XRP, the cryptocurrency of the Ripple payment network, has firmly established itself as a major participant in the cryptocurrency market. Ranked fifth in terms of market cap, XRP has maintained its position as one of the top cryptocurrencies for almost a decade.
Given its aim to bypass intermediaries in the financial sector such as banks, XRP has been a very controversial project throughout its existence. The project is also famous for its loyal fan base, which rejects criticism without hesitation. For Ripple, which has been in litigation with the US Securities and Exchange Commission (SEC) for a long time, experts say that a partial resolution of this dispute could potentially stimulate growth for XRP in the near future.
There have been many price predictions regarding XRP over the years. Crypto hedge fund manager Thomas Kralow had previously predicted that XRP would reach $30 per coin in 2023. This estimate does not take into account the mathematical impossibility of XRP reaching this price, as a total supply of 100 billion coins would mean the market cap of the project would be $3 trillion. This is more than twice the current market value of all cryptocurrencies.
So, while it is theoretically possible for Ripple to reach $10, it would require significant market shifts or a massive supply reduction. For this reason, we have discussed another coin that investors are turning to.
Sponge Token V2 (SPONGE V2) – Unusual Pre-Sale Stake-to-Bridge Utility
Sponge (SPONGE) Token has been relaunched with V2 offering advanced features. This Token offers notable benefit through stake-to-bridge and play-to-earn functions.
SPONGE, the highly acclaimed cryptocurrency that gained great popularity as a meme coin in 2023, has now announced its return with significant improvements. The release of the V2 version offers an extraordinary chance for early adopters to potentially cash out on their investment.
Individuals who remember SPONGE will nostalgically remember the fun memes, large community, and most importantly, high profits.
Those who previously missed out on this coin now have the option to get involved in the next iteration of the project, which has expectations on par with the new version that is expected to emulate its success.
Stake-to-Bridge Feature Adds Excitement to the Market
No Sponge Token V2 purchases. The token differentiates itself from traditional presales by offering it exclusively through stake-to-bridge functionality.
The V2 iteration of the token is only available through the stake-to-bridge functionality. This requires users to purchase SPONGE V1 for staking to obtain an equivalent amount of SPONGE V2.
The token was initially introduced with a market cap of $1 million, but quickly rose to over $100 million as 11,500 investors eagerly tried to take a position on the popular meme coin trend.
Due to its success, SPONGE was immediately listed on more than 10 centralized exchanges, including Gate.io, MEXC, Bitget and Poloniex, enjoying significant trading volume.
There are only two ways to buy Sponge Token V2, or rather position itself for investors.
To obtain Sponge V2 tokens, investors need to purchase them through a special widget on the Sponge.vip website and the purchased tokens are automatically staked in the V2 pool.
The larger the amount of V1 SPONGE deposited and the longer the deposit period, the higher the amount of V2 SPONGE will be won
At the end of the staking period, users will have the opportunity to redeem their accumulated SPONGE V2 tokens through the website. Specific dates and times for this process will be announced via social media channels.
Additionally, upon its release, V2 will replace the first version, SPONGE V1. As a result, V1 tokens will be permanently locked and will gradually cease to exist.
Sponge Token V2’s Two Utilities
Users who currently stake SPONGE in the original V1 contract need to withdraw their SPONGE and then stake it again in the V2 contract to purchase Sponge Token V2, i.e. participate in its launch.
This innovative feature, never tried before, adds additional excitement to the V2 launch.
The purpose of SPONGE V2 is not just to benefit from the volatility in the Bitcoin market. Instead, they offer a wide variety of tools to keep investors interested and earn additional V2 tokens in the process.
The first utility offered is the stake-to-bridge that we mentioned above. The second utility is an exciting play-to-win (P2E) game that allows users to accumulate extra SPONGE rewards.
The team plans to launch a customized P2E game to increase enjoyment and engagement within the ecosystem.
Players who rank high on the leaderboards will receive a greater amount of SPONGE V2 tokens as a result.
Two versions of the game will be available: free version and premium version. In the premium version, players will purchase credits using SPONGE tokens to participate in competitions and receive rewards.
Investors are advised to take immediate action by investing in SPONGE to secure their position before it is too late.
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