POLDO Token Skyrockets 35,000% Overnight as New Memecoin Prepares to Launch on New Exchanges
In the latest meme coin skyrocket, Poldo Token has undertaken a whopping +35,000% price explosion overnight. Now, this other meme coin could be next after red-flags emerge in Poldo price analysis.
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 BONKITA, SAMBOs Bot, alongside Solana meme coins SOLAREUM, Joe on SOL, BINK and BONG.
Bought $POLDO, mascot dog on polygon. pic.twitter.com/jaqHiQpdkW
— Rockey.Eth (@Rockey_crypt) January 12, 2024
Poldo is a Polygon memecoin playing on the viral potential of the mascot dog of Poldo (Polygon’s dog mascot).
POLDO Price Analysis: Can Unlikely Polygon Memecoin Poldo Token Sustain Skyrocket?
As price action retraces from the skyrocket rally, Poldo token is currently trading at a market price of $0.03856 (representing a 24-hour change of +35,089%).
This comes following a rapid ignition on launch, as POLDO price shot-up 57,139% in the first two-hours of trading from a listing price of $0.0000893.
A brief consolidation at now well-established lower support around $0.0314 set the stage for a second-rally leg, which drove Poldo token up to an all-time high at $0.06377.
With POLDO price atop +35,000% gains around the ATH, Poldo entered major retracement as early backers took profit on huge gains.
Over the past 11-hours this has seen Poldo token lose around -47%, however, a retest of lower support at $0.0314 has been well-defended by holders – priming the chart for further upside.
Indeed, with a lowly market cap of just $340k, POLDO could easily mount a 3-6x rally move from here suggesting it’s not too late to enter the chart.
Yet, with a lowly and unlocked liquidity pool of just $37.77k – this remains a high risk play, with every chance of turning into a honeypot.
For this reason, eagle-eyed traders are shifting their attention to an alternative memecoi play with safer project tokenomics.
Sponge V2 Launch ($SPONGEV2): A New Era in Meme Coin Evolution – Poised To Outperform POLDO Token?
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 POLDO Token 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.
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.
