In the latest DEX market pump, new Solana memecoin entrant BONKITA price has surged +22,000%, and with FOMO traders scrambling to identify the next big play – could this other 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, alongside fellow Solana memecoins SOLAREUM and Joe on SOL.
$BONKITA the ticker #1 in Dexscreener 6h pic.twitter.com/sjLfktMgAU
— dgb_nft (@dgb_nft) January 4, 2024
Riding on the back of the popular BONK narrative, BONKITA is a masterful spin-off token, gaining quick traction due to a high influx of initial volume and DEXtools #6 hot coin status in the first 8 hours.
BONKITA Price Analysis: Is BONKITA Doomed to Dump After Huge Upside Pump?
After a dramatic opening pump BONKITA has entered retracement, leaving BONKITA trading at a market price of $0.0006379 (representing a 24-hour change of +23,684%).
This comes after BONKITA token launched at just 1PM UTC on January 4, in a move that gained immediate traction as the meme coin shot up +21,000% in the first 4 hours.
A brief retracement saw lower support established at $0.0004880, this has formed a critical level following the -74% retracement from the all-time high at $0.001717.
However, with well-defended support emerging at $0.0004880 the prospects of a second-bounce are not improbable.
Taking a closer look at buy-pressure over the past hour, it seems BONKITA bulls are holding on to their grip over price action, with a slim 50.9% of transactions representing buys.
Indeed, in a further bullish sign plenty of BONKITA growth potential rests in the charts, which sees the market cap stood at $762k – typically breakout Solana meme coins hit $5m market caps.
This suggests there is a much as a 6.5x move left in the chart for late-entrants, however, with price action stalling many are looking for alternative lucrative plays such as Sponge V2.
Sponge V2 Launch ($SPONGEV2): A New Era in Meme Coin Evolution – Poised To Outperform BONKITA?
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.
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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 Over BONKITA Price Pump
- 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.
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