cryptocurrencybuy spongebob coin

PEPE reaching a $1 billion market cap in record time and tokens like Turbo and Wojak going on rallies and reaching heights of their own will make 2023 go down in history as the “year for memecoins”.

Spongebob (SPONGE) is a new coin to have arrived amidst this” meme-bull season”. And like PEPE, Wojak, and Turbo, all SPONGE has going for it is its community aspect. But this token has already hit the ground running, becoming one of the top crypto gainers on CoinMarketCap.

But should you buy $SPONGE coin? This guide explains how to buy Spongebob on Uniswap and what we know so far about the project.

How to Buy Spongebob Coin – Overview

Spongebob token is available for purchase on Uniswap. Currently, it is a DEX-only asset and still outperforming, thanks to many trader focusing their attention away from centralized exchange (CEX) platforms. Here are the steps to buy:

  1. Step – 1 – Visit the Official Website – Go to sponge.vip. The official website has an integrated Uniswap API.
  2. Step 2 – Connect a Wallet – Make sure that your wallet has ETH tokens before you connect it to the platform.
  3. Step 3 – Buy Spongebob – Enter the number of SPONGE tokens you want to buy and complete the swap.

Alternatively, visit DEXTools.

What is $SPONGE Token?

Spongebob token is a memecoin based on the popular character Spongebob Squarepants. This memecoin aims to create a community inside the crypto space around this character and “gift the world with more memes than before.”

Buy Spongebob

The token has no clear roadmap currently – but has attracted the interest of the crypto community. The token currently has no utility to speak of – other than the community aspect of memecoins. That said, memecoins like Pepe also are purely based on speculation, hype and internet memes.

Spongebob has come up amidst Pepe reaching a $1 billion market cap, at which point it may find resistance and undergo a correction. Spongebob could present a way for the community to keep the market moving with a lower market cap asset.

Spongebob coin

In the past few days, $SPONGE rose from a $2 million market cap to approximately $10 million, a 500% price increase that saw it become one of the top three crypto gainers on CoinMarketCap.

As such, our Spongebob token price prediction is bullish and forecasts that the meme coin could 10x before Q4 2023.

Why Invest in Spongebob Coin?

It is not uncommon for people to ride the wave of the next big crypto. However, much of that has to do with the perceived value of cryptocurrency.

So, when PEPE, a token that has little to do with utility and more to do with community, busted market fundamentals to rise over 83,000%, people’s interest in memecoins is at peak levels currently.

The recent rally also has to do with the crypto market showing some signs of recovery. The Bitcoin price has spiked as high as $31,000 this quarter and the total crypto market cap reclaimed the $1 trillion level.

When Bitcoin performs well, altcoins follow to do the same. And when altcoins are on the rise, memecoins also ride that successful wave.

People are hoping that, like PEPE, NOMEME and other meme tokens, $SPONGE also goes on a bull run. From what we have seen so far, that might be the case.

Update – PEPE has also now been listed on Binance, which could have a positive price impact on other meme coins.

How to Buy Spongebob – Complete Guide

Here is the step-by-step guide to buying Spongebob tokens.

Step 1 – Visit The Official Website

Go to the official website of Spongebob.

Check out the social media links to get a feel of how the token is performing and why the community is rallying behind it, including its Twitter, Discord and Telegram. One of the latest updates is that the $SPONGE token liquidity has been locked with Team Finance.

Step 2 – Connect Your Wallet

Connect your wallet by clicking on the “Connect” button at the top-right corner. Pick between Metamask, Coinbase Wallet, or Uniswap Wallet. You can also check out Wallet Connect to attach a wallet that has a sufficient amount of ETH in it. Visit eToro to buy Ethereum tokens if the wallet is empty.

Connect your Wallet with Spongebob

Step 3 – Buy SPONGE

Enter the number of SPONGE tokens you want to buy and the appropriate number of ETH tokens will be displayed. Click on the “Swap” button to complete the transaction.

Conclusion

Spongebob token is another spur-of-the-moment token that has been trying to capitalize on the sudden interest in memecoins. It has no obvious fundamentals as of yet, but the token is backed by a growing community.

Learn more at the Spongebob website below and join the official Discord here.

Also see some of our other picks for the best crypto to buy now in the current altcoin season.

FAQs

What is Spongebob?

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Alan Draper

Alan Draper

Alan is the Chief Editor of The Tech Report. His responsibilities include ensuring we bring you all the latest industry news, the best-in-class consumer and educational guides, and making sure that all the content on our site is to the minute, accurate, and reliable.

Based in the United Kingdom, Alan has a long and varied experience in digital writing and editing, covering everything from tech to finance and sports for websites like Business2Community, The Sports Daily, and Cryptonews.

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