What is a SpongeBob coin?
If you are already aiming to buy a spongebob token you definitely already know what it is. But for all new investors unfamiliar with this crypto we answer some questions in this article, like: What is SpongeBob crypto? Is SpongeBob token legit? How much is a SpongeBob token?Is sponge coin a good buy?
What is a SpongeBob coin?
SpongeBob coin, also known as $SPONGE, is a meme coin that launched on May 4, 2023 on the Ethereum blockchain. It is a decentralized cryptocurrency with no affiliation to Nickelodeon or the SpongeBob SquarePants franchise.
Meme coins can sometimes generate significant hype and trading volume, which can lead to large price increases.
SPONGE tokens were an instant hit, rising over 30 times in price in its first 24 hours of trading. It has since lost some of its initial gains, but it is still one of the most popular meme coins on the market.
There is no formal team or roadmap behind SpongeBob coin. It is a community-driven project, with the goal of creating a fun and engaging cryptocurrency for fans of SpongeBob SquarePants.
Is SpongeBob coin legit?
Spongebob token ($SPONGE) is a new meme coin currently pumping on Uniswap, adopting the aesthetic of the popular animated series.$SPONGE is a complete community driven meme coin. No presale. Zero taxes.
If you are considering investing in a SpongeBob coin, it is important to do your own research and understand the risks involved. You should only invest what you can afford to lose.
Apart from utilizing its name and logo, the coin does not possess any formal affiliation with the SpongeBob cartoon.
Available for trading on decentralized exchanges, this coin’s currency structure mimics that of other low-quality cryptocurrencies,i.e. shitcoins, with the funds being allocated towards marketing and charitable endeavors.
Despite lacking an official connection to the cartoon series, the SpongeBob coin appears to be attracting the interest of bold investors who are willing to risk their funds by “investing” in dubious meme coins.
For all Spongebob fans, it’s worth knowing that there are also SpongeBob coin pusher cards, SpongeBob coin games.
Spongebob coin price
In the time of writing SpongeBob reached a market price of $ $0.00009848.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 max supply of 40.40B SPONGE.
SpongeBob coin is currently ranked as the #6769 crypto by market capitalization. In the last 24 hours, SPONGS price is up 14.60%. SpongeBob Squarepants coin is trading with a 24hr trade volume of $ 58,114.93 USD, according to Binance.
The cryptocurrency $SPONGE has seen a huge surge in popularity since its listing on Uniswap, 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. Its price exploded over 1,500% from its initial launch price.
One whale invested as much as $98,000 into the exciting new token.
These metrics are even more impressive, considering the SpongeBob token wasn’t “pre-hyped” before making its Uniswap dex debut.
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.
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 ‘Dogecoin.
