As the meme coin market sees red, the SpongeBob-themed token Sponge (SPONGE) has swum against the tide with a 9% rise since Thursday.
This upward momentum comes as the project prepares to launch Sponge V2 (SPONGEV2), its next evolution, which aims to expand its current functionality and use cases.
SPONGE Token Pumps Ahead of V2 Release
While the broader crypto market struggles, SPONGE continues to gain ground.
SPONGE has soared to $0.00057 in the past few days despite top meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) seeing declines.
According to CoinMarketCap, spot trading volumes are also up 12%, aligning with the token’s price rise.
Looking at the technicals, Sponge saw a spike on January 25 when it tapped the $0.00050 level, suggesting a large volume of buy orders in the area.
However, SPONGE is still trading below its 20-day exponential moving average on the 4-hour time frame – and the token will have to break back above to solidify the uptrend.
SPONGE’s recent rise
We współpracy z: https://cryptopotato.com/sponge-token-price-rises-9-despite-other-meme-coins-falling/
