as the price of Floki Inu Retrace, investors are turning their attention to another low market cap meme coin, Sponge.
With the growing interest in early stage investing, many are looking for ways to buy into SpongeBob early stages.
In this update, we will explore the latest trends in the meme coin market and discuss strategies for getting in on the action early.
Floki Inu Price Retrace
on Saturday, Floki is currently trading at $0.000036 with a trading volume of $38,962,335 in the last 24 hours.
The coin has gained 4.41% during this period. It holds the #97 ranking on CoinMarketCap, with a market cap of $352,401,351.
The circulating supply of FLOKI coins is 9,711,320,295,163, while the maximum supply is 20,000,000,000,000.
In terms of technical analysis, FLOKI may face immediate resistance around the $0.000038 level, which aligns with the previous high established on May 10.
On the 4-hour time frame, there is a supporting trend line forming near $0.000033.
A bullish breakout above this level could propel FLOKI towards the next target of $0.000042.
Two key technical indicators, the RSI and the MACD, are currently in a buy zone, indicating an upside potential above $0.000033.
However, if the price breaks below $0.000033, the next support to watch is $0.000028.
Growing Interest In SPONGE, A Low Market Cap Meme Coin
In recent days, there has been a significant increase in interest around SPONGE, a meme coin with a low market capitalization.
This growing curiosity has caught the attention of investors looking for early investment opportunities.
As meme coins continue to grow in popularity, SPONGE has gained traction among potential profit seekers in the cryptocurrency market.
SPONGE debuts impressive listing on Bitget and Gate.io
The current price of SpongeBob is $0.000573, with a 24h trading volume of $23,486,732. In the last 24 hours, Sponge experienced a positive growth of 12%.
Sponge is currently ranked #2640 according to CoinMarketCap, market cap information not available.
There is also no circulating supply of SpongeBob, while the maximum supply is 40,400,000,000 SPONGE coins.
On Friday, May 12th, 2023, the highly anticipated meme coin SPONGE made its listing debut on Bitget and Gate.io, following its successful launch a week ago.
This listing is a significant achievement for SPONGE, as it is available for trading on a total of eight exchanges, surpassing other Mem coins in terms of availability.
Despite the bitcoin market experiencing a 2% drop this morning, SPONGE has displayed remarkable resilience, at one point rising a remarkable 12% during the lead-up to its latest centralized exchange (CEX) launch.
While the $SPONGE token’s website emphasizes its purpose for entertainment, given its progress, it is worth exploring for potential future utility advancements.
By implementing enhanced marketing strategies and incorporating full Web3 capabilities, investors can anticipate substantial growth potential for the $SPONGE token.