By As DEX-launched cryptocurrencies continue to explode, Micro Coq (MICRO) token has emerged as the latest moon-shot after posting a jaw-dropping +3,000% rally, but could this new meme coin be next?
This comes as recent months have seen a huge trend in explosive DEX-traded token moves, with countless moon-shots garnering significant attention, including the ever-popular APX, SAMBO Bot, BabyGROK, TIME, ZKGROK and IO.
Have you been missing these $AVAX coins going to million-dollar mc’s in the past week ? Take a look at this promising sub $100k mc coin. It will ride along with the number one meme coin $COQ due to it’s coq burning ability. Yes we are investing in Coq burn @microcoq $MICRO pic.twitter.com/60QZG4xxCN
— Land Wolf Crypto (@gencryptowealth) December 18, 2023
Based on AVAX, MICRO token has become a popular coin for shot-callers seeking quick pumps for their audiences – and this influencer attention appears to have fuelled the substantial gains.
MICRO Price Analysis: Will AVAX-Based MICRO Token Sustain Skyrocket Rally?
As MICRO enters major retracement, Micro Coq token is currently trading at a market price of $0.000000025558690759635677 (representing a 24-hour change of +206%).
This comes after MICRO shot-up +3,000% from lower support at $0.00000000875, in a 13-hour skyrocket move, that saw MICRO price tap an all-time high at $0.000000074.
Now in the midst of a major -67% retracement move, as early-backers secure their huge profits, all eyes turn to transactions to reveal localised price sentiment.
Indeed, over the past 6-hours the number of sell transactions has increased, although buy-pressure remains the dominant force – represent 55% of transactions.
Critically, the retracement has reduced MICRO’s market cap to $1.46m, this leaves a reasonable degree of growth on the table – with comparable AVAX launched tokens heading up to $5m market caps.
This suggests there could be as much as a 3.5x return on the cards for MICRO here, if continual buy-pressure is able to establish a bounce here at the lower trendline.
But while MICRO might offer a relative late stage entry, a new meme coin is reinvigorating the charts as traders flock back to the SPONGE ecosystem.
Sponge V2 Launch ($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.
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 As MICRO Token Surges 3,000%, This Other Crypto is Preparing to Launch – Here’s Why You Should Pay Attention appeared first on Cryptonews.
