PEPE, BONK fall, investors watching Sponge token
Release: 2024/01/06 01:49 Reading: 403
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Meme coins have struggled over the last 24 hours with PEPE and BONK sliding by 2.51% and 5.2%, respectively. However, traders are backing Sponge V2 to rally as its buy-and-stake campaign rises to $1.9 million.
Pepe and Bonk dropping
A flash crash in the market caused crypto prices across the board to plunge. However, leading meme coins were among the worst affected, with PEPE and Bonk dropping by double digits.
You might also like: Can BONK or PEPE flip Shiba Inu to second behind Dogecoin?
Yet, while the broader market recovers, PEPE and BONK are in the red. PEPE is down 9.58% this week and 10.35% this month.
Meanwhile, Bonk is down 26% this week and 66% from its Dec. 15 all-time high (ATH).
Nevertheless, some analysts see these selloffs as potential buying opportunities.
You might also like: Binance to list Solana’s BONK following Coinbase
Trader ZaZa believes PEPE is trading at the bottom of its range and speculates that a move toward $0.0000025 is imminent.
Currently, Pepe is trading at $0.000000123.
Meanwhile, trader Mirage believes Bonk may recover after selling off from its all-time high. The token may reach $0.00004 and later $0.0000113.
The bullish sentiment results from a broader market optimism, with Michael van de Poppe speculating that spot Bitcoin ETFs may be approved on Jan. 5.
While this happens, more analysts are closely monitoring Sponge V2.
Sponge V2 can rally because of its P2E utility
Sponge V2 is a new rendition to Sponge, a meme coin which rallied to a $100 million market cap, netting early adopters a 100x ROI.
The original Sponge was listed in over 10 crypto exchanges.
You might also like: Meme Kombat, Sponge V2 among 5 meme coins that may rival PEPE
It also had over 30K social media followers and 13K holders.
The team is improving on the project, aiming to absorbing the new meme coin liquidity and provide the community a second chance.
Sponge V2 has a play-to-earn (P2E) racing game. Holders can earn free crypto while providing tangible utility to SPONGEV2.
Ahead of Bitcoin halving, analysts maintain their bullish outlook on the coin.
Sponge V2 is yet to launch on exchanges. Instead it is only available on the Sponge.vip website via its buy-and-stake campaign.
Afterward, investors will unstake their Sponge V2 before the token lists on major exchanges.
Read more: Sponge V2 and Gorilla lead meme coins as Bonk falls
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
Recent news
More>- Dogecoin Price Prediction for Today, November 23 – DOGE Technical Analysis 11-24
- Dogecoin Price Prediction for Today, November 23 – DOGE Technical Analysis 11-24
- Dogecoin (DOGE) Surges 19% as Hash Rate Hits Record High 11-24
- Solana Hits New ATH, As Pepe Surges 30% Amid Bull Market, Crypto Traders Eye New Meme Coin Going Viral After Video Release 11-24
- Dogecoin (DOGE) Bullish Streak is Awakening Shiba Inu (SHIB) Bulls: What’s Next? 11-24
- Top Meme Coins for December 2024: 5 Picks to Buy Before They Take Off! 11-23
- XRP Price Prediction: XRP Pumps 67% In A Week As Gary Gensler Plans SEC Exit, While Whales Swoop On Pepe Unchained Presale 11-23
- What’s Next for Crypto After Bitcoin Take $100k Price Level? Catzilla Coin Among 3 Altcoins Poised for Big Moves 11-23
- Dogecoin (DOGE) Bulls Predict a Second Wave to Break $2, But One 'DOGE Killer' Could Steal the Spotlight with a 34x Run 11-23
Selected Topics
More>>-
- pepecoin Price Analysis
- This topic provides articles related to PepeCoin price, covering key PepeCoin insights and analysis
-
- pepe:meme star
- This topic provides articles related to the most promising meme, PEPECOIN, a project with the potential to become a mainstream digital currency. It has the advantages of decentralization, reliability, ease of use, fast speed, low cost and scalability, and is expected to be more widely used in the future
-
- pepecoin price prediction
- We’ve gathered facts about pepecoin’s success story and provided a pepecoin price prediction
Selected Articles
More>>- 1 Avalanche and Aptos rival raises over $600k in 2 weeks
- 2 Crypto Prices Today: Market Continues Rally With BTC, Pepe Coin, SEI Rising
- 3 Major Analyst Crypto Tony Bullish on These Meme Coins, But One Stands Out
- 4 MTAUR Ready to Crush DOGE and PEPE: 100x Price Growth Incoming?
- 5 Memecoins Surge in 2024, Popcat Leads with 7,621% YTD Gain, Outshining Top Crypto Tokens
- 6 PEPE Meme Coin Smashes ATH – See How Much an $83 Investment in Pepe Coin Last Year is Worth Now
- 7 Top 4 Altcoins At 70% Discounts – Last Chance!
- 8 Dogecoin Creator Proposes DOGE to NBA Legend Scottie Pippen
- 9 Top Analyst Who Predicted Dogecoin (DOGE) Last 170x Rally Forecasts New Parabolic Rise, Here’s His Price Target
- 10 New Solana Memecoin Trump Loves Elon to Rally 15,000% Before Exchange Listing, SHIB and Bonk Crash
ABOUT US
We are building the most influential，trusted information platform for aglobal community engaged in thd transformation of the financial system andthe emerging crypto economy.PEPE is an integrated platform for media,events,data & indices for the next generation fo investing and the future of money.
Get in touch with the PEPE team at admin@pepecoinbuy.com