Meme cash are beginning to rebound this week after a number of the top-ranked initiatives see respectable good points.

Market leaders $DOGE and $SHUB are up by a small 5%, whereas newcomers $BONK and $WIF see distinctive returns after rising 17% and 31%, respectively.

With the meme coin market beginning to see some quantity, merchants are on the lookout for different meme cash that may doubtlessly make increased good points.

Specifically, merchants are turning their consideration to $SPONGE, which has witnessed over $3.7 million coming into its stake-to-bridge contract as merchants put together for its V2 improve, slated to offer 100x returns.

Meme Cash See Revival After $DOGE and $BONK Rebound.

High-ranked meme cash noticed a revival this week after market chief Dogecoin noticed a good 5% rebound.

The cryptocurrency has been buying and selling inside a spread between $0.0875 and $0.0779 because the begin of the yr, and this week’s rebound marks a bounce from the decrease angle of the vary;

Trying forward, the primary resistance lies at $0.0836. That is adopted by resistance at $0.0875, $0.09, $0.096, and $0.1.

On the opposite aspect, assist lies at $0.08, $0.0779, $0.085, and $0.07.

With Dogecoin displaying resilience, the remainder of the sector can also be beginning to see considerably of a revival.

For instance, this week, newly established meme coin sensation $BONK noticed a wholesome 17.5% rebound.

The cryptocurrency had surged by an infinite 840% from low to excessive in December and has been on a downward trajectory since hitting its all-time excessive.

In January, the meme coin was buying and selling inside a spread between assist at $0.00001 and resistance at $0.000017.

This week’s 17.5% bounce exhibits that the assist at $0.00001 is robust because it seems to interrupt the confines of the present vary;

Trying forward, resistance lies at $0.000016, $0.0000178, $0.00002, and $0.0000231.

DogWifHat Sees Greater Features and Approaches All-time Excessive

It’s not simply the giants which can be seeing bullish worth motion.

Newly rising meme cash reminiscent of dogwifhat are additionally seeing robust bullish strikes after $WIF surged an unbelievable 31% this week.

The cryptocurrency discovered assist on the .618 Fib Retracement final week round $0.21 and began to push increased towards the all-time excessive once more.

Sadly, $WIF stalled round $0.Four and is now buying and selling at $0.315.

If the assist at $0.Three holds, $WIF should break resistance at $0.4. That is adopted by resistance at $0.45, $0.5, $0.55 (1.272 Fib Extension), and $0.6.

What Different Meme Cash Are Merchants Backing?

With meme cash making a comeback, merchants are attempting to find lower-ranked options that may present increased returns for smaller sums of capital.

Specifically, Spongebob Token ($SPONGE) continues to realize momentum after $3.7 million of staked belongings entered the bridge to its V2 improve.

$SPONGE noticed outstanding success in 2023 after surging by 100x, and the undertaking is again to breed the bull run and supply the primary 100x meme coin return in 2024.

SpongeBob Token Sees $3.7 Million Staked for V2 Improve.

$SPONGE has already seen a powerful $3.7 million deposited in its stake-to-bridge for its V2 improve.

The subsequent incarnation of $SPONGE is slated to be larger and higher than ever because the undertaking makes an attempt to recreate the 100x returns it produced in 2023.

The Krabby Patty of meme cash hosts a V2 improve, which might solely be entered by its stake-to-bridge, making certain a good improve for everyone concerned.

To get positioned, merely stake $SPONGE V1 within the bridge to earn an equal quantity of $SPONGE.

Alternatively, $SPONGE might be bought by the undertaking’s web site, which can be routinely staked.

The workforce will introduce a string of latest options in V2 to make sure 100x returns, reminiscent of an thrilling play-to-earn ecosystem to assist convey unmatched utility to the meme coin.

Moreover, these protecting their $SPONGE staked following the improve will earn passive V2 rewards over a 4-year interval, beginning with a minimal 40% APY.

As soon as V2 is launched, all V1 $SPONGE staked within the bridge can be completely locked to assist assist the transition towards the improve.

Total, traders are clearly excited in regards to the V2 improve and are backing it by depositing V1 $SPONGE into the bridge as they anticipate a 100x return.

With the success seen in 2023, $SPONGE V2 is a chance to not be missed in 2024.

Purchase and Stake $SPONGE As we speak