. The cooperation between Tamadoge and the SpongeBob meme coin will open up the Web3 gaming world to a large audience of potential users and investors.

What are meme coins?

These coins are tokens from an internet meme. These virtual plays are often humorous or ironic in nature, as they are created for entertainment.

Meme coins, meme crypto, and meme tokens all refer to the same thing. Not all cryptocurrency developers have the same goals, those who create these coins mostly just want to have fun. The play itself is a joke. And the vastness of the web and its memes that appear there every day is perfect for that. These pieces can also be created by surfing on a series that is a hit internationally, but most are in the likeness of animals, very often dogs.

These currencies remain highly volatile and unpredictable; for some, they only have value as collectibles. The emotions and opinions of the investment community cause its price to fluctuate massively. Its detractors consider that they have no fundamental value like Bitcoin or Ethereum. 

Their price can unexpectedly explode after a marketing stunt or a tweet from a personality before falling so quickly. Pejoratively, in the crypto community, they are called shit coins. But some have managed to reach very high levels of capitalization. This is the case of the very first meme corner to have been created.

This is Dogecoin (DOGE). Programmer Billy Markus was inspired by a popular Shiba Inu dog meme on the internet. His colleague, Jackson Palme, then took part in the project to create a viable cryptocurrency. This token with the logo of a Shiba’s head entered the market at the end of 2013. This whole project was basically designed in the first place to mock the rising popularity of Bitcoin at the time. Today, Dogecoin even has a descendant, the Baby DogeCoin, launched in June 2021.

The post What is a SpongeBob coin? appeared first on FinanceBrokerage.

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