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Dogwifthat and Memecoin rallying, Sponge hits $4m in pre-launch campaign

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Dogwifthat and Memecoin rallying, Sponge hits $4m in pre-launch campaign

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Meme coins have been steady this week with Dogwifhat up 117% in seven days. At the same time, Memecoin and Myro are trending higher, adding 10% and 108%. Meanwhile, Sponge V2 has surpassed $3.9 million in its pre-launch buy-and-stake campaign.

Dogwifhat nears ATH

Dogwifhat rose to an all-time high of $0.3313 in December but pulled back following its parabolic trajectory. However, the Solana-based meme coin is taking a second run amid the launch of spot Bitcoin ETFs, up 18.43% today and 117% this week.  

Currently trading at $0.24, WIF has room for a 33% increase to return to its all-time high.

However, CoinMarketCap analyst Whale Insider speculates even more upside potential, forecasting a rise to $0.45 is incoming.

Dogwifthat and Memecoin rallying, Sponge hits $4m in pre-launch campaign - 1

Whale Insider made the prediction when WIF was trading at $0.11.

The trade was highlighted by the blockchain analytics account Lookonchain.

In a recent tweet, the account explained a “mysterious whale” bought $8.8 million worth of Dogwifhat in one trade.

Moving back to Lookonchain’s analysis, the account noted that the trader calls himself a “Binance insider” and says the token will be listed on the exchange. 

While the significant investment and subsequent loss to price impact certainly caught attention, the rumor of a Binance listing may have been the driving factor behind the recent pump.

Sponge V2 pre-launch buy-and-stake campaign nears $4 million

Sponge V2 is a second-generation meme coin, launched as the predecessor to the original Sponge, which at one point had a market cap of $100 million.

The original Sponge also secured listings on over ten prominent exchanges, amassed 13K holders and gained 30K social media followers in its first few days.

The team is now launching Sponge V2 to provide supporters another chance.

Dogwifthat and Memecoin rallying, Sponge hits $4m in pre-launch campaign - 2

The Sponge team will launch a play-to-earn racing game, distributing rewards to players. This might spark demand.

Analysts, including Michael Wrubel , remain bullish on Sponge V2’s prospects.

However, Sponge V2 has yet to launch on exchanges. The only place to buy it is via the Sponge.vip website in its prelaunch buy and stake campaign. 

Tokens will be locked until the campaign ends where they will earn an additional yield based on the variable staking APY.

Meme Kombat raises over $6.6 million in presale

Meme Kombat is a GambleFi utility currently in presale. It has raised over $6.6 million, indicating immense community interest and even upside potential once it launches on exchanges.

The project enables users to gamble on AI-generated battles between meme coin characters using their native token, MK.

This provides a utility-driven demand stream, complimenting its price potential along side its viral meme coin allure.

Dogwifthat and Memecoin rallying, Sponge hits $4m in pre-launch campaign - 3

It also supports staking with a yield of 141% APY. However, this will decrease as the staking pool grows.

The team is also public. This adds a high degree of transparency and accountability.

Analysts, including Jacob Bury , expect MK to rally on launch.

One of the key benefits that Bury highlights is the project’s doxxed team.

MK is available for $0.279 in the ongoing presale.

Memecoin climbs 10%

Memecoin is the sixth largest meme coin by market cap, up 10% in the last day.

However, its growth is expected because the project has an established operation and a vibrant community. To illustrate, the meme coin has over 2.2 million followers on X.

Meme is the token of Memeland, a web3 venture studio that builds and invests in social products.

Dogwifthat and Memecoin rallying, Sponge hits $4m in pre-launch campaign - 4

Memecoin has a total supply of 69,000,000,000 MEME, with 12.85% already in circulation.

However, the team has allocated 25% of its total supply to airdrops, drawing crypto attention.

Anayst Hazelnutiscool says a break below a resistance level may drive it towards $0.37. 

Despite this outlook, another analyst, Largino, is bearish pinning this outlook on whales.

Myro rallies 108% 

Myro, a meme coin on Solana, is up 33% in the past 24 hours, changing hands at $0.11. Its market cap recently surged above $100 million..

As such, it looks to be closing the gap on Dogwifhat, which currently holds a $239 million market cap.

Dogwifthat and Memecoin rallying, Sponge hits $4m in pre-launch campaign - 5

Several traders are backing Myro for further gains.

BitBani says Mryo’s market cap may rise to $300 million and even hit $1 billion.

Meanwhile, analyst Craig Beck says Myro is the “next 1000x Solana meme coin.”

Myro offers a trading bot that enables users to snipe tokens quickly on the Solana blockchain. Trading bots have recently become highly popular tools, with UniBot rising to an $80 million market cap on Ethereum.

According to the Myro website, the project will also release new utilities, like staking and other mechanisms to serve its community’s needs.

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