Elon Musk, the billionaire name that shapes the cryptocurrency industry with his shares, enabled the rise of another token.
GROK Coin, which is unrelated to Grok or the artificial intelligence effort of Musk’s new venture xAI, has gained significant recognition for its significant growth since its launch in November.
With a significant increase of more than a thousand percent within a week of its debut, GROK coin attracted the attention of crypto enthusiasts due to its significant movements. However, GROK Coin, which has been declining in recent days, is traded at $ 0.00792896 as of the date of writing this news.
The sudden rise of the GROK coin is a stark example of the influence of Elon Musk or other individuals on cryptocurrency. Because even though GROK has nothing to do with Musk’s artificial intelligence project, it is associated with the name due to its similarity.
Some event-based coins also attract attention, such as the meme coin Sponge, which caused havoc last spring. We have discussed the two most notable coins below.
Sponge Token V2 (SPONGEV2) – Sponge V2 Launch Looks Exciting to 2024
As crypto markets anticipate a more comprehensive rise in 2024, the Sponge (SPONGE) meme token is garnering attention ahead of the release of version 2. The SpongeBob-inspired project gained significant popularity after its launch on Uniswap in May this year.
SPONGE had a significant 340 percent price increase in its first week, fueled by the explosive excitement around it. At its peak, market capitalization exceeded $100 million and daily trading volumes on major exchanges like Gate.io reached millions of dollars.
Sponge Token V2 includes a pioneering “Stake-to-Bridge” mechanism that connects the new token to the evolving SPONGE V1 ecosystem. Buying Sponge Token V2, So to obtain it, V1 holders have the option to stake their existing supply. This will entitle them to receive an equivalent amount of V2 tokens when the actual launch occurs.
When new users purchase SPONGE V1, they can stake tokens immediately. This allows them to receive proportional SPONGEV2 payments once the token is activated. As a result, the more V1 tokens staked, the higher the amount of V2 tokens will be obtained at launch.
SPONGEV2 will feature a predetermined four-year staking period with a significant 40 percent annual percentage return (APY), allowing stakers to accumulate tokens over an extended period of time. After a period of four years, all accumulated V2 tokens will be fully available for claim.
This mutually beneficial arrangement makes it easier for loyal V1 token holders to be compensated, while also creating momentum for the new V2 token in anticipation of the upcoming bull market phase.
Meme coins are expected to attract great attention once again in 2024. This fun initiative and its new token have attractive prospects in both the short and long term. With the increasing interest in altcoins, Buy Sponge Token V2 and it is important to monitor it continuously in the future.
Meme Kombat (MK) – Potential Meme Coin with High APY
Meme Kombat (MK) is another prominent coin… MK is a project based on the Play to Win (P2E) model with GambleFi functionality. The pre-sale event is also currently busy with investors. With the purchase of Meme Kombat tokens continues. So much so that it has already raised more than $3.9 million in pre-sale funding.
The concept includes a battle arena where users can place bets and watch AI-enhanced battles between popular meme coin characters. The use of artificial intelligence ensures that the results are generated randomly without any manipulation, thus increasing the reliability of the betting process.
Battles have a fascinating appeal that has spread rapidly online and also serves as a betting tool. This translates into a promising prospect for long-term demand for MK.
Another advantage of Meme Kombat is its staking function, which currently provides 225 percent annual percentage return (APY). However, it is worth noting that this rate will decrease as the staking pool expands.
In addition to encouraging long-term holding of tokens and reducing selling pressure, Meme Kombat’s staking mechanism has the potential to increase demand for tokens and therefore strengthen their prices.
The maximum amount of MK tokens available is limited to 120 million. During the pre-sale period, 50 percent of the tokens (60 million MK) can be purchased at a price of $0.246. However, this price will be increased to $0.257 soon.
On the other hand, season 1 of Meme Kombat will introduce leaderboards to encourage community participation through continuous gameplay. In the second season, new battle types and advanced rewards will be offered in line with player preferences and industry trends.
Interested investors can participate in the pre-sale with ETH, USDT and BNB support through Meme Kombat’s official website.
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