In the latest Solana memecoin pump, strange Hoppy token has pumped 100x on DEXTools, and HOPPY price analysis reveals a potential next leg. But crypto experts say this lesser known coin is next.
This comes as recent months have seen a huge trend in explosive DEX-traded token moves, with countless Solana memecoin moon-shots garnering significant attention, including 2024′, SOLAREUM, Joe on SOL, BINK, BONG, MUSK, FLUB and PUMA.
$HOPPY will follow $pepe.This will print in a good zone to get a bag. I’m in. Let’s see how it goes. . NFA. DYOR. #1000xgem #100xGems #Bullrun2024 #Altseason #memecoins #memeseason pic.twitter.com/EHBcamzOJz
— Tivo_Ke (@tivo_ke) January 18, 2024
Trader sentiment is return to bullish footing as HOPPY’s retracement move hits well-defended support levels, teasing the possibility of a second bounce.
HOPPY Price Analysis: Can Hoppy Token Mount A Second Rally Following Sensational Move?
As price action establishes lower support, Hoppy token is currently trading at a market price of $0.0004762 (representing a 24-hour change of -59.26%).
This comes in the midst of retracement from an all-time high at $0.00156, which came just 3-hours after a sensational pump, that saw price climb +94,530% in an almost instant move – as HOPPY gained immense traction.
However, a quick-sell off, as early-backer took fast profit on a stunning upside move, triggered a slow-grinding downside bleed-out.
Yet, in a well-defended move by traders, double-bottomed support has emerged above lower support at $0.00041 – presenting the opportunity for a second rally bounce.
However, some red flags emerge in the disjuncture between Hoppy token’s $450k market cap and its meagre liquidity pool of just $51k.
This not only leaves 2.75k holders exposed to an inability to sell, but also sees unlocked liquidity vulnerable to removal in a honeypot move by the developer.
Resultantly, a better play emerges in the SpongeV2 presale, which has gained significant traction as traders have raced to take part in a potential second-wind repeat of one of 2023’s biggest memecoin skyrockets.
Sponge V2 Launch ($SPONGEV2): A New Era in Meme Coin Evolution – Poised To Outperform Solana Memecoin Like HOPPY?
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.
Read more:Best Crypto to Invest In 2024
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.
Moreover, 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 HOPPY 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: Staking V1 tokens will result in their permanent locking, shifting the focus to 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.
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